Need Help?

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.

Frequently asked questions relating to New Life Mortgages consent to lease

  • Is consent to lease required from New Life Mortgages or can I rent out my garden flat without telling New Life Mortgages and having to switch to a buy-to-let loan?

  • I am a FTB looking to purchase a detached house in New Life Mortgages. I have a good size deposit and expect a mortgage from New Life Mortgages. My concern is that my partner owns a apartment in Slough and I hope to be moving in next year, when I would have to let out my house. I understand that consent to let is required but it does not sound like a guaranteed option. Can you offer any advice?

  • Finding myself in a pickle with a Consent to Let mortgage. Reacting to my requisition for consent to let my lender has requested evidence of an executed tenancy agreement prior to issuing consent. Is is not the case that if I adhered to their request that I would be breaching the lender’s terms and conditions?

  • Much to my surprise I have just been presented with a once in a lifetime career opportunity for eight months in New York. I do have sufficient money to cover the monthly New Life Mortgages mortgage yet the buildings insurance stipulates that the property must be occupied in order to be valid. Last winter the roof was damaged but repaired. If there happened to be any problems in the winter months I would struggle to afford remedial works. Will I qualify for consent to let from New Life Mortgages for a limited period?
  • My partner and I would like to lease out my home. Do I simply post a letter to New Life Mortgages asking for consent to let out the home?
  • Me and my husband and I would like to obtain consent to let on a house where we have a mortgage with New Life Mortgages. If granted, how long would consent be given for? In asking for consent to let from New Life Mortgages are we running the risk of them forcing us to change deal to buy to let
  • I was just wondering how to get consent to let from New Life Mortgages...do I call them or apply formally in writing to them?
  • What, if any, income requirements do New Life Mortgages set for consent to let on an existing standard mortgage?