Need Help?

Need professional advice for your consent to let with Newcastle Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Newcastle Building Society Consent to Lease Example Support Desk Enquires

  • I would like to let my current residence and want to acquire a bigger house for the family. I have a fixed rate mortgage with Newcastle Building Society. On the basis I get the consent to let as I understand lenders are more than likely to push me towards getting BTL mortgage when the fixed term comes to an end. Could I refinance after two years with an alternative lender? Will it have to be buy to let mortgage and not a domestic mortgage?
  • We are expecting any day now a mortgage offer from Newcastle Building Society for a leasehold property. I have applied via a broker. It is a capital and interest mortgage. I wonder what is the main criteria Newcastle Building Society adopt in order to grant customers consent to let? Is consent to let based on the rental yield of a property?
  • I'm one year into a two year fixed mortgage with Newcastle Building Society. The LTV is just 35%. I've identified a really good deal on a two bedroom first floor purpose built maisonette in Newham which I don't want to miss. It appears that the only way to purchase the other property is to take out some good chunk of equity. I'm thinking of letting the current property which would more than cover the homeloan with Newcastle Building Society. Can I get a consent to let from Newcastle Building Society and ask for additional borrowing after it's let out?
  • We have a residential mortgage with Newcastle Building Society that we are having difficulty negotiating consent to let due to being in Dubai and renting out the apartment a few years ago without their consent which was an inadvertent error by us. We have a <45% LVR and have been making overpayments of £500pm for 6 years so there are no arrears. We would happily switch onto a BTL mortgage with Newcastle Building Society at a jacked up rate however we haven't been given that as an option.
  • How do I go about being given consent to let by Newcastle Building Society? Are there certain policies such as you have to have owned the property for over 6 or 12 months before its granted?
  • I am hoping to fix my residential mortgage with Newcastle Building Society but as a result of my job I may have to live abroad for few years. Will Newcastle Building Society allow and give consent to let and will any penalties be applied in such circumstances
  • Will I need consent to let from Newcastle Building Society if I am planning to reside in the property myself for half of the year? In addition if I receive consent to let for a period of time, say up to 2 years, what happens after that.
  • Me and my partner and I have four months to run on a two year residential mortgage with Newcastle Building Society but now rent the property out. Can I assume they will simply charge a set fee for consent to let?