Posted on 7 February 2011 by jon oates
I am about to join my partners mortgage so we own the property 50/50 with Nationwide. Thing is, I have just been offered a 12m international assignment. We will have a total of 8-9% equity. Will this be enough to get consent to let approval?
A full list of Nationwide's requirements, an application form and details of their charges can be found on their website.
The amount of equity you have is not one of their conditions and so long as you meet the other requirements there is no reason to think they will not grant permission to let. Please note that after 6 months they will load the interest rate charged by 1.50%.
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