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.

Sample questions relating to Nottingham Building Society consent to let

  • Me and my husband were intending to purchase a three bedroom ground floor purpose built maisonette with 30k down payment with the aim of living there. Somewhat fortuitously the in-laws are arranging to live abroad Should we proceed with a residential mortgage with Nottingham Building Society would there be any issues with gaining consent to let ?
  • I previously took a mortgage with Nottingham Building Society and the LTV is presently 60% with the Nottingham Building Society current book value and would like to acquire a further property but would like to keep my existing property at the current market value. I have consent to let from another lender on a previous property so know a bit about them and I also have buy to let with Accord on another property. Does the expected rental income on a consent to let with Nottingham Building Society need to be over and above the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly cost.
  • My property has had a mortgage against it with Nottingham Building Society since 2010. Fast forward and I have got married and live in my husband’s home. My property is currently empty and have a choice to sell or let it out. Chances are that this will not be a short term proposition as the prospect of me reoccupying is unlikely. What should I tell Nottingham Building Society with a view to obtaining consent to let?
  • My partner and I took a loan out on a one bedroom apartment last November however I will be working outside of commuting distance of Redbridge for the foreseeable future 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 Redbridge so would like to keep it. How likely are Nottingham Building Society to allow a consent to let and how do I go about applying ?
  • I would like to understand the requirements that Nottingham Building Society set for consent to let? Can you help?
  • My mortgage company wont issue consent to let without a move in date confirmed with a tenant. How can I confirm this in the absence of consent to let? I am not certain but I think my friend had a similar issue with Nottingham Building Society.
  • We are close to purchasing a flat and plan to live in it once we have renovated but we may need to let the property out but not clear on what the criteria is for consent to let from Nottingham Building Society? We don't need a buy to let mortgage because we are not certain if we will need to let it out at all
  • I have a mortgage with Nottingham Building Society. I am thinking of moving out and leasing out my house. Am I required to obtain consent to let ?