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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.

Monmouthshire Building Society Consent to Lease Example Support Desk Enquires

  • My mortgage is nearing refinancing with Monmouthshire Building Society. The property has been sub-let for a two years and I think I need to come clean toMonmouthshire Building Society. My understanding is that I can ask for a consent to lease, but since the property has previously been let out could they deny - require that I go onto a BTL mortgage and even apply a penalty? There is excellent equity - 30% LTV and have never missed any payments.
  • A year ago my building society (not Monmouthshire Building Society) gave me with consent to let. This was subject to a provision that every half year they would levy a fee of half a percent of the outstanding mortgage amount. Having the first few payments they have omitted to make the charge in recent months. Should I be worried that this means that my consent to let has been withdrawn.
  • Last month I was provided with a work opportunity overseas and considering whether it's worth renting my house out. Will Monmouthshire Building Society allow me to change mortgage or issue me with consent to let? Should it not be available I will have to think about whether I should accept the job. I wouldn't mind paying more as I intend to come back and move into my home after 1 to 3 years. I'm not doing it to to make money. Just really like my house and want to return to it at some point in the future.
  • How many months after taking out a new mortgage will a consent to let be likely to be given by Monmouthshire Building Society? To give some background I purchased my property in Tower Hamlets 2 years ago and am currently on a fixed term for 3 years. Not long after I met my partner and plan to move in together. I intend to get a better fixed term next July. I presume that I would have to wait at least half a year before I could seek consent to let. Is that correct?
  • How likely is it that I can keep my existing homeowner mortgage with Monmouthshire Building Society if I start renting out? If the consent to let is given will they tie me into an increased rate?
  • Just wanted to know what needs to be provided to Monmouthshire Building Society in order to get consent to let? I just finished a three year fixed mortgage and potentially moving to another property with my wife.
  • I have fixed rate mortgage with Monmouthshire Building Society. I may have to rent out my flat due to necessity. Were I to apply for consent to let, will I have to pay a lot more interest?
  • Are you able to shed light what the procedure would be if we move to a new home and need to get consent to let for our existing mortgage with Monmouthshire Building Society