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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.

Newbury Building Society consent to let: Q and A’s

  • Existing premises valued at £150k. Newbury Building Society mortgage owing £20k with seven years left. Obtain consent to let via Newbury Building Society for current residence and utilise income to pay off the last few years of the loan. Apply for 65 % Newbury Building Society loan on further house that becomes my main home? Can this be done?
  • Much to my surprise I have been offered an excellent job opportunity for eight months in New York. I have enough savings to cover the monthly Newbury Building Society mortgage yet the block insurance requires continuous residency in order to remain valid. Last winter the roof was damaged but repaired. If there happened to be any problems during the winter months I would struggle to cover the remedial works. Will I qualify for consent to let via Newbury Building Society for a limited period?
  • I intend to relocate to another property, I have been at my current house for eighteen months. Is there a minimum time to spend at a property before Newbury Building Society will give a consent to let?
  • I sought consent but was turned down 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 additional 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 let out a room in my flat in Waltham Forest. Do I require consent to let from my lender Newbury Building Society?
  • We have a consent to let letter that I have attained from my management company. I would think I need to attaching this with a letter to Newbury Building Society with a view to gaining consent to let from them. What address shall I mail it to?
  • I have Newbury Building Society mortgage and am thinking of leasing out the property. I understand I would require consent to let to do this...is that true ?
  • What are the implication if I have already let the property for a number of years as an HMO and now wish to legalise the situation with Newbury Building Society by getting consent to let ? (assume Newbury Building Society had already given a standard mortgage in the past)