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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

  • I obtained consent to let from Newbury Building Society three yrs ago but failed to need it and have since refinanced with another mortgage provider. I recently sought for consent to let. I was informed that it would be given since I met the criteria. Yet recently received a letter advising me that I must provide a letter from the DWP evidencing that that are aware of my current situation before they can provide consent. They said this is policy but I have not been able to find these conditions on their site. I did complain about the insinuation that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £25 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to continue with them
  • A year ago my lender (not Newbury Building Society) issued 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 remaining 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 canceled .
  • Where can I find the Newbury Building Society consent to let form on this webpage I couldn't find it on the web.
  • I applied for consent but I did not get it as I did a remortgage in July but Woolwich does not give consent if mortgage is less than 6 months old. Now I am worried when 6 months is gone are they going to find some additional criteria that will not be ok. As a backup plan I can remortgage with Newbury Building Society but will they give me consent straight away?
  • I was just curious as to whether Newbury Building Society would give consent to let and what kind of fees, penalties and rate increase etc
  • I am looking to Newbury Building Society to grant consent to let out my studio flat in Sutton. I am travelling for a year
  • Do you know whether Newbury Building Society will accept rental income on consent to let for affordability purposes or does it need to be on a buy to let ? Would Newbury Building Society let me raise capital based on the rental revenue ?
  • I am going away for work for as long as a year... I was wondering if I was able to gain from Newbury Building Society consent to let the house out while abroad as I am reluctant to leave it unattended for that period