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.

Recently asked questions relating to Newbury Building Society consent to lease

  • I've got an existing homeloan with Newbury Building Society coming up to 18 months and the fixed rate is due to expire. We are thinking of taking equity from our existing address to allow us to buy a bigger house and then rent out the current ground floor flat. We were originally informed that we should look for a new domestic mortgage allowing for consent to let - what does this mean?
  • Me and my sister and I may need to rent out our home for a while due to a career opportunity. As we will be away for no more than twelve months would we need a consent to let our house. We already have a Newbury Building Society mortgage. Is there any criteria for consent to let that the property or individual has to meet?
  • As a result my job, I am in a position where I anticipate that Newbury Building Society will issue me with Consent to Let from day one of owning a property. I currently intend to purchase a property locally and lease it out, I will remain in the house that is provided (rent payable) by my employer. As I will be renting out the property I will obviously have to complete a Self Assessment Tax Return, but I just want to check that although it is my only property (and it is not on a BTL mortgage), will I still be able to claim Tax relief on the interest on the loan and the expenses of leasing out the property. I can only find advice for those with a buy-to-let mortgage, but mine will technically not be B2L.
  • I applied for consent but was refused as I did a remortgage in September 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 other criteria that will not be ok. On the other hand I can remortgage with Newbury Building Society but will they give me consent straight away?
  • I would like to understand what are acceptable reasons for leasing a property when it comes to seeking consent to let from Newbury Building Society? Are you able to assist?
  • I have split up with my ex and we have each moved into our parents house and intend to divorce. What do I have to do to get Newbury Building Society to give consent to let the property out to tenants?
  • We have a letter to Newbury Building Society requesting consent to let signed and ready, but I'm not sure what address I should forward this to. Can you please help me with the address?
  • Is it the case that a prior extension to a mortgage term with Newbury Building Society be held against us once we sought consent to let from Newbury Building Society.