Nationwide - consent to let

SP123_3

Does anyone know if Nationwide are usually ok about giving consent to let a house, and if they charge any fees for this? Do they try and force you onto a BTL mortgage?

I just want to be prepared before I phone them. I may have to move for work but don't want to sell for a number of reasons. I wouldn't be buying another house, just renting.

carolt

Try asking on the Mortgages Board, too.

pawpurrs

Nationwide are good about this, but they require you to have a certain amount of equity before they will allow it and will only allow if for a certain period of time (IIRC one year or was it three?) From the date that they issue consent, and you cant have a mortgage holiday at the same time as letting it out. HTH

confused31_2

I had no problems with the nationwide just phone them up, they gave me consent to let and there was no charge.

hethmar

Son couldnt seel his flat when he bought new one near his job, just rang NW and they gave him permission to let over the phone.

p00hsticks

hethmar wrote: »

Son couldnt seel his flat when he bought new one near his job, just rang NW and they gave him permission to let over the phone.

Personally if it were me I'd have asked them to put it in writing - it's a lot easier to prove if they deny it later on (although i'm not saying that they would)

hethmar

They put it in writing afterwards poo, just gave go ahead over phone, otherwise he would have lost the one he was buying - which they also gave the mortgage on.