Need Help?

Need professional advice for your consent to let with Norwich and Peterborough Building Society? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Sample questions relating to Norwich and Peterborough Building Society consent to let

  • Will Norwich and Peterborough Building Society exercise a right to increase interest rates on a standard mortgage where Consent to Let at any time, onto ‘rates in line with their Buy to Let loans'?

  • I have a standard mortgage with Norwich and Peterborough Building Society and will be joining the Royal Fleet Auxiliary in September. This is a civilian manned fleet owned by the MOD. I will be at sea four months on and three months in the UK. During my time on assignment I want to lease out my property in Greenwich and live with my mum and dad when on shore. If Norwich and Peterborough Building Society refuse are there lenders that will allow this?
  • We have an existing mortgage with Norwich and Peterborough Building Society and wish to clarify if it would be possible to receive consent to let out our three bedroom second floor purpose built maisonette in Islington.

    The purpose for wanting to find tenants for the property are as follows: -

    • Me and my wife will be migrating to Hong Kong in 3 months.
    • In renting out the property this will enable us to make some savings to assist with the migration process.
    • It would be pointless from a monetary point of view to pay outright for a property which we are not living and by letting out the property this would be deemed as an ongoing investment.

    If Norwich and Peterborough Building Society granted permission to us for renting we would suggest some financial assurances which are as follows: -

    • Continue to pay the monthly mortgage payment by direct debit.
    • Instruct an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our contact details for when we move.
  • I'm looking to apply to Norwich and Peterborough Building Society for consent to let on our current residential property in Harrow. I am looking to draw down equity from my existing property ahead of this, and making use of that money to acquire a further residential property. I will live in that property whilst doing it up for six months at which point the intention is to sell it then move back to my current property. Is this something Norwich and Peterborough Building Society will consider consent to let for or is that out of their criteria?
  • Last month I got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger property. Will it be possible to get a consent to let on my new mortgage with Norwich and Peterborough Building Society to allow us to get a mortgage also with Norwich and Peterborough Building Society for a new home?
  • I am deliberating on renting my flat will Norwich and Peterborough Building Society invoice me for a consent to let letter?
  • Do I need to wait for consent to let to be given on my prevailing residential mortgage with Norwich and Peterborough Building Society before applying for a resi mortgage on a second property?
  • I have fixed rate mortgage with Norwich and Peterborough Building Society. I am going have to lease out my property due to necessity. Were I to seek consent to let, will I have to pay a lot more interest?