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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.

Questions and Answers: National Westminster Bank consent to let

  • I have been stupid in failing to advise National Westminster Bank that I’m renting my property out. In an ideal world I would like to do the right thing with as little consequence as possible. If National Westminster Bank says yes, what are the chances of them learning historically that the property was let without consent?
  • I own a property that's presently under shared ownership (My share is 60%) and I bought it in May 2013. I am currently going through the full purchase of the house. Me and my wife also have in mind a second house that we are hoping to buy. Mortgage in principle has been issued by National Westminster Bank. I would like to know that I will be able to put the current house through consent to let as soon as the remainder share has been purchased so, that we can start the process of purchasing the new home
  • I understand that this is a contravention of National Westminster Bank terms and conditions of mortgage if I lease out my flat having indicated that I intend to live there. The hope is to redeem the home loan after five years, by which time the property will be mortgage free, meaning I no longer require any consent to let. National Westminster Bank advised me I can overpay as little as I like during the lifetime of the mortgage. I have someone who wants to rent the property. What is the likelihood of National Westminster Bank finding out? What are the implications of not obtaining consent to let? From what I have read there is a possibility of National Westminster Bank insisting that the property to be sold (however it seems generally accepted is that this doesn't happen and adding fees even backdating is more common)
  • I are looking to let out our garden flat in Hounslow in January. I would like some suggestions on what I need to do. I've just moved our National Westminster Bank mortgage to a fixed term and just need to understand what the procedure is if I plan to get consent to let.
  • My wife and I have already been told to write a letter to National Westminster Bank to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • Do you know whether National Westminster Bank will accept rental income on consent to let for affordability purposes or does it need to be on a buy to let ? Would National Westminster Bank let me raise capital based on the rental revenue ?
  • Will National Westminster Bank issue consent to let my home? I have an existing residential mortgage, never been in arrears and have been with National Westminster Bank for a little under since 2012. What charges am I likely to incur
  • About to remortgage my flat but will likely be moving out in the next year and would be looking to let it out. Do you think I can get buy to let or consent to let from National Westminster Bank?