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

Nedbank consent to let: Q and A’s

  • Can one refinance on a consent to let with Nedbank?

  • I have just come off a call with Nedbank who have advised me that it has been brought to their attention that I have been renting the garden flat despite having a resi mortgage. I needed to move a couple of years ago for childcare reasons, couldn't sell and so had little option but to rent out the property. Are you able to advise me on the implications will be for me not obtaining consent to let?
  • I have a residential loan with Nedbank. I would like to purchase a second house and my financial adviser suggested I apply for a consent to let. I had formerly led to believe they will only accept the consent to let if I have the intention to go back to my current property. Your view would be appreciated?
  • I rented my house out for three years between 2010-2013 while working in New York. I have a letter dated June 2010 from the lender granting consent to let. In the letter it clearly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not remortgaged since the letter was issued. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not be acceptable to the new lender Nedbank for the house I intend to purchase.Can this be correct
  • How much of my mortgage allowance will be made available to draw down on if I switch my mortgage to a consent to let with Nedbank?
  • Can I remortgage to Nedbank from my existing provider, with a consent to let or do I need a let to buy mortgage, and if so what are the LTV's?
  • Would a previous extension to a mortgage term with Nedbank work against us once we sought consent to let from Nedbank.
  • I would like to find out more about obtaining consent to let on a property. In particular what is the procedure for consent to let if you have a residential mortgage with Nedbank