Need Help?

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

Recently asked questions relating to National Westminster Bank consent to lease

  • After retiring in 2014 I purchased a “retirement home” for my wife and myself to move to. Our intention is to let our current property to our son and I have therefore applied to National Westminster Bank for consent to let. I was just seeking a general view on whether National Westminster Bank currently allows it?
  • I am expecting to apply for consent to let from my existing mortgage provider National Westminster Bank. A friend of mine said that she was granted ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an AST. Can you explain what this is?
  • We are planning to let my apartment for 12 months from 28th November 2016. Is there a standard format for a letter I can use to send to National Westminster Bank to apply for consent to let.
  • Is it correct that lenders (my home loan is with National Westminster Bank) have changed tune and are now taking a more lenient approach towards consent to let? A broker suggested that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. So if I switch from a standard to a BTL I am moving to a regulated product. He suggested that under the current regulation lenders are reluctant to allow borrowers do this, which is likely why some banks will permit borrowers have consent to let but not swap to a BTL mortgage. Is this an accurate assessment?
  • We have a domestic mortgage with National Westminster Bank and are considering obtaining consent to let so that we can apply for another mortgage on another property that I own on a buy to let basis. Ahead of applying I would like to know the consequences of making the change and any facts that we need to consider.
  • Would I be able to remortgage to National Westminster Bank from my current lender, with a consent to let or do I need a let to buy mortgage, and if so what are the LTV's?
  • Is consent to let a cost efficient way of renting out your property? Isn't this a loophole for some borrowers to exploit?
  • Please could you shed light what the process would be if we bought a new house and need to apply for consent to let for our existing mortgage with National Westminster Bank