Residential policy
Residential mortgage customers can seek permission from us to let their property on a temporary basis subject to the following conditions:
- The mortgage must be at least 6 months old (except where the customer is a member of the Armed Forces)
- The maximum period we can agree is 24 months
- Lodgers/holiday lets are not acceptable
- There is a fee, currently £125, for each consent to let that is granted
Applicants are reminded that they are solely responsible for ensuring full compliance with all legal and regulatory obligations introduced by the Renters’ Rights Act 2025 when letting their property.
- This Act delivers significant reforms to the private rented sector in England, including the removal of Section 21 “no‑fault” evictions, the introduction of a new assured periodic tenancy framework, and enhanced rules governing rent increases, possession grounds, and tenant protections
- Customers must familiarise themselves with these requirements, as well as any future updates to the legislation, since failure to comply may lead to substantial legal or financial consequence
- Clydesdale is unable to provide legal advice and will rely on customers to ensure that their letting arrangements fully adhere to the Act and all associated regulations