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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.

Top Five Questions relating to Nedbank consent to lease

  • I have a residential mortgage over my home in loc and intend to move to country for a couple of years. During this time frame it makes financial sense to let out my flat. My mortgage provider has declined to grant me consent to let. I am not inclined to transfer to a buy to let mortgage as it’s only a short term option that I am going away for.

  • Doing everything by the book I’ve been leasing out my house with "consent to let" from Nedbank on a homeowner mortgage for the previous two years. Nedbank have advised of their intention of retracting their consent to let unless we switch to one of their "buy to let" deals.

  • I'm about to ask Nedbank for consent to let out my house in Nedbank. However I have put the house on the market but there is no interest and forking out for a full mortgage, council tax and insurance on vacant house is hurting financially. What position would Nedbank take if I have the house on the market?

  • I have just come off the phone to Nedbank who have advised me that they discovered that I have been renting the one bedroom apartment even though it is on a resi mortgage. I needed to move three years ago for career reasons, was unable to sell and so had little choice to rent out my property. Are you able to advise me on the connotations will be for me not procuring consent to let?
  • If we ask for a consent to let letter by Nedbank will we be required to switch to buy to let mortgage? Our mortgage is with Nedbank and as properties are not currently selling but we have seen one we like we were leasing our home out in order to buy the new and sell this one if the local market improves.
  • My wife and I have a mortgage with Nedbank and would be thinking about purchasing another main residence and then subsequently leasing our current home out. Would I require consent to let from Nedbank?
  • I am hoping to fix my residential mortgage with Nedbank but as a result of my job I may have to live abroad for few years. Will Nedbank allow and grant consent to let and there be any penalty
  • Will Nedbank give consent to let my house? I currently have a residential mortgage, never been in arrears and have been with Nedbank for approximately since 2013. What costs am I likely to incur