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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.

New Life Mortgages consent to let: Q and A’s

  • I am employed by letting specialists in loc and a potential tenant for the house has demanded evidence of the ‘consent to let’ from the owners lender New Life Mortgages. Is this a new type standard inquiry?

  • A friend of mine has been renting her house from the same landlady for almost one and a half years. Over the course of the last six months my friend has received letters from New Life Mortgages (she hasn't opened them-it is clear from the envelope). At first she reposted them to the landlord’s address. I was a bit suspicious as none of the landlord’s mail was supposed to be going there. I decided to go to my friends house and phoned New Life Mortgages on her behalf. The gentleman I spoke to at New Life Mortgages asked all sorts of questions, the landlady's name her current address, information on the tenant and then said they were going to investigate whether she could legallylet out the house or if it was an offence without consent to let. What does this mean for my friend?
  • Hounslow residence worth £250k. Remaining mortgage £32k with 8 years to run. Seek consent to let via New Life Mortgages for current apartment and make use of rent to pay off remaining of mortgage. Apply for 70 per cent New Life Mortgages loan on further premises that I will consider to be my main address? Any reason not to do this?
  • For two years now I have been with New Life Mortgages and have just re-fixed the mortgage rate. The LTV is around 30%. Unfortunately we need to move into my mum’s home to care for her, it would preferable to lease our house out - do I need to seek consent to let from New Life Mortgages and is it likely to be expensive?
  • I am looking to New Life Mortgages to issue me with consent to let out my home in Croydon. I am moving to Germany for Six months for work.
  • My OH is considering placing an offer on a new property in Hillingdon and is getting a good deal as it needs renovating. We want to rent our current property for two years and then return. Will I be granted a consent to let by New Life Mortgages?
  • I got a standard homeloan with New Life Mortgages. I acquired the property in March two years ago. How difficult will it be to get consent to let.
  • What are the implication if a borrower has already rented out the property for some years as an HMO and now want to go legit with New Life Mortgages by getting consent to let ? (assume New Life Mortgages had already issued a residential mortgage previously)