Need Help?

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.

Top Five Questions relating to Nedbank consent to lease

  • I will shortly be relocating to Hong Kong. As opposed to sell my house, I would like to rent it out, just in case things don’t go as expected. My existing mortgage is with Nedbank. If I looked to remortgage would a new lender see this as me looking to avoid a Buy To Let mortgage, of which there is very restricted availability for 80% LTV, and therefore refuse my application for Consent to Let?
  • My query does not specifically concern consent to let, I was enquiring as to whether you have an contact details for a dedicated Nedbank team who deal with consent to let applications. Nedbank has a mortgage over my house.
  • We have an existing mortgage with Nedbank and need clarify if it would be possible to obtain consent to let out our garden flat in Wandsworth.

    The rationale for needing to find tenants for the property are are due to: -

    • My family and I will be migrating to Melbourne next spring.
    • By letting out the property this will facilitate savings to help the migration process.
    • It would be pointless from a fiscal point of view to pay off the mortgage for a property which we are no longer living and by letting out the home this would be deemed as an ongoing investment.

    If Nedbank agreed that we are able to proceed with renting we would suggest some financial commitments to include: -

    • Maintain paying the monthly mortgage payment directly from my current account.
    • Use 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 have a mortgage with my wife on our house which is up for renewal 31st August. I am having to relocate to Bristol for my Job in next month. Is it possible to switch to a consent to let mortgage with Nedbank?
  • I’m about to finish the fixed rate period of my two year fix with Nedbank and switch on to the current variable rate. Can you tell me if consent to let by Nedbank is possible, if there are cost, and if there conditions?
  • I have a mortgage with Nedbank on a three year fixed rate. I could have chance of a teaching job abroad next July. Am I eligible for consent to let from Nedbank were I to accept this job overseas?
  • I am looking at some alternative lifestyle. I have a Nedbank mortgage, if I become a US resident but wish to rent my UK house, ...what do I need to do to get consent to let. Can this be obtained on the phone ?
  • I need to contact Nedbank to enquire about letting out our home. Will they post a form to me. Is there a form I can download?