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.

Sample questions relating to New Street Mortgages consent to let

  • My fixed rate mortgage is nearing reissuing with New Street Mortgages. I have had the property rented out for a two years and I now realise that I need to notifyNew Street Mortgages. I understand that I must apply for consent to let, but since the property has previously been rented out could they refuse - force me to go onto a BTL product or even apply a penalty? I have over 25% equity in the house - and the rent will more than cover the mortgage.
  • Please can you give me some more detail on what the procedure is for applying for content to let, what do I need to do. I am thinking about taking a New Street Mortgages mortgage on a £350,000 house later this year. The intention is to hold the house as a second home but I need to consider what options are open to me to let the property in the future. If our circumstances were to change the property would either be sold or let out.
  • I have been granted consent to let by New Street Mortgages for some time now yet they now want to speak with me and I expect their motivation will be to get rid of me. Are you able to assist?
  • We have an offer accepted to purchase a property, we have a deposit of between 20-25% for a homeowner mortgage with New Street Mortgages. The one concern is we may leave the country in three months for work. We are going through our financial adviser. She says if you tell this to the lender up front we will need to get a buy to let. Do go ahead with residential mortgage with New Street Mortgages, shortly thereafter seek consent to let? Otherwise, do we try and speak to New Street Mortgages now and disclose there is a possibility we will move abroad in the future (I have not signed anything as yet to move abroad) and see if they confirm before hand that it wouldn't be an issue
  • We are about to buy a property and plan to live in it once we have renovated but we may need to let the property out but not sure what the criteria is for consent to let from New Street Mortgages? We don't require a buy to let mortgage because we are not certain if we will need to let it out at all
  • My wife and I want to let our house out and use the rental income to pay rent on a house in Harrow. What are the chances of being given consent to let by New Street Mortgages without being forced onto a BTL product.
  • What, if any, income requirements do New Street Mortgages set for consent to let on an existing standard mortgage?
  • I have a mortgage with New Street Mortgages. I am considering moving out and leasing out my property. Am I required to obtain consent to let ?