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.

Examples of recent questions relating to New Street Mortgages consent to let

  • My wife and I have a New Street Mortgages mortgage and are never missed a loan payment, both employed etc. Do you know how much it will cost and if New Street Mortgages are likely to give us consent to let without transferring to a commercial rate?

  • Contracts were exchanged last month for an off plan property in which I was going to move into, but my employer has presented me with the opportunity to work overseas for three years, can I let the new property with consent to let from New Street Mortgages.
  • Eighteen months ago we bought our council house, in Hackney,recently valued at £240k. It was paid for in full from our own finances, and we never had a mortgage. We can't sell (without repaying back a significant amount of the discount) before five years have gone by. Regardless, we want to retain it as a investment property to lease out. We are considering taking out a mortgage with New Street Mortgages. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. is this something you can help me with?
  • I have a current mortgage contract with New Street Mortgages and need clarify if it would be possible to obtain consent to let out our garden flat in Hounslow.

    The purpose for wishing to rent out the property are as follows: -

    • Me and my wife will be migrating to India next spring.
    • In letting out the property this will facilitate savings to assist with the migration process.
    • It would be pointless from a fiscal perspective to discharge the mortgage for a property which we are not living and by letting out the place this would be considered as an ongoing investment.

    If New Street Mortgages granted permission to us for renting we would propose some financial commitments to include: -

    • Continue to pay the monthly mortgage payment directly from my bank account.
    • Instruct an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our forwarding details for when we emigrate.
  • What is the longest period that New Street Mortgages is willing to grant me the Consent To Let for?
  • Will New Street Mortgages want to know why I am applying for consent to let? Should I inform them of my possible move overseas?
  • Am I required to wait for consent to let to be granted on my existing residential mortgage with New Street Mortgages before applying for a resi mortgage on a second property?
  • Are you aware if there is usually a maximum loan to value amount before New Street Mortgages will give consent to let?