If you have a residential mortgage and need to temporarily rent out your property - you can apply for a Consent to Let. This is a temporary agreement obtained from us to provide you with permission to rent your property out. It is a condition of your mortgage that you obtain consent prior to renting your property out.
This is usually over a 12 month period and is used for short term/temporary changes in your circumstances without being required to transfer to a Buy to Let mortgage.
If you wish to rent your property out on a permanent basis you'll need to apply for a Buy to Let mortgage.
won't consider an application for consent to rent out your property until at least 6 months after drawdown of the mortgage except in exceptional circumstances, such as for armed forces personnel.
Alternatively, you might want to consider applying for a new mortgage rate with us from our current range. This might be more appropriate if you're on our standard variable rate or if your current deal is coming to an end.