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.

Top Five Questions relating to Newcastle Building Society consent to lease

  • My partner and I may need to lease our Havering home temporarily due to a new job. This will be short-term but perhaps for 4 years. Should I tell Newcastle Building Society or am I best advised to remain silent?

  • In what situations will consent to let for a property be given from Newcastle Building Society? For what period of time do you have to have had the mortgage before consent to let can be granted by Newcastle Building Society? In order to give you some history I am a young lawyer in a house purchased a few months ago. The ideal job offer requiring moving to Ealing on a permanent basis has come up. I am looking at procuring consent to let initially with a view to put a tenant in it to cover the expense of the Newcastle Building Society mortgage.
  • How straightforward is it to obtain consent to let with Newcastle Building Society. I am considering fixed deals and plan to reside at the property but want to understand my options if work has opportunities elsewhere for example in 2 or 3 yrs Could you let me know generally how receptive Newcastle Building Society are regarding consent to let?
  • Earlier this year I let out my three bed flat and have gained a Consent to Let with my mortgage company. Six months have now gone by and they have increased my mortgage rate as previously advised. I am unwilling to port to a preferable product with them, as they will remove my consent to let. If I was to go with an alternative provider for instance Newcastle Building Society, would I be required to obtain a BTL mortgage or could I simply remortgage and ask for further consent to let?
  • How simple is it to get a consent to let from Newcastle Building Society and what are the fees? If I want to let out my property for a couple of months how simple is it to chop and change between a residential mortgage and consent to let?
  • The prevailing mortgage is with Newcastle Building Society, but I am going to move out for about 12 months as we need to be nearer to my partner's parents. Will Newcastle Building Society grant consent to let?
  • We are about to buy a place and plan to live in it once we have renovated but we may need to let the property out but not clear on what the rules are on consent to let from Newcastle Building Society? We don't require a buy to let mortgage because we are not certain if we will need to let it out at all
  • We are looking in more information regarding consent to let from Newcastle Building Society. Would a valid reason be issues with neighbours and the house is too big for me to run at this moment in time?