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

  • I have been letting out my flat with "consent to let" from Norwich and Peterborough Building Society on a regular mortgage for the last 24 months. Norwich and Peterborough Building Society have advised of their intention of revoking consent to let unless we convert to one of their "buy to let" loans.

  • I currently have a residential mortgage with Norwich and Peterborough Building Society. I have been offered a home as part of my job and would like to let out my current property. My mortgage advisor seems confident that it is a formality. Can you give me some information please?
  • We have an existing mortgage with Norwich and Peterborough Building Society and wish to clarify if it would be possible to gain consent to let out our garden flat in Waltham Forest.

    The rationale for needing to let out the property are are due to: -

    • My wife and I will be relocating to Hong Kong in January.
    • In letting out the house this will facilitate savings to help the migration process.
    • There is little merit from a fiscal point of view to redeem the mortgage for a property which we are no longer residing in and by letting out the property this would be deemed as an ongoing investment.

    If Norwich and Peterborough Building Society agreed that we are able to proceed with renting we would propose 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.
    • Provide our forwarding details for when we relocate.
  • I plan to relocate to another property, I have been at my existing property for eighteen months. Is there a minimum time to spend at a property before Norwich and Peterborough Building Society will give a consent to let?
  • It would be helpful to know if on the balance of probabilities Norwich and Peterborough Building Society will grant consent to let out our home in Camden
  • Evening? I am just enquiring if Norwich and Peterborough Building Society offer consent to let as an option if I decided to lease out my property under a residential mortgage. Is there a specific rule for right to buy property and consent to let?
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with Norwich and Peterborough Building Society. My property is worth approx £250k and owe £48k on it. How likely is it that Norwich and Peterborough Building Society increase my mortgage rate?
  • We are interested in more information regarding consent to let from Norwich and Peterborough Building Society. Would an acceptable reason be parking problems and the property is too to small for me?