Need Help?

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.

Top Five Questions relating to Monmouthshire Building Society consent to lease

  • I have been granted consent to let from Monmouthshire Building Society for some time now but they now want to speak with me and I suspect their plan will be to get rid of me. Are you able to assist?
  • I have a studio flat in Lewisham let out which has a seventy year lease. Mortgage adviser suggested I should refinance (currently with Monmouthshire Building Society) as a buy to let rather than consent to let and release 65-70k which on top of a new mortgage based on income multiples would give me a budget of £210k. Not much about in Sutton for me to buy my own property. A lease extension will be approximately 19k. Lease out with consent to let or sell the flat?
  • My mortgage is with Monmouthshire Building Society and wonder if I am required to notify them if we no longer live in the property. I fear that they may bump up the interest rate if we move and find a tenant but it's not very obvious what the increase would be. Should I decide to lease my property out and seek consent to let how would the payments change?
  • We are currently in Hong Kong and letting out our property in Waltham Forest. This was unplanned but an opportunity arose and we took it. The rent we make on the flat is not enough to cover the mortgage so we transfer money each month to make up the difference. Anyway this morning our lender got in touch telling me that because the property is being let out and has been for nearly four years we will have to pay 1.5% interest in addition to our current mortgage rate. One option is to sell the apartment but this will not be easy as I am so far away. Would it be possible to remortgage with Monmouthshire Building Society and get consent to let?
  • My husband and Iwant to rent out the family home and buy other. Can Monmouthshire Building Society refuse to grant me consent to let?
  • When it comes to consent to let from Monmouthshire Building Society am I supposed to inform them each time we get a new tenant and post them a duplicate of the AST?
  • I am looking to place my residential property on rent due to work commitments and was wondering if this is possible to get consent to let. It is on a fixed rate mortgage with Monmouthshire Building Society until 2018 October
  • Just looking for some help. I already have a mortgage in place with Monmouthshire Building Society. I have had approval to sublet my apartment from the managing agents and they asked for a copy of the consent to from Monmouthshire Building Society.