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.

Sample questions relating to Newcastle Building Society consent to let

  • What information do Newcastle Building Society need to have to make a decision on consent to let. I am on a 2 year fix with them. I have never been in arrears. I am looking at moving to Hackney due to surprising growth of family. My financial situation has not changed and in fact my salary has increased by 20% since the mortgage started.
  • I previously took a mortgage with Newcastle Building Society and the LTV is currently 60% with the Newcastle Building Society current book value and I'm looking to buy a further property but do not want to sell my current property at the current market value. I have had CTL from Northern Rock on a previous property so know a bit about them and I also have buy to let with Accord on another property. Does the expected rental income on a consent to let with Newcastle Building Society need to exceed the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly cost.
  • What is the maximum period of time allowable to Newcastle Building Society that I would be able to let my property without having to change mortgage or sell my property? Essentially, my boyfriend would like me to move in with him and I really want to hold onto my house. I would like the fallback of knowing I still own my own home.
  • How long after taking out a new mortgage do I have to wait before I can seek consent to let from Newcastle Building Society? To give some background I purchased my flat in Camden 2 years ago and am currently on a three year fixed rate. I since met my partner and plan to move in to his place. I am planning to get a better fixed term next July. I presume that I would have to wait at least half a year before I could seek consent to let. Is that correct?
  • Iwant to rent out our home and purchase another. What do I need to show Newcastle Building Society to obtain consent to let?
  • What is the longest period that Newcastle Building Society is willing to grant me the Consent To Let for?
  • I plan to purchase a new house but can't afford to sell my current property with a Newcastle Building Society mortgage. Do you know acceptable terms for Newcastle Building Society to grant consent to let? Is getting married and having children a good enough reason to to ask for consent to let?
  • Just looking for some advice. I currently have a mortgage in place with Newcastle Building Society. I have been given licence to temporarily rent out my apartment from the freeholder of the block and they asked for a copy of the consent to from Newcastle Building Society.