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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.

Recently asked questions relating to Monmouthshire Building Society consent to lease

  • Due to problems with the area we live in (it's rough!), we are keen to relocate. As selling the house will trigger a hefty early repayment charges to Monmouthshire Building Society of £4000, we considered that it would be sensible to let it out. So, we need to obtain a consent to let from Monmouthshire Building Society only a year. Will Monmouthshire Building Society grant consent?

  • I purchased a mews house in 2013 for 175,500 with Monmouthshire Building Society. My husband’s job requires him to relocate to Gibraltar and appreciate that I have to apply for consent to let from Monmouthshire Building Society. Will they grant permission?

  • I have a current mortgage contract with Monmouthshire Building Society and wish to clarify if it would be possible to gain consent to let out our ground floor flat in Greenwich.

    The purpose for wishing to lease out the property are are due to: -

    • My family and I will be relocating to Cape Town early next year.
    • By letting out the property this will facilitate savings to help the migration process.
    • It would be pointless from a monetary point of view to pay outright for a property which we are not living and by renting out the property this would be considered as an ongoing investment.

    If Monmouthshire Building Society agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

    • Maintain paying the monthly mortgage payment by standing order.
    • Use an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Provide our forwarding address for when we emigrate.
  • I have been serving in the armed forces for three years and intending to buy a house using a Monmouthshire Building Society mortgage. I would like to obtain consent to let this house to my sister. In years to come I would reside in the property with my family when my military career comes to an end. Is this feasible?
  • Do you specifically address enquiries regarding Monmouthshire Building Society or all of them?
  • My partner and I have a Monmouthshire Building Society home loan currently and potentially want to let it out for a short period of time with consent from Monmouthshire Building Society for (1 year). Just wanted to know is it something that is obtainable relatively quickly?
  • We have a mortgage with Monmouthshire Building Society at present and just enquiring whether Monmouthshire Building Society currently allows consent to let
  • Is there leeway in the accepted equity amount before switching from a current Monmouthshire Building Society mortgage to a consent to let?