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

Monmouthshire Building Society consent to let: Q and A’s

  • I have a homeowner mortgage over my home in loc and am due to relocate to country for a couple of years. During this period it would be ideal if I could lease out my flat. My lender will not provide me with consent to let. It’s hardly ideal to move to a buy to let loan as it’s only a short term option that I am abroad for.

  • Current premises valued at £125,000. Monmouthshire Building Society mortgage owing £20k with 5 years left. Get consent to let from Monmouthshire Building Society for current premises and use income to pay off remaining of the loan. Apply for 75 per cent Monmouthshire Building Society mortgage on new property that I will consider to be my main residence? Can this be done?
  • My husband and I have just sorted our rates for another fixed five years with Monmouthshire Building Society. Some weeks later, I went to an interview and basically I accepted the job offer in Camden. I'm going to rent a two bedroom flat for me and my family in Harrow as we don't want to sell the house and moreover we might come back within a couple of years.... We really have no idea whether it will work out. We have contacted Monmouthshire Building Society but we would appreciate your point of view please. How is it to receive consent to let in that case as we secured a fixed 5 years rate we would not want to change.
  • I vacated my flat about five months ago but didn't get around to get a consent to let letter, primarily because the mortgage fix rate period is ending next month and I am considering a remortgage anyway. I want to ask for consent now, is that going to be tricky?
  • I have a mortgage with Monmouthshire Building Society at the moment and just wondering whether Monmouthshire Building Society currently allows consent to let
  • Assuming that I was successful in obtaining consent to let from Monmouthshire Building Society, can I sell during the consent period? Is it possible that I would incur any penalties?
  • I have an cottage in our garden. Do we need consent to let this from Monmouthshire Building Society? If so, what is the process if I wish to switch my mortgage to consent to let?
  • I took a residential homeloan with Monmouthshire Building Society. I purchased the property in September two years ago. Is it possible to get consent to let.