Need Help?

Need professional advice for your consent to let with New Street Mortgages? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

New Street Mortgages Consent to Lease Example Support Desk Enquires

  • Helen (my partner) and I may need to let our Harrow home for a while due to a new job. This will be short-term but perhaps for five years. Do I inform New Street Mortgages or am I best advised to keep schtum?

  • I was thinking of renting out my apartment and generate some income during my vacation. It only a short term option for a fortnight. Do I need consent to let from New Street Mortgages?

  • Can you explain "consent to let" to me? I live in a 1 bed apartment and its in good condition. It is on the market and I have had very few viewings. This is because my neighbour is a drunk and assaulted me last year. I had no choice but to put it on the disclosure sheet. Mortgage is with New Street Mortgages on a standard variable rate. It has been suggested to me that I should obtain consent to let via New Street Mortgages and lease the flat for a couple of years.
  • I have a standard mortgage coming up for renewal with New Street Mortgages. I have had the house let out for two years and I now realise I should have disclosed this to New Street Mortgages. I understand that I can ask for a consent to lease, but bearing in mind that the property has already been let out could they refuse - force me to switch a BTL rate and even fine me? I have over 45% equity in the house - and the rental income far exceeds the monthly loan payments.
  • New Street Mortgages. Will they grant consent to let a property for two years? I reoccupy as an occupier.
  • I recently completed on a one bedroom apartment in Camden. I am a FTB. I am moving Belfast next month, can I get consent to let from my lender New Street Mortgages or do I have to wait six months?
  • I am currently in the process of applying for a mortgage through New Street Mortgages - It is possible that in the coming months I may decide to rent the property out - how would I change the homeowner mortgage to a BTL mortgage?
  • What happens if a borrower has already let the property for some years as an HMO and now wish to legalise the situation with New Street Mortgages by obtaining consent to let ? (work on the basis that New Street Mortgages had in the past given a residential mortgage in the past)