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Existing mortgage customers

Rent out your home (Consent to Let)

Sometimes you may need to live somewhere else for a while. If you want to rent out your home during this time, you can ask us for Consent to Let.

Your home or property may be repossessed if you do not keep up repayments on your mortgage. The content on this page is guidance only and does not constitute advice.

What is Consent to Let?

Consent to Let means we give you permission to rent out your home for a short time. You do not need to change to a Buy‑to‑Let mortgage.

People ask for Consent to Let when they:

  • move for work
  • stay somewhere else for a while
  • go through a life change
  • find it hard to sell their home

Before you apply, please know:

  • Consent to Let is for short‑term renting
  • Your mortgage may cost more
  • You must have the right insurance
  • Renting your home without permission may break your mortgage rules

Your options for renting out your home

You may need to rent out your home for different reasons. Knowing your options helps you choose the right one.

Short lets (under 90 days)

In some situations, you may not need Consent to Let if the letting is only for a short period.

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A short term change in your situation

If you need to live somewhere else for work, to help someone, or to travel, Consent to Let can help. It lets you rent out your home while you are away.

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How to apply for Consent to Let Open in new window

Letting your home for longer

If you don’t plan to live in your home again, a Buy to Let mortgage may be better. It has different criteria and a separate application.

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Find out about Buy to Let mortgages Open in new window

When Consent to Let isn’t needed

You will not need Consent to Let if you meet all the conditions below:

  • Someone stays under a licence, not a tenancy agreement
  • The property is not lived in by anyone else for more than 90 days in any 12‑month period
  • You tell your insurer about the letting and get their approval
  • You follow all local rules and laws
  • You follow the rules of any scheme you’re part of (for example Help to Buy or shared ownership).
    Your scheme provider or any second‑charge lender may also need to give permission
  • If your home is leasehold, you follow the lease rules and have permission from the freeholder
  • You report any taxable income from the let to HMRC
  • If you have a Buy to Let property, you only use short lets to cover empty rental periods

If these points do not apply, you will need to apply for Consent to Let.

Things to know about Consent to Let

Fees

Consent to Let has:

  • a one‑off fee of £120
  • a yearly fee of £120

You will not pay a fee if:

  • you are in the British Armed Forces
  • you live in tied accommodation
  • you work abroad for the Foreign, Commonwealth & Development Office
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Letting the property

  • You must use a suitable tenancy agreement, such as an assured shorthold tenancy
  • You can only have one tenancy agreement per property
  • You must tell your buildings and contents insurer, as the letting may change your cover
Information Message

Applying for Consent to Let

Check if you're eligible

You should have:

  • a NatWest home mortgage
  • the consent of all mortgage account holders
  • held your mortgage for at least 6 months
  • no other properties with Consent to Let
  • no arrears on your mortgage

 

 

 

 

 

How do I apply?

You can apply in Manage your Mortgage in our app or in Online Banking.

What to do:

  1. Log in and select your mortgage 
  2. Select 'Your Services', then choose 'Consent to Let'
  3. Answer a few questions
  4. Read and accept the terms
  5. Pay the fee

We will then confirm if you can rent out your home.

Log in to Manage my Mortgage

Need help? Speak to our mortgage team

Call us

We're on hand to arrange a phone or video call with one of our qualified mortgage professionals. We can also help with any general queries about the process. 

Call us on 0800 096 9527

Relay UK: 18001 0800 096 9527

Opening hours: Mon-Fri 8am-6pm, Sat 9am-4pm, Sun Closed. Excluding public holidays.