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Need professional advice for your consent to let with New Life Mortgages Ltd? 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 New Life Mortgages consent to lease

  • Under what circumstances will consent to let for a property be issued from New Life Mortgages? For what period of time do you have to have had the mortgage before consent to let can be obtained from New Life Mortgages? By way of background we are moving abroad for a year and a half with my husband's work and will need to rent our house. I would be looking at applying for consent to let initially with a view to put a tenant in it to cover the costs of the New Life Mortgages mortgage.
  • I have a residential New Life Mortgages mortgage and am looking to procure consent to let as I wish to move to another home belongings to me. It seems you can help. How do your fees work for this service?
  • I have a current mortgage contract with New Life Mortgages and wish to clarify if it would be possible to obtain consent to let out our garden flat in Hillingdon.

    The purpose for wanting to find tenants for the property are are due to: -

    • My family and I will be migrating to Hong Kong in 3 months.
    • By renting out the house this will enable us to make some savings to help the migration process.
    • It would be pointless from a fiscal point of view to pay off the mortgage for a property which we are not living and by letting out the home this would be viewed as an ongoing investment.

    If New Life Mortgages granted permission to us for renting we would propose some financial assurances which are as follows: -

    • Maintain paying the monthly mortgage payment directly from my bank account.
    • Instruct an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Supply our forwarding address for when we emigrate.
  • My partner and I are planning to use equity in my existing house to purchase another property which I propose to live in whilst I renovate it. I would like to rent my first property with the New Life Mortgages mortgage. I was just seeking a general view on whether New Life Mortgages currently allows consent to let? House is worth £350 k with a £150k mortgage in place.
  • I would like to know if I have a normal mortgage with New Life Mortgages and decide to let it out, does the rate increase and are there any additional fees for obtaining consent to let.
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with New Life Mortgages. My property is worth approx £200k and owe £85k on it. Do you think New Life Mortgages increase my interest rate?
  • I wish to apply for consent to let from my lender New Life Mortgages to rent out my flat. I am potentially moving in with mypartner. Do New Life Mortgages allow consent to let in these circumstances?
  • What, if any, income criteria do New Life Mortgages set for consent to let on an existing standard mortgage?