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Need professional advice for your consent to let with Newbury Mortgage Services Ltd? 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 Mortgage Services consent to let

  • My friend has let her house off the same landlord for almost 18 months. Over the last six months my friend has been getting letters from Newbury Mortgage Services (she hasn't opened them-it is clear from the envelope). At first she reposted them to the landlady's address. My suspicions were aroused as none of the landlord’s post was supposed to be going there. I decided to go to my friends house and phoned Newbury Mortgage Services on her behalf. The lady I spoke to at Newbury Mortgage Services asked all sorts of questions, the landlord’s name her current address, the tenant's details and then said they would look into whether she could legallylet out the property or if it was an offence without consent to let. Should my friend be worried?
  • I have a mortgage with Newbury Mortgage Services. I wanted to buy a second house and my mortgage broker recommended I seek consent to let. I was under the impression that they would only grant consent to let if I have the intention to move back into my current property. Did I get accurate advice?
  • My wife and I have a residential mortgage with Newbury Mortgage Services. I have been offered a house as part of my job and would like to rent out my current home. My mortgage advisor seems confident that it is a formality. Are you able to provide me with some information please?
  • My boyfriend and I (co-owners) are in the process of moving our mortgage to Newbury Mortgage Services. I was conducting some research concerning consent to let from Newbury Mortgage Services to understand the rules around potentially renting our existing apartment out (probably in a year or 2) if we moved away. The property in question was a first-time purchase for us about 2 years ago. We are living there now.
  • I'm soon to switch mortgage provider to Newbury Mortgage Services for a fixed rate but during this period would need to rent the apartment out for just under one year. Do Newbury Mortgage Services consent to let on fixed rate home loans and if so, what are the procedures.
  • Do I need consent to let if I let to a family member (in my situation my father now lives there and contributes towards the Newbury Mortgage Services mortgage)?
  • I currently have a residential mortgage with Newbury Mortgage Services and plan on letting due to work being based in Manchester. In seeking consent to let from Newbury Mortgage Services do I run the risk of them forcing me to change deal to BTL
  • Will I need consent to let from Newbury Mortgage Services if I am planning to live in the property myself for three months of the year? Furthermore if I obtain consent to let for a period of time, say up to twelve months, what happens after that.