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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.

Common questions relating to New Street Mortgages consent to lease

  • I acquired a terraced property in 2007 for 175,500 with New Street Mortgages. I got married to someone in the forces so moved in to married quarters in Cyprus and realise that I need to apply for consent to let from New Street Mortgages. Do you have any experience of consent to let from New Street Mortgages?

  • I have a residential mortgage over my property in loc and intend to move to country for two years. During this time frame I want to lease out my house. My bank has declined to grant me consent to let. I wish to avoid taking out a buy to let mortgage as it’s only a short term option that I am going away for.

  • My brother and I are presently one year into a year fixed rate mortgage with New Street Mortgages. We would like to purchase a more substantial 2nd property in the coming months however would like to retain the first property and I was wondering what reason we could put down on the consent to let application to obtain consent to from New Street Mortgages
  • Is it possible that mortgage providers (I have a mortgage with New Street Mortgages) have changed tune and are now taking a more accommodating approach towards consent to let? A mortgage adviser suggested that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I move from a homeowner to a Buy to let I am moving to a regulated product. His belief was that under the current regulation banks are wary of letting customers do this, which is likely why some lenders will let borrowers obtain consent to let but not swap to a BTL product. Is he correct?
  • If I have an existing normal mortgage with New Street Mortgages and am planning to rent it out in the future will I be given consent to let? What is the procedure and what needs to be done next?
  • Was wondering how to precure a consent to let from New Street Mortgages who I have a mortgage with. There is a remaining balance of 47k. The value of house is 245k. Property is in my name but my wife and I would like to purchase a maisonette in Croydon we have seen together. How do we go about this?
  • I have a mortgage with New Street Mortgages taken three months back where I moved from another lender. Can I now rent my property with consent to let from New Street Mortgages as I am planning to buy another property.
  • I got a standard mortgage with New Street Mortgages. I purchased the property in July last year. Is it possible to get consent to let.