Need Help?

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

Sample questions relating to Nottingham Building Society consent to let

  • I intend to let out my flat to some tenants who have asked me for a duplicate of my ‘consent to let’ from Nottingham Building Society, my bank. Is this normal?

  • I am a FTB in the process of attempting to purchase a flat. However I am potentially also going to be moving abroad within the next couple of years. I have mentioned this to my financial adviser who has informed me as long as nothing has been signed or confirmed you can go ahead and apply for a residential mortgage with Nottingham Building Society. Once that's complete if it transpires that I need to move abroad he said can apply for a consent to let from Nottingham Building Society. How would the property be treated for CGT purposes? From what I can tell there is some sort of tax relief if you have had to vacate your property to move abroad for work. is that right?
  • How easy is it to change a homeowner mortgage with Nottingham Building Society to a consent to let. It will be less than 55% ltv and it would change from repayment to an interest only loan?
  • I have had a home loan with Nottingham Building Society for since 2009. My divorce was finalised two years ago and bought the ex wife out. My circumstances have changed, I wish to keep my house but move in with my new partner, renting my house out. It has been suggested by my financial advisor that I can ask for a consent to let from Nottingham Building Society instead of a BTL mortgage as I haven't purchased the house in the first place in order to let, is this correct?
  • When it comes to consent to let from Nottingham Building Society am I supposed to inform them each time we get a new tenant and forward them a copy of the lease?
  • Nottingham Building Society residential mortgage. Will they issue consent to let a house for a couple of years? I reoccupy as an owner.
  • My OH is in the process of buying a new property in Bexley and is getting a good deal as it requires renovating. We want to rent our current property for 2 years and come back to live. Will I be given consent to let by Nottingham Building Society?
  • Nottingham Building Society - consent to let potential. Do you have experience of the process with this lender? Do they have a minimum period prior to changing and is it possible that I would be required to make a cash injection to reduce the LTV?