Consent-to-let Help for Newbury Mortgage Services Ltd

Recently asked questions relating to Newbury Mortgage Services consent to lease

• In what situations will consent to let for a property be granted by Newbury Mortgage Services? For what period of time do you have to have had the mortgage before consent to let can be granted by Newbury Mortgage Services? By way of background:Our home is a very small mid terrace house which is too small for our family, my husband is also unwell and we are far away from family who could offer us a bit of relief, in the form of babysitting. I would be interested in being given consent to let initially with a view to put a tenant in it to cover the expense of the Newbury Mortgage Services mortgage.
• I have a Newbury Mortgage Services mortgage on a flat I own, in Tower Hamlets. This year, resulting from a change in personal circumstances I decided to rent out the apartment, and rent an alternative property in a different area within same loc. The personal circumstances that changed is that I started living with my partner, and the flat is too small for us. I do not want to try to sell the flat because the current market value is 20% less than when I purchased the property ten years ago. I contacted Newbury Mortgage Services for a consent to let which was turned down as they felt that my intention was to invest in the flat. The whole process was very stressful and frustrating. The matter is urgentas there is a prospective tenant waiting for this consent to let and may pull out.Yours sincerely
• As we are relocating and unable to sell our flat, we are mulling over letting it out. Am I duty bound to disclose this to Newbury Mortgage Services? I am concerned that Newbury Mortgage Services might change our terms. I was thinking that as long as I continued making my monthly payments it shouldn't be a problem, but am now concerned about insurance consequences if I have let my property out on the sly. Any feedback?
• We wish to be informed of what the policy is for Newbury Mortgage Services for consent to let. I have come across different suggestions in relation to fees and rates. I need to relocate for career reasons but can not sell the house due to a depressed market.
• My family circumstances has changed, and I wish to rent my home out - meaning consent to let- I have approx £175K loan with Newbury Mortgage Services and currently 90k equity I need to avoid the early repayment fees.
• 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 ten years?
• I am looking for some generic information on consent to let. I already have a mortgage in place with Newbury Mortgage Services. I have had approval to temporarily rent out my flat from the managing agents and they asked if I have consent to from Newbury Mortgage Services.
• I am considering relocating with work and would need to rent my property out. I have a mortgage with Newbury Mortgage Services. My property is worth approx £185k and owe £48k on it. Do you think Newbury Mortgage Services increase my interest rate?