Consent to Let

b1981

I got a fixed rate of 6.19% for 10 years with Northern Rock just before they went under in 2007.

I am thinking about letting my property out and renting a new one myself but I have been told I need consent to let by a friend.

Now my mortgage has been transferred to NRAM I am unable to find out the costs and implications of getting consent to let from them on their web site which is terrible.

I wondered if anyone has got consent to let from NRAM recently and what the process involved I am not even sure if there is a fee or implication but would like to know.

trevorsminted

Most add approx 1% on to your rate for letting the property

Thrugelmir

b1981 wrote: »

Now my mortgage has been transferred to NRAM I am unable to find out the costs and implications of getting consent to let from them on their web site which is terrible.

Thanks to Alexander Bell we have a device named the telephone which enables people to communicate. Try it. As then you wouldn't have to rely on poorly designed websites.

Gefjun

I have a permission to let on my property. They didn't add anything onto the mortgage. You just need to ask, probably in writing, but make the initial phone call - I believe most companies will say yes.

rilou81

No addition to my mortgage either, costs £95 a year though to the mortgage company. Just make sure you can make back in rent your mortgage.
Also all the LL things you need, stafety testing, etc.... xx

gwernybwch

b1981 wrote: »

I wondered if anyone has got consent to let from NRAM recently and what the process involved I am not even sure if there is a fee or implication but would like to know.

I was wondering if you did apply for consent to let with NRAM? Did you experience any issues?

Thanks.

Thrugelmir

gwernybwch wrote: »

I was wondering if you did apply for consent to let with NRAM? Did you experience any issues?

Thanks.

Best to start a new thread with your own questions. As the criteria could have changed during the past 4 months. Also individual circumstances are different.