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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.

Questions and Answers: NRAM Ltd consent to let

  • I am looking to get a consent to let from NRAM Ltd as my personal situation has altered. My stepdaughter started college and I felt we would move to the area and decided to buy a property rather than rent for 3 years. After having bought the house I have fallen out with my step daughter and she won't move in. Given that the whole point was for her and the house location isn't so ideal for my work I would like to move out and let the property
  • I've been with NRAM Ltd for just short of 2 years and have just renewed a fixed rate. The loan to value is approximately 45%. A situation has arisen whereby we need to move into my elderly mother-in-law's bungalow to look after her, it would preferable to lease our house out - do I require consent to let from NRAM Ltd and is it likely to cost much?
  • Am I required to notify NRAM Ltd of my plan to rent a room out to a lodger. I have two spare rooms that could be used by lodgers and I was thinking that as the occupancy remains in keeping with that of the 'family' use of the property it might not require consent to let. Can you help clarify? I am taking independent advice on the insurance, legal and tax ramifications.
  • I am may soon need to apply for consent to let from my existing mortgage provider NRAM Ltd. A colleague of mine said that she was granted ‘consent to let’ confirmation from a different lender where it stipulated that the tenancy granted must be in the form of an assured shorthold tenancy. Can you explain what this is?
  • Wewould like to let the family home and purchase another. Can NRAM Ltd refuse to grant me consent to let?
  • Is it possible to negotiate a consent to let from NRAM Ltd if I have a current mortgage which has been in place for ten years?
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with NRAM Ltd. My property is worth approx £250k and owe £48k on it. How likely is it that NRAM Ltd increase my mortgage rate?
  • Was wondering how to obtain a consent to let from NRAM Ltd with whom I have a mortgage with. There is an outstanding balance of 87k. The value of flat is 110k. Its in my name but my wife and I would like to purchase a garden flat in Sutton we have seen together. How do we go about this?