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Need professional advice for your consent to let with Nationwide Building Society? 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: Nationwide Building Society consent to let

  • How easy is it to seek consent to let with Nationwide Building Society. I am considering fixed deals and intend to live there but would like to know what options are open to me if work has opportunities elsewhere for instance within the next couple of yrs Please let me know how challenging it is in your experience with Nationwide Building Society?
  • I have a two bedroom leasehold flat via a Nationwide Building Society mortgage and have a lodger sharing with me. I have decided to take a job in a different city and will rent there. My lodger has asked to stay and has agreed to pay a higher rent. Must I apply for consent to let from Nationwide Building Society?
  • I have a current mortgage contract with Nationwide Building Society and wish to clarify if it would be possible to obtain consent to let out our three bed flat in Waltham Forest.

    The purpose for wanting to find tenants for the property are are due to: -

    • My family and I will be migrating to Melbourne in 3 months.
    • In letting out the property this will enable us to make some savings to help the migration process.
    • It would be pointless from a monetary point of view to pay outright for a property which we are no longer residing in and by renting out the place this would be viewed as an ongoing investment.

    If Nationwide Building Society granted permission to us for renting we would propose some financial assurances which are as follows: -

    • Continue to pay the monthly mortgage payment by standing order.
    • Instruct an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Provide our contact details for when we emigrate.
  • How many months after taking out a new mortgage do I have to wait before I can seek consent to let from Nationwide Building Society? By way of history I purchased my apartment in Southwark 2 years ago and am currently on a three year fixed rate. I since met my partner and plan to move in to his place. I intend to get a better fixed term next December. I presume that I would have to hold back for at least 6 months before I could request a consent to let. Is that right?
  • My existing mortgage is with Nationwide Building Society, but I am going to need to get consent to let for approximately a year as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to take time off for a year (by living near her mum and dad and getting support) in a greener less hectic suburb of London.
  • I was just looking into consent to let as it's something potentially I require from Nationwide Building Society within the next year. Our circumstances have changed, and I would like to let my home out
  • Me and my husband want to let our house out and use the rental income to pay rent on a house in Waltham Forest. How likely are we to be given consent to let by Nationwide Building Society without being forced onto a BTL product.
  • I recently completed on a one bedroom apartment in Hounslow. I am a FTB. I am moving Paris next month, can I get consent to let from my lender Nationwide Building Society or do need to wait for at least 6 months?