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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 intend to let out my flat to some tenants who have asked me for a copy of my ‘consent to let’ from Monmouthshire Building Society, my mortgage lender. Is this standard practice? My letting agent cannot offer an explanation, can you?

  • I am 3 years into a five year fixed rate mortgage and have accepted a job abroad so wish to let my flat for 2 years. My L2V is in the region of 50%. Can you tell me if Monmouthshire Building Society will increase my interest for consent to let for two years?
  • I have a Monmouthshire Building Society mortgage with my twin and want to vacate and get a new mortgage with my partner. How do I proceed with taking in a lodger? Would I need consent to let by Monmouthshire Building Society? My twin will remain in the flat
  • How long after getting a new mortgage do I have to wait before I can seek consent to let from Monmouthshire Building Society? By way of history I purchased my apartment in Westminster 2 years ago and am currently on a three year fixed rate. I since met a guy and plan to move in to his place. I am planning to get a better fixed term next December. I assume that I would have to wait at least half a year before I could seek consent to let. Is that right?
  • We are having to relocate to Australia for a couple of years for my job but I don't want to convert the mortgage to BTL as I want to move back into it when I return. Do you know if Monmouthshire Building Society charges additional interest? Is there any work around?
  • Monmouthshire Building Society. Will they grant consent to let a property for a couple of years? I will move back in again as a resident.
  • How much of my mortgage allowance will be made available to draw down on if I switch my mortgage to a consent to let with Monmouthshire Building Society?
  • We have a owner-occupier mortgage with Monmouthshire Building Society and are deliberating on obtaining consent to let so that we can apply for a further mortgage on another property that I own on a buy to let basis. Before we apply it would be helpful to know the consequences of making the change and any facts that we need to be aware of.