Need Help?

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

Recently asked questions relating to NRAM Ltd consent to lease

  • I have a friend who is talking about leasing their house out and moving in with partner. The property is in Haringey and has a £80k mortgage with NRAM Ltd. What would she need to do to get consent to let if she decides to move forward.
  • I want to rent out my current house as I wish to purchase a bigger house for the family. I have a two year fixed mortgage with NRAM Ltd. On the basis I get the consent to let as I understand banks are more than likely to push me towards getting BTL mortgage when the fixed term is finished. Could I remortgage after a couple of years with another lender? What connotations does that have aside from the higher rates - would I need a greater equity portion in the property too ie lower ltv?
  • I'm planning to remortgage our old garden flat, currently occupied with tenants with consent to let from NRAM Ltd, onto a BTL rate as we are unlikely to be moving back into it now since we have our family home. So, I'm assuming I need a specialist financial adviser for this and I am not really au fait with what is available in this area. Are you able to offer any advice on an efficient broker service specialising in BTL?
  • I remortgaged with NRAM Ltd recently, borrowing extra with the intention to extend the property. That plan has proved not to be possible and I now intend to purchase a 2nd property as my main residence and let the old property out with consent to let. Is that likely to land me in hot water?
  • Last month I got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger place. Will it be possible to get a consent to let on my new mortgage with NRAM Ltd to allow us to get a mortgage also with NRAM Ltd for a new home?
  • How much of my loan allowance will be made available to draw down on if I switch my mortgage to a consent to let with NRAM Ltd?
  • Will NRAM Ltd choose to exercise a right to switch the rates on a owner-occupier mortgage where Consent to Let at any time, onto ‘rates equivalent to their B2L range'? Can one remortgage on a consent to let with NRAM Ltd?
  • I have a mortgage with NRAM Ltd. I am thinking of moving out and leasing out my apartment. Am I required to obtain consent to let ?