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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.

Top Five Questions relating to Newbury Building Society consent to lease

  • I have been letting out my flat with "consent to let" from Newbury Building Society on a residential mortgage for the previous two years. Newbury Building Society have put forward an ultimatum revoking consent to let unless we switch to one of their "buy to let" mortgages.

  • What do I do if my application to obtain consent to let is rejected by Newbury Building Society?

  • My granddaughter is going to work overseas for three years and wants to let her apartment out. She has a Newbury Building Society fixed rate mortgage on repayment and wants consent to let the property as well as switch to interest only. What does she need to do?
  • I may have the chance to go and work overseas in a couple of years. I am therefore potentially downsizing to a newer flat in Camden which I could rent out with less difficulty when the time comes. I would aim to keep half the equity in the new property which would be my home for a while. My current lender limits consent to let for a year. I suspect renting it out longer term and not having consent could land me in a whole host of legal issues. Buy-to-let seems inappropriate given that I will be living there, perhaps for 2-3 years initially. What type of mortgage do I ask for, and from whom? Do lenders such as Newbury Building Society provide consent to let for a longer period?
  • Just curious as to whether it is possible if you own one property with consent to let from Newbury Building Society, to purchase a second with a homeowner mortgage to live in. Then once the consent expires on the first property, to switch to buy to let or sell it?
  • My fixed rate loan with Newbury Building Society ends in September and have to move with work soon after. What are the chances that I will be able to both remortgage and get consent to let?
  • I was just wondering how to obtain consent to let from Newbury Building Society...do I call them or apply formally in writing to them?
  • My brother and I have four months to run on a 2 year residential mortgage with Newbury Building Society but now let the house out. is it safe to assume they will just charge a set fee for consent to let?