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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

  • I am employed by a letting agency in loc and have been ask but a prospective tenant of a property for a copy of the ‘consent to let’ from the owners lender Nedbank. Is this a new type standard inquiry?

  • If I was to rent out my two bedroom first floor purpose built maisonette with consent to let by Nedbank, what evidence would be required of the letting? If after twelve months I decided to let it on a number of short term rental, am I still required to supply evidence to Nedbank, or will they be happy as long as i keep up with the payments? For example if I sublet the room individually at some point in the future, is there any reason for Nedbank to be informed and would they take issue?
  • My wife and I have a standard mortgage with Nedbank. My company has offered me a property as part of my job and wish to lease out my existing property. The mortgage advisor has advised me it is a formality. Can you give me some information please?
  • Just a quick question as a bit in the dark and wondering whether Nedbank conduct any checks when applying for a homeowner mortgage, I'm ideally looking to rent the property out and am in two minds as to whether I should apply for consent to let. How would they find out if I rent the house out?
  • I am looking at moving overseas for work and would like consent to let from Nedbank whilst I am away. Is the way forward to complete the consent to let form and mail it to Nedbank? Letting the property isn't to make money but to keep the property in case things don't work out
  • I would like to know whether Nedbank would have archive records as to whether consent to let was granted for a specific property?
  • What is the process for obtaining consent to let from Nedbank? Are there specific policies for example you must have owned the property for a year before its issued?
  • I am intending on relocating within the next 7 months and wish to rent my flat out. My interest rate is fixed with Nedbank. I am worried a 1% increase would be too much if that was a condition of getting consent to let