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

  • Just wondered if Newcastle Building Society choose to operate a right to put a loading on my interest rate on a residential mortgage where the lender has granted Consent to Let at any time, onto ‘rates in line with their Buy to Let range'?

  • I have a mortgage with Newcastle Building Society on a property and I am intending to find a tenant for it out and rent an alternative property as a result of changes in personal circumstances - I want to move to a different location, and to live in a bigger property with my partner. I applied for consent to let and yesterday got a response refusing because they determined that I want to invest. I as at a loss as to what my options are. I find myself at risk since I already have rented a new house and am faced with paying both Newcastle Building Society and rent payments, which could expose me financially. The matter needs to be resolved soon because a potential tenant is waiting
  • I have an offer accepted to buy a house, we have a deposit of between 10-15% for a standard mortgage with Newcastle Building Society. The small problem is we may leave the country in three months for work. We are going through our financial adviser. She says if you tell this to the lender up front we will need to get a buy to let. Do go ahead with residential mortgage with Newcastle Building Society, in a couple of months ask them if we can have consent to let? Otherwise, do we try and contact Newcastle Building Society at this point and reveal there is a chance we will move abroad in the future (I have not signed anything as yet to move abroad) and see if they agree before hand that it wouldn't be an issue
  • I am planning to apply for consent to let from my current mortgage lender Newcastle Building Society. A colleague of mine said that she was given ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an AST. Can you explain what this is?
  • I have to send the consent to let form by courier and wanted to know if Newcastle Building Society have a regular mailing address I can use as couriers ordinarily will not accept deliveries to PO Box addresses.
  • My mortgage company wont issue consent to let without a move in date confirmed with a tenant. How can I confirm this without consent to let? I am not sure but I think my friend had a similar issue with Newcastle Building Society.
  • Should I decide to apply for consent to let from Newcastle Building Society what is the time scale Newcastle Building Society would take to make a decision?
  • We would like to lease out my house to be closer to my daughter's uni and look after of my father. What do I need for the application of consent to let from Newcastle Building Society?