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Need professional advice for your consent to let with NRAM Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

NRAM Ltd consent to let: Q and A’s

  • I rent out my property in Newham. I didn't apply for consent to let. I moved to Surrey for a job opportunity and couldn't do a commute but was nervous that NRAM Ltd would charge me through the nose so I decided to take the risk. I'm looking to do the right thing now... basically continue leasing it but with consent. What course of action do I take now?
  • A friend of mine suggested that this summer I rent out my apartment and generate some income during my vacation. It will only likely be for a fortnight. Will consent to let be needed from NRAM Ltd?

  • Is it permissible to rent out our property in the absence of consent to let from our mortgage provider? I appreciate that initially we signed a declaration saying it wouldn't be a buy to let property and that we are not the owners of other property. I know you can't use H2B if you owned other premises at the time, but what about property thereafter? Can one acquire a further property, receive a gifted property?
  • We are in need of a larger house so our children don't have to bunk together. We are thinking about buying another house in a few years time. Our house is worth £240,000 and we have about £55k remaining on the NRAM Ltd mortgage. We would ideally like to keep this house as an investment property and lease it out with consent to let. Is it possible to get a mortgage on two properties at the same time or do we first need to redeem our existing mortgage?
  • I have a consent to let letter that I have obtained from my management company. I presume I need to attaching this with a letter to NRAM Ltd with a view to getting a consent to let from them. What address shall I send it to?
  • Is it the case that a previous extension to a mortgage term with NRAM Ltd be held against us once we applied to NRAM Ltd for consent to let.
  • I have had my mortgage with NRAM Ltd for the previous twenty months and I am interested in finding out some more information about the possibility of getting 'consent to let’.
  • I have a mortgage with NRAM Ltd taken 3 months ago where I moved from another mortgage provider. Am I now able to rent my property with consent to let from NRAM Ltd as I am planning to buy a further property.