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

Nationwide Building Society consent to let: Q and A’s

  • I currently let out my flat in Ealing. I didn't request consent to let. I moved to Amersham for work relocation purposes and couldn't do a commute but was nervous that Nationwide Building Society would charge me silly money so I decided to take the risk. I'm hoping to legitimise it now... basically carry on letting it but with consent. What course of action do I take now?
  • I was just seeking advice on whether I will be allowed to switch a residential mortgage with Nationwide Building Society to a consent to let. It will be less than 55% loan to value and it would alter from repayment to interest only?
  • My understanding is that this is a breach of Nationwide Building Society terms and conditions of mortgage if I lease out my flat having indicated that I intend to live there. The aim is to have the mortgage fully paid off after five years, by which time I will become the outright owner, meaning I no longer require any consent to let. Nationwide Building Society advised me I can overpay as little as I like during the agreement. I have someone who wants to rent the property. What checks do Nationwide Building Society do and what are the chances that they are likely to do this? What are the consequences of not seeking consent to let? From what I have read there is a possibility of Nationwide Building Society requesting the property to be sold (however it seems generally accepted is that this is unlikely to happen and adding fees even backdating is more common)
  • Me and my partner hope to purchase a house together. Plan is for me to get consent to let my property from Nationwide Building Society. Thinking further ahead - when my 2 year fixed period expires - how would it work if I sought to refinance my flat?
  • I have to send the consent to let form by courier and need to know if Nationwide Building Society have a regular mailing address I can use as couriers ordinarily will not accept deliveries to PO Box addresses.
  • Can I remortgage with Nationwide Building Society with consent to let if my fixed rate is about to expire. Circumstances would not have changed.
  • I would like to rent out my house for two years max. How do I go about getting consent to let from Nationwide Building Society who I have a mortgage with?
  • We need to lease out my home to be nearer to my daughter's uni and look after of my father. What do I need for the application of consent to let from Nationwide Building Society?