Temporarily rent out your home

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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What is Consent to Let? Open in new window

Are you eligible? Open in new window

What fees will I have to pay? Open in new window

Do I need to use a tenancy agreement? Open in new window

What is Consent to Let?

There may be times when you need to rent out your home and it’s important to understand the difference between renting for a short period and becoming a longer-term landlord.

Renting your home for less than 90 days

If you plan to rent out your home for up to 90 days, you can do so without needing our permission. This covers short stays, temporary arrangements, or situations where you’ll be away from home briefly.

Renting your home for more than 90 days (short term)

If you want to rent out your property for longer than 90 days, you’ll need to apply for Consent to Let.

Consent to Let allows you to rent out your residential home for a short-term period, while keeping your current residential mortgage.

Renting your home long-term

If you’re planning to rent out your home on an ongoing basis and don’t intend to move back in, you’ll need a Buy to Let mortgage instead.

This is a different type of mortgage with its own eligibility checks and application process.

Are you eligible to apply for Consent to Let?

To apply for Consent to Let, you need to have:

a NatWest International residential mortgage
permission from all mortgage account holders
held your mortgage for at least 6 months
no other properties with us on a Consent to Let
no missed payments on your mortgage.

Renting for less than 90 days - additional information

You may not need to tell us if you plan to rent out your home for less than 90 days in a rolling calendar year, if all the following conditions are met:

You use a licence agreement, not a tenancy agreement.
You notify your insurer, obtain their approval, and ensure your building insurance remains valid.
You comply with all local authority rules and regulations.
You do not break the rules of any support schemes you are part of (for example, Help to Buy or shared ownership). Permission may be required from the scheme provider and any other lenders involved.
If your home is leasehold, you comply with all lease conditions and obtain permission from the freeholder before renting it out.

If you cannot meet all these requirements, you should follow our Consent to Let process.

Tax responsibilities

Any income you earn from Short-Term Letting must be reported to HM Revenue & Customs (HMRC) or your local authority, depending on your circumstances.

What fees do I need to pay?

If you want to rent out your property for more than 90 days in a rolling calendar year, but don’t have a buy-to-let mortgage, you’ll need to pay a fee for each ‘Consent to Let’ agreement. This is when we agree to let you rent your property for a certain time, even though you still have a residential mortgage.

The fees are:

£120 for giving consent
£120 every year on the same date as the agreement.

You don’t have to pay a fee if you’re:

in the British Armed Forces
living in Tied Accommodation
working abroad for the Foreign & Commonwealth Office.

Information Message

If you’re in the British Armed Forces, working abroad for the Foreign or Commonwealth Office, or living in Tied Accommodation, please contact us after your mortgage is drawn down to set up the Consent to Let.

Do I need to use a tenancy agreement when renting the property?

Yes, you need to use a tenancy agreement to rent out the property, such as an assured shorthold tenancy. You can only use one tenancy agreement for each property.

You must tell your building and contents insurer as, renting out the property might change your insurance cover.

Need help? Speak to our mortgage team

If you'd like more information or want to discuss your mortgage options, contact us.

Please be aware that we can't give you direct advice about your mortgage. If you require advice, consider using a broker or seeking independent advice.