Need Help?

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.

Examples of recent questions relating to Nationwide Building Society consent to let

  • If I were to rent out my studio flat with consent to let by Nationwide Building Society, what proof would be required of tenancy? If after 1 year I decided to let it on a series of holiday term rental, am I still required to provide proof to Nationwide Building Society, or will they leave me alone provided i keep up with the payments? By way of example if I rent the rooms out individually at a later stage, is there any reason for Nationwide Building Society to know and would they take issue?
  • Me and my OH and I may need to lease our home out for a while due to a career opportunity. This will be for a limited period we would possibly like a consent to let our property. We currently have a Nationwide Building Society mortgage. What are the fees involved and time limits on consent to let agreements?
  • I have a current mortgage contract with Nationwide Building Society and need clarify if it would be possible to gain consent to let out our garden flat in Ealing.

    The reasons(s) for needing to find tenants for the property are are due to: -

    • Me and my wife will be relocating to Cape Town in 3 months.
    • By renting out the property this will enable us to make some savings to assist with the migration process.
    • It would be pointless from a monetary perspective to discharge the mortgage for a property which we are not residing in and by leasing out the property this would be viewed as continuing investment.

    If Nationwide Building Society agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

    • Continue to pay the monthly mortgage payment by standing order.
    • Instruct an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Provide our forwarding address for when we relocate.
  • I am currently a Nationwide Building Society mortgage client in need of consent to let on an existing property. We would like to buy near where we are based with the Army,... but we might have to move.
  • I took a standard mortgage with Nationwide Building Society - 40% equity or thereabouts. I am considering relocating due to a promotion and enquiring whether consent to let would be given so I could rent out the house?
  • I am looking at some alternative lifestyle. I have a Nationwide Building Society mortgage, if I become a non-UK resident but wish to rent my UK house, do I need to get consent to let from Nationwide Building Society to do this ?
  • Is consent to let required from Nationwide Building Society if I am planning to live in the property myself for three months of the year? In addition if I receive consent to let for a limited time, say up to twelve months, what happens thereafter.
  • I am currently remortgaging and looking into the flexibility of certain lenders when it comes to consent to let. Nationwide Building Society is one of the mortgage companies I am considering. How accommodating are they when it comes to consent to let?