Consent-to-let Help for New Street Mortgages

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

• My twin intends to rent out his apartment out without consent to let from his mortgage provider New Street Mortgages. He has been on an interest only loan for about six years now. Outstanding amount is £110k, having purchased the flat for about £118k. If he lets the flat out privately, exactly what sanctions does he risk?
• Can you explain "consent to let" to me? I live in a studio flat and its in good condition. It is on the market and I am struggling to sell. This is probably due to an ongoing dispute with the guy next door. I have had to mention this on the disclosure sheet. Mortgage is with New Street Mortgages on a fixed rate. It has been suggested to me that I should seek consent to let from New Street Mortgages and rent the property for a couple of years.
• I have been a mortgage customer with New Street Mortgages for since 2009. I got divorced three years ago and bought the ex wife out. My situation has changed, I wish to retain my house but live with my new partner, letting my house out. It has been suggested by my financial advisor that I can seek consent to let by New Street Mortgages instead of a buy to let mortgage as I I did not buy the property with the intention of letting it out, your feedback would be appreciated?
• I recently got married and my wife and I would like to buy a family home in the coming year, whilst keeping our one bedroom apartment in Haringey we currently live in to rent out. Mortgage on the flat is with New Street Mortgages. I don't want to put myself in a situation with two residential properties and then be refused consent to let.
• Were we to ask for a consent to let letter by New Street Mortgages will we be made to convert to buy to let mortgage? Our mortgage is with New Street Mortgages and as houses are not selling at the mo and we have seen one we like we were considering letting our home out in order to acquire the new and sell this one when the market improves.
• I’m about to finish the fixed rate period of my three year fix with New Street Mortgages and switch on to the current variable rate. Can you tell me if consent to let by New Street Mortgages is likely, if there are fees, and if there conditions?
• I am seeking consent to let for my house as I am moving out for nine months currently fixed New Street Mortgages mortgage with three years which is up on July next year.
• Do you know whether there a time limit on a consent to let from New Street Mortgages? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?