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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

  • Exciting times as my better half and I are moving to Beijingin Month, perhaps temporarily but potentially longer term. We have just applied to National Westminster Bank for consent to let out the property (we have already found tenants). I have been with National Westminster Bank for 6 years and I am up to date with payments. National Westminster Bank advise, that even if they do agree, that this will be limited consent for a period of twelve months. Do I then need to reapply?

  • I have a mortgage with National Westminster Bank. I would like to buy a second house and my mortgage broker recommended I seek consent to let. I was under the impression that they would only accept the consent to let where it is my intention to go back to my current property. Am I getting accurate advice?
  • My understanding is that this is a contravention of National Westminster Bank mortgage policy if I let out my house having indicated that I intend to reside there. The plan is to have the mortgage fully paid off after four 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 much as I like during the lifetime of the mortgage. I have someone who wants to rent the property. What checks do National Westminster Bank do and what are the chances that they are likely to do this? Can you set out implications of not getting consent to let? From what I have read there is a possibility of National Westminster Bank changing the loan onto a BTL mortgage
  • I am on a two year fixed rate mortgage with National Westminster Bank which began in April. I will be moving out in in two months and have tenants ready to rent my flat. I need to get a letter from National Westminster Bank granting consent to let until my term is up to allow me to refinance. How do I go about this?
  • If we ask for a consent to let letter from National Westminster Bank will we be made to convert to buy to let mortgage? We are with National Westminster Bank and as houses are not currently selling but we have seen one we like we were considering letting our home out in order to acquire the new and dispose of this one if the local market improves.
  • There is a chance of me going to Hong Kong for a year with work. Planning on taking my partner with me and hoping to rent our Brent property in the meantime on a short term basis to make matters more cost effective. I was just wondering I have filled in my application form but I'm unsure where to send it
  • Where I have an existing normal mortgage with National Westminster Bank and am planning to rent it out in the future will I be given consent to let? What is the procedure and cost involved?
  • I am intending on relocating inside the next 7 months and want to let my property out. My mortgage rate is fixed with National Westminster Bank. I am concerned that a 1% increase would be too much if that was linked to obtaining consent to let