Need Help?

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.

Common questions relating to Nottingham Building Society consent to lease

  • I have a residential loan with Nottingham Building Society. I wish to buy a further house and my financial adviser recommended I seek consent to let. I had formerly led to believe they only grant consent to let if I have the intention to reoccupy my current property. Is this correct?
  • I wish to acquire a second house having recently bought a three bed flat on residential mortgage. Intend to purchase in a few months time. I have been advised that I may have to get a consent to let from Nottingham Building Society, my current mortgage provider? What is the best way to go about this and gain the permission needed.
  • I rented my house out for three years between 2010-2013 while living overseas. I have a letter dated May 2010 from my building society granting consent to let. In the letter it clearly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not changed product since the letter was sent. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not be acceptable to the new lender Nottingham Building Society for the property I intend to purchase.Can this be right
  • I have an offer accepted to buy a house, we have a deposit of between 20-25% for a homeowner mortgage with Nottingham Building Society. The one concern is we may go overseas in two months for work. We are going through our mortgage broker. She says if you tell this to the lender up front you will need to get a buy to let. Do go ahead with residential mortgage with Nottingham Building Society, shortly thereafter seek consent to let? Otherwise, do we try and speak to Nottingham Building Society now and say there is a chance we will move abroad in the future (I have not signed anything as yet to move abroad) and see if they agree before hand that it wouldn't be an issue
  • I wondered if you could help clarify the process for procuring consent to let by Nottingham Building Society? Are there certain requirements such as you have to have owned the property for over 6 or 12 months before its given?
  • I am looking at some alternative lifestyle. I have a Nottingham Building Society mortgage, if I become a US resident but wish to rent my UK house, do I need to get consent to let from Nottingham Building Society to do this ?
  • I would like to find out more about obtaining consent to let on a property. In particular what is the procedure for consent to let if you have a domestic mortgage with Nottingham Building Society
  • What, if any, income requirements do Nottingham Building Society set for consent to let on an existing standard mortgage?