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Need professional advice for your consent to let with National Westminster Bank? 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: National Westminster Bank consent to let

  • I currently let out my flat in Wandsworth. I didn't seek consent to let. I moved to Ashford for a job opportunity and couldn't do a commute but was nervous that National Westminster Bank would charge me silly money so I decided to take the risk. I'm looking to do the right thing now... basically carry on letting it but with consent. What are my next steps?
  • Last month I was offered a job 250 miles from home and considering whether it's a good idea letting my house out. Will National Westminster Bank allow me to change mortgage or grant consent to let? If not I will have to consider if it's worth taking the job. I have no objection to paying more as it is likely that I will come back and live in my home after 1 to 3 years. I'm not doing it to to make money. Just really like my property and want to return to it at some point in the future.
  • I applied for consent but was turned down as I did a remortgage in July but Woolwich does not give consent if mortgage is less than 6 months old. Now I am worried when 6 months is gone are they going to find some other criteria that will not be ok. On the other hand I can remortgage with National Westminster Bank but will they give me consent straight away?
  • My husband and I currently live in Dubai and leasing out our apartment in Brent. This was unplanned but an opportunity arose and we took it. The rental income is insufficient to cover the mortgage so we send back money each month to cover the shortfall. Last week I got a letter in the mail from our lender informing me that because the property is being let out and has been for nearly two years we will have to pay 1.5% interest in addition to our current mortgage rate. We could sell the flat but this will be difficult as I am so far away. Could we remortgage with National Westminster Bank and get consent to let?
  • I would like to understand the requirements that National Westminster Bank set for consent to let? Can you help?
  • As a result of career opportunities I will be relocating to Wales and would like to let out my flat temporarily, please let me know what steps I need to take in order to achieve consent to let from National Westminster Bank?
  • I own a leasehold flat. I would like remortgage with National Westminster Bank and either change to buy to let or consent to let. I'm still within the Early Redemption Charge period so not sure if it would trigger the penalty payment?
  • I am trying to find out if National Westminster Bank will grant consent to let in a situation where we need to move closer to relatives in a different house albeit that we may move back the future if circumstances change.