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Need professional advice for your consent to let with Newbury Mortgage Services Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Questions and Answers: Newbury Mortgage Services consent to let

  • I have let out my one bedroom apartment in Waltham Forest for the previous 20 months, and I had not appreciated that I required consent to let. I would like rectify the situation. Would this be an issue?
  • I purchased a house in 2008 on shared ownership basis, I own half via mortgage and rent the other percentage. In December 2014 I bought a new property. I let out my first property and moved to the new property. I obtained consent to let from my mortgage company and I was under the assumption I had consent to let from the housing association. Earlier this week I was contacted by the housing association advising they had nothing on record indicating I had their permission to sublet. What are my options?
  • I am just about to receive a mortgage offer from Newbury Mortgage Services for a garden flat. I have applied via a broker. It is a capital and interest mortgage. I am curious as to what is the main criteria Newbury Mortgage Services adopt in order to grant borrowers consent to let? Is consent to let based on the rental amount for a property?
  • I'm nine months into a two year fixed mortgage with Newbury Mortgage Services. The LTV is only 40%. I've got what I think is a really good deal on a maisonette in Enfield which I don't want to miss. It seems the only way I can get this other property is to release most of the remaining equity. I would let the current home which would adequately cover the mortgage with Newbury Mortgage Services. Can I get a consent to let from Newbury Mortgage Services and ask for additional borrowing after it's rented?
  • I am endeavouring to figure out which mortgage providers are best for allowing consent-to-let without hiking up rates, and hopefully permitting in excess of two years where required. Is that something you can help with? We are particularly interested in Newbury Mortgage Services
  • Can I remortgage with Newbury Mortgage Services with consent to let if my fixed rate is reaching it’s end. Circumstances would not have changed.
  • I am planning on moving inside the next nine months and would like to rent my property out. My current rate is fixed with Newbury Mortgage Services. I am concerned that a 1% increase would be too much if that was a condition of receiving consent to let
  • My wife and I spoken to someone at Newbury Mortgage Services about switching our current mortgage to consent to let (the existing two year fix expires in spring 2016). Can I just confirm that I need to formally put the request in writing setting out our change in circumstance to Newbury Mortgage Services? Where do I need to send the letter to?