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.

Recently asked questions relating to New Street Mortgages consent to lease

  • Will New Street Mortgages choose to operate a right to put a loading on my interest rate on a residential mortgage where Consent to Let at any time, onto ‘rates akin to their BTL range'?

  • Last year my wife and I purchased our council flat, in Southwark,recently valued at £220k. It was paid for in full from our own funds, unencumbered. We can't sell (without repaying back a significant amount of the discount) before 5 years have expired. Regardless, we want to hold onto it as a investment property to rent out. We wish to release some equity via a New Street Mortgages mortgage. If New Street Mortgages refuse are there lenders that will allow this and grant consent to let?
  • My fixed rate mortgage with New Street Mortgages ends 8th May. I am about to relocate to Manchester for my company in this winter. I wish to lease out the house in the short term. Can I get a consent to let the property?
  • I have a self contained flat attached to my house that my father has vacated. As my property is large I was thinking to move into the annex and rent the remainder out. This is also due to change in my personal situation. Would I require consent to let from New Street Mortgages?
  • We are about to buy a property and plan to live in it once we have refurbished but we may need to let the property out but not clear on what the rules are on 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
  • Do you know whether New Street Mortgages will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would New Street Mortgages let me raise capital based on the rental revenue ?
  • I am thinking of moving in with my girlfriend at her home and would like to rent out my property that I bought ten months ago, I'm just not sure of the process as my property is my first home. What do I need to do to gain consent to let from New Street Mortgages If I obtain consent will my mortgage payments rise?
  • We need to contact New Street Mortgages to enquire about letting out my property. Will they send a form to me. Is there a form I can download?