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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.

Questions and Answers: Newbury Building Society consent to let

  • What is the difference between consent to let and changing to a buy to let mortgage? Also is the property subject to Capital Gains Tax if sold?
  • Are you able to give me some more detail on the consent to let process. I am thinking about taking a Newbury Building Society mortgage on a £140,000 property later this year. The aim would be to hold the house as a second home but I need to consider what options there are to let the property in the future. If our circumstances were to change the property would either be sold or let out.
  • We are a newly married couple and we found a property in Waltham Forest that we like and wish to get a mortgage with Newbury Building Society. My concern is that I am pregnant and might give birth any time soon as I am on my 9th month of pregnancy. This wouldn't make it impossible for us to move right away so we are considering living with our parents for the next few months. In the meantime, if we buy this property, we can lease it out. We just wondering how will that work out? Are we likely to obtain consent to let from Newbury Building Society
  • What information do Newbury Building Society require to have to make a decision on consent to let. I have a three year fix with them. I have a good track record of mortgage payments over several years. I am looking at moving to Brent due to surprising growth of family. I will be sticking with my existing job and my salary has increased by 15% since the mortgage commenced.
  • I want to rent the attic in my flat in Haringey. Do I require consent to let from my mortgage co Newbury Building Society?
  • I am already renting out my property but may have been found out. I have four months left on my fixed rate. Is it simple to get consent to let from Newbury Building Society. Is it just a five minute phone call, pay the charge and that's it?
  • Is consent to let a cheaper way of renting out your property? Isn't this a loophole for some borrowers to exploit?
  • What, if any, income criteria do Newbury Building Society set for consent to let on an existing homeowner mortgage?