Need Help?

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 a standard mortgage over my home in loc with the intention of relocating abroad to country for two years. During this time it makes financial sense to let out my house. My lender says I cannot have consent to let. I am not inclined to transfer to a buy to let loan as it’s only for a short period that I am abroad for.

  • Do you know if it is possible to receive consent to let with non-commercial mortgage with Newbury Mortgage Services? We are looking to relocate to Bromley to live nearer to our daughter’s college, but we are uncertain whether the move will be permanent.
  • What is the maximum period of time permitted by Newbury Mortgage Services that I would be able to let my property before having to transfer the mortgage or sell my property? In essence, my partner has asked me to move in with him and I really don't want to sell my house. I would like the security of knowing I still have my own home.
  • I'm one year into a two year fixed mortgage with Newbury Mortgage Services. The LTV is only 40%. I've identified a really good deal on a garden flat in Islington which I don't want to miss. It seems the only way I can get this other property is to take out some good chunk of equity. I'm thinking of letting the current home which would more than 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?
  • Is there a maximum period that Newbury Mortgage Services is willing to grant me the Consent To Let for?
  • Is it possible to negotiate a consent to let from Newbury Mortgage Services if I have an existing mortgage which has been in place for twelve years?
  • I am thinking of moving in with my fiance at his home and would like to rent out my property that I bought ten months ago, I'm just not sure of the process as my property is my first home. What do I need to do to get consent to let from Newbury Mortgage Services If I obtain consent will my mortgage payments go up?
  • I might potentially need consent to let from Newbury Mortgage Services in the future with work. I am just checking what the options would be if this was the case. Is there a limit on the length you can let out your property with consent?