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Need professional advice for your consent to let with National Westminster Bank plc? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Recently asked questions relating to National Westminster Bank consent to lease

  • I would like to explore if I can obtain consent to let on my existing apartment. I have a mortgage with National Westminster Bank but my circumstances have changed. I'm about to move in with my partner and son who have a house and is larger than my 1 bed flat. I am unlikely to qualify for a buy to let mortgage as I don't have the funds for a deposit nor do I earn in excess of £25000 a year.
  • My flat has a mortgage against it with National Westminster Bank and I have been renting the property without consent to let, which I am now led to believe means I am in breach of my mortgage terms and condition. They may have suspicions that I am not residing there. Is my best option is to dispose of the property before repossession?
  • I previously took a mortgage with National Westminster Bank and the loan to value is currently 45% with the National Westminster Bank current book value and I'm looking to purchase a further property but do not want to sell my existing property at the current market value. I have consent to let from another lender on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with National Westminster Bank need to be over and above the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly cost.
  • Am I required to notify National Westminster Bank of my intention to rent a room out to a lodger. I have two spare rooms that could be used by lodgers and I was thinking that as the occupancy remains in keeping with that of the 'family' use of the property it might not require consent to let. Can you shed any light on this? I am taking separate advice on the insurance, legal and tax implications.
  • My fiance and I were wondering if it's possible if you own one property with consent to let from National Westminster Bank, to buy another with a residential mortgage to live in. Then once the consent runs out on the first property, to switch to buy to let or sell it?
  • I have a homeowner mortgage with National Westminster Bank and with my circumstances changing massively in the last three months, can I obtain consent to let. What changes will affect me?
  • Do you know if National Westminster Bank would have an internal record as to whether consent to let was granted for a specific property?
  • I have 5 months to run on a two year residential mortgage with National Westminster Bank but now rent the flat out. Can I assume they will simply charge a flat fee for consent to let?