If you want to rent out your property, you’ll need to get permission from us before starting the let. There are some things to consider before making your application. If you’re in the British Armed Forces please read the following information charges for British Armed Forces renting out property.


Fees and charges

You'll need to pay a letting application fee and an additional lettings interest rate (after 6 months) if your application is approved. Please see the Tariff of Charges for our current fees.

Letting application fee

The letting application fee applies to all new approved letting applications. If you have more than one mortgage account on the property, only one fee will apply.

After your letting application has been approved the fee will be added to your loan. Your mortgage balance will be recalculated at the year end to take this fee into account and interest will then be charged on the increased balance.

If you'd prefer to pay the fee upfront, you can make a one off payment by Direct Debit, online bill payment, cheque or cash at any of our branches or you can post a cheque to us. Please make your cheque payable to Nationwide Building Society followed by your name and mortgage account number and send it to:

Nationwide Building Society
Mortgage Servicing,
Kings Park Road
Moulton Park Northampton
NN3 6NW.

Additional letting interest rate

For new letting requests* an additional letting interest rate of 1.5% (variable) will be charged on all accounts (exclusions apply) when you have been letting your property for more than 6 months with Nationwide’s permission. Notification of your new monthly payment will be sent approximately 2 weeks before it is due.

* Please note that if you have had a previous letting arrangement in the last 6 months, we will treat this application as an extension of your previous arrangement, unless you can provide us with proof that you have re-occupied the property.

We will give you reasonable notice of any change to the additional letting interest rate. We will notify you of any changes by amending our Tariff of Charges PDF.

How to apply

You'll need to complete a permission to let form. You can obtain the form by calling 08457 30 20 10 or visiting your local branch. Please send your completed form signed by all borrowers to:

Mortgage Servicing - Lettings
Nationwide Building Society
Kings Park Road
Moulton Park
Northampton
NN3 6NW

Remember, you need to talk to your insurance provider to find out if renting out your property will affect your property insurance policy.

If you've already started letting your property

Your mortgage terms and conditions explain that you need permission from us to rent out your property before the let starts and any breach in these conditions could lead to further action being taken. If you have already started renting out your property you’ll need to complete a permission to let form as soon as possible. You can obtain the form by calling 08457 30 20 10 or visiting your local branch. Please send your completed form to:

Mortgage Servicing - Lettings
Nationwide Building Society
Kings Park Road
Moulton Park
Northampton
NN3 6NW

If you can't afford any of the revised letting fees and charges

If you’re facing payment difficulties (even if you are not yet in arrears) please talk to us as soon as possible on 0845 600 9626 as this makes it easier for us to help you. You can find out more about what we can do to help by looking at our payment difficulties support information

Ending your letting agreement

Please write to us with your new postal address so we can update our records. If you still need an alternative postal address, please include confirmation of this and what the current situation is regarding the property. Your letter must be signed by all parties to the mortgage and addressed to:-

Mortgage Servicing - Lettings
Nationwide Building Society
Kings Park Road
Moulton Park
Northampton
NN3 6NW