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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.

Recently asked questions relating to Newcastle Building Society consent to lease

  • I am planning to contact my lender Newcastle Building Society explaining the following logic for my request for consent to let ; "I am struggling with the mortgage and thinking about a to move back with my parents but can't sell. I am worried by failing to make payments and have thought about returning the keys. If I had consent to let that may solve things." Is this likely to convince them to grant me consent to let?
  • Eighteen months ago my wife and I bought our council flat, in SW London,recently valued at £200k. It was paid for in full from our own funds, unencumbered. We can't sell (without repaying back a significant amount of the discount) before 5 years have passed. Regardless, we would like to keep it as a investment property to lease out. We are considering taking out a mortgage with Newcastle Building Society. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. is this something you can help me with?
  • I currently have a mortgage offer with Newcastle Building Society. I anticipate that I will complete in the next few weeks, however I may potentially be posted abroad for work. How feasible is it for me to get consent to let from Newcastle Building Society within a few months of completing. Do I have any other options?
  • I want a bit of precautionary guidance to consider if consent to let is a viable proposition. I completed the purchase of my apartment 6 months ago by porting an existing Newcastle Building Society mortgage product. My fixed rate expired three months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Newcastle Building Society, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to transfer to a buy to let mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a viable option for myself and 2) I need to come up with additional capital to meet the 65% LTV ratio required for a buy to let loan. It would be preferable to receive consent to let from Newcastle Building Society for a couple of years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • We are looking at new mortgages and also exploring the possibility of renting the property in the years to come - Is there a cost with Newcastle Building Society to obtain a consent to let and what are the requirements?
  • I am looking to place my residential property on rent due to work commitments and was curious if this is possible to negotiate consent to let. It is on a fixed rate mortgage with Newcastle Building Society at the moment until 2018 November
  • I currently have a residential mortgage with Newcastle Building Society and plan on letting due to work being based in Bristol. In seeking consent to let from Newcastle Building Society do I run the risk of them forcing me to change deal to buy to let
  • Will Newcastle Building Society grant consent to let my flat? I currently have a homeowner mortgage, never had arrears and have been with Newcastle Building Society for a little under four years now. What fees am I likely to incur