Need Help?

Need professional advice for your consent to let with Newbury Building Society? 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 Newbury Building Society consent to lease

  • In what circumstances will consent to let for a property be issued via Newbury Building Society? For what period of time do you have to have had the mortgage before consent to let can be granted by Newbury Building Society? By way of background we are moving abroad for a year and a half with my wife’s work and will need to rent our property. I would be looking at securing consent to let initially in order to put a tenant in it to cover the expense of the Newbury Building Society mortgage.
  • My partner and I intend to let out our flat in Haringey which is on a homeowner mortgage with Newbury Building Society . Clearly I will seek a consent to let. Assuming there is a charge for the consent to let can this amount also be categorised as a deductible expense on my self assessment form to the tax authority?
  • I want a bit of precautionary insight as to whether consent to let is a sensible proposition. I bought my flat 6 months ago by porting an existing Newbury Building Society mortgage product. My fixed rate finished four months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Newbury Building Society, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to change to a buy to let mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to come up with extra capital to satisfy the 65% LTV ratio required for a buy to let mortgage. Ideally I would like to get a consent to let from Newbury Building Society for 1-2 years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, move back to it.
  • How long do I need to have a further advance from Newbury Building Society before I can get consent to let. Can I speak with a member of your team to discuss my options please?
  • My marital situation has changed, and I wish to rent my home out - meaning consent to let- I have about £200K loan with Newbury Building Society and currently 100k equity I need to side-step the early repayment fees.
  • Just looking for some information. I currently have a mortgage in place with Newbury Building Society. I have been given approval to temporarily rent out my GFF from the freeholder of the block and they asked for a copy of the consent to from Newbury Building Society.
  • Please can you provide me with details of how to proceed with gaining consent to let from Newbury Building Society and what, if any, fees apply.
  • What are the changes that Newbury Building Society force me into a consent to let product whilst in a fixed rate product for twenty four months?