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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.

Sample questions relating to Monmouthshire Building Society consent to let

  • I am between a rock and a hard place with a Consent to Let mortgage. Having sought consent to let my bank has requested evidence of an executed Assured Shorthold Tenancy as a prerequisite to granting consent. If I get a signed tenancy agreement would I not be violating the terms of my existing mortgage?

  • What information do Monmouthshire Building Society need to to determine whether to grant consent to let. I am on a two year fix with them. I have a good track record of mortgage payments over several years. I am planning a move to Westminster due to surprising growth of family. My financial circumstances have not deteriorated and in fact my salary has increased by 20% since the mortgage started.
  • Following retirement last year I purchased a “retirement home” for my wife and myself to move to. Our intention is to let our current property to our kids and I have consequently asked Monmouthshire Building Society for consent to let. I was just seeking a general view on whether Monmouthshire Building Society currently allows it?
  • Meeting with my IFA on Friday. I am going to apply for Consent to Let from my current lender Monmouthshire Building Society. My new property in Newham will be 80% LTV. Heard whispers that some lenders dont want consent to let borrowers and I may have issues regarding my new mortgage. Am I likely to encounter this problem?
  • I was just wondering if Monmouthshire Building Society were picky when giving out consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
  • I am trying to find out if it is possible to get a consent to let home loan with Monmouthshire Building Society rather than a buy to let mortgage
  • We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a 6 month thing before consent to let - does this apply to all lenders. Is there any way Monmouthshire Building Society would allow it from the start?
  • What are the implication if a borrower has already rented out the property for a number of years as an HMO and now wish to go legit with Monmouthshire Building Society by getting consent to let ? (assume Monmouthshire Building Society had previously issued a standard mortgage on it some time ago)