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Need professional advice for your consent to let with Nedbank Private Wealth 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: Nedbank consent to let

  • Resulting from a redundancy my partner and I are looking to move away from Lambeth and our apartment, potentially to a job in Copenhagen but that means we will want to let the property but don't want the cancellation fees of existing Nedbank mortgage which will be exorbitant.Can Nedbank refuse to grant us consent to let?
  • I recently received a MIP from Nedbank for a detached house. I have applied through Right to Buy. It is a 20 year mortgage. I wonder what is the main criteria Nedbank adopt in order to allow borrowers consent to let? Is consent to let based on the rental amount for a property?
  • We are in need of a bigger house so our children don't have to bunk together. We are thinking about buying another house in the near future. The house is worth £240,000 and we have about £85k remaining on the Nedbank mortgage. We would ideally like to keep this house if possible and let it out with consent to let. Can you have a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
  • My wife and I took a home loan out on a one bedroom apartment last December however I will be working outside of commuting distance of Southwark in the medium term but hope to find work closer in the long term. Given I have not had property long I will lose money if I sell and do intend to return to Southwark so would like to keep it. How difficult is it to get consent to let from Nedbank and how do I go about applying ?
  • My fiance and I are planning to ask Nedbank for consent to let out our property in Tower Hamlets. We are moving overseas for 2 years and wish to rent out the property. I omitted to check this out when we got the Nedbank mortgage, and that was due to the fact that we never thought an opportunity like this would come up so was planning on occupying the property.
  • I was just enquiring if Nedbank would give consent to let and what kind of charges, penalties and rate increase etc
  • If I were to apply for consent to let from Nedbank how long will it take to hear back?
  • My partner and I am looking into the option of renting out my flat with consent to let from Nedbank whist away travelling for a few months