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

  • Always on the look out for a money making scheme I am contemplating leasing out my home and make money from it during my vacation. It’s only for ten days. Is advanced consent to let from Nottingham Building Society required?

  • Last month I was offered a job abroad and considering whether it's a good idea leasing my property out. Will Nottingham Building Society allow me to change mortgage or give me consent to let? Should it not be available I will have to consider if I should accept the job. I have no objection to paying an increased amount as I intend to come back and live in my home after twenty four months. I'm not doing it to profit. Just really like my house and wish to return to it at some point in the future.
  • I understand that this is a breach of Nottingham Building Society mortgage policy if I rent out my house having informed that I intend to reside there. The hope is to have the mortgage fully paid off after five years, by which time I will become the outright owner, meaning I no longer require any consent to let. Nottingham Building Society advised me I can overpay as much as I like during the agreement. I have someone who is interested in renting the property. What checks do Nottingham Building Society do and what are the chances that they are likely to do this? Can you set out implications of not seeking consent to let? From what I have read there is a possibility of Nottingham Building Society bumping up the interest rate
  • We are expecting any day now a mortgage offer from Nottingham Building Society for a garden flat. I have applied via a broker. It is a 20 year mortgage. I am curious as to what is the main criteria Nottingham Building Society adopt in order to grant borrowers consent to let? Is consent to let based on the rental amount for a property?
  • My lender refuse to grant consent to let until I have a move in date confirmed with a tenant. How can I confirm this in the absence of consent to let? I can't be certain but I think my friend had a similar issue with Nottingham Building Society.
  • We have a letter to Nottingham Building Society requesting consent to let signed and ready, but I'm not sure what address I should mail this to. Can you please help me with the address?
  • I am after further information concerning consent to let home loans, potentially switching our existing mortgage with Nottingham Building Society across to a consent to let one.
  • Is consent to let a less costly way of becoming a landlord? Isn't this a loophole for some borrowers to exploit?