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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

  • Nedbank have just granted me consent to let. After some effort, Nedbank have issued me with ‘consent to let’ confirmation . The conditions attached to the consent refer to an assured shorthold tenancy. Can you explain what this is?

  • If I were to let out my one bedroom apartment with consent to let from Nedbank, what evidence 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 Nedbank, or will they leave me alone provided i keep up with the payments? For example if I rent the rooms out individually at some point in the future, is there any reason for Nedbank to know and would they take issue?
  • I have been offered a once in a lifetime career opportunity for 9 months in New York. I do have sufficient cash reserves to pay the monthly Nedbank mortgage however the buildings insurance requires that the property must be occupied in order to remain valid. Last Christmas the roof was damaged but repaired. Should there be any problems in the winter months I would struggle to cover the remedial works. Will I qualify for consent to let by Nedbank for the time I am overseas?
  • I have a self contained flat attached to my house that my father has vacated. As my property is large I was considering moving into the annex and lease the remainder out. This is also due to change of circumstances. Would I need a consent to let from Nedbank?
  • Are you able to give me some preliminary advice re consent to let? We have a mortgage with Nedbank and are thinking of leasing the place out for a couple of years, but cannot really afford to change to a buy to let rate. Is consent to let an alternative to to switching to a buy to let rate?
  • I took a residential mortgage with Nedbank and with my circumstances changing significantly in the last three months, can I obtain consent to let. What changes will affect me?
  • Was wondering how to obtain a consent to let from Nedbank who I have a mortgage with. There is an outstanding balance of 57k. The value of flat is 220k. Property is in my name but my wife and I would like to purchase a garden flat in Redbridge we have seen together. How do we go about this?
  • I want to get consent to let from Nedbank for a few years at which point I can transfer to a B2L. Is this feasible