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

Top Five Questions relating to Monmouthshire Building Society consent to lease

  • Me and my husband were looking to buy a one bedroom apartment with 30k deposit with the aim of moving in. Somewhat fortuitously the in-laws plan to move to New York for a couple of years so we plan to move into theirSutton apartment to "housesit". If we were to go ahead with a residential mortgage with Monmouthshire Building Society would there be any difficulties with negotiating consent to let ?
  • I have my two bedroom ground floor purpose built flat in Southwark on the market but despite a couple of viewings there is a lack of interest so far. As a backup option I am considering renting out the property if cant find a buyer. I dont foresee a problem getting consent to let from the freeholder. My IFA has told me that in such circumstances I may be required to switch to a buy to let mortgage yet the chances are that I don't have enough equity needed. What's my exposure if I were to just keep the current Monmouthshire Building Society mortgage and let the property out on the QT I was told that they can put a marker on you for mortgage fraud once find out. Is that right?
  • I have a Monmouthshire Building Society mortgage on a flat I own, in Harrow. Last month, due to a change in my circumstances I decided to let out this flat, and rent another property in a different area within same loc. The state of affairs that altered is that I started living with my partner, and the flat is too small for our needs. I would rather not sell the flat because the current market value is 15% less than when I bought the flat eight years ago. I applied to Monmouthshire Building Society for a consent to let which was turned down as they determined that I wanted to invest in the flat. Any insight would be greatly appreciated, as this is really stressing me out. The matter is urgentas I have a prospective tenant waiting for this consent to let and could withdraw.Yours sincerely
  • A friend of mine recently sought CTL from the Woolwich which they declined because the mortgage had not been going for six months. I am about to ask for consent to let from Monmouthshire Building Society. Will they take the same stance?
  • If I were to apply for consent to let from Monmouthshire Building Society how long will it take to hear back?
  • I am interested in consent to let for my house mortgaged with Monmouthshire Building Society. How do I move forward? Do I have to contact Monmouthshire Building Society and get them to agree?
  • What, if any, income criteria do Monmouthshire Building Society set for consent to let on an existing homeowner mortgage?
  • How likely is it that Monmouthshire Building Society force me into a consent to let product while I'm in a fixed rate product for 2 years?