Need Help?

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

Frequently asked questions relating to Penrith Building Society consent to lease

  • In what circumstances will consent to let for a property be given from Penrith Building Society? How long do you have to have had the mortgage before consent to let can be obtained from Penrith Building Society? In order to give you some history I am a young lawyer in a house purchased last July. A dream job offer necessitating moving to Lewisham on a permanent basis has come up. I would be interested in applying for consent to let in the first instance to be able to renting the property out to offset the costs of the Penrith Building Society mortgage.
  • I am currently looking for a mortgage as FTB and considering Penrith Building Society with my broker. Let's say I choose a three year fixed rate I live at the property and after one year, I come to get an opportunity of work relocation requiring moving to a different city. In the case Penrith Building Society issues me consent to let,would the interest rate load the interest rate?
  • I am interested to know how challenging is it to get consent to let from Penrith Building Society. I am considering fixed deals and intend to reside there but want to know what options are open to me if work has opportunities elsewhere for example within the next couple of yrs Could you let me know generally how receptive Penrith Building Society are regarding consent to let?
  • I understand that this is a contravention of Penrith Building Society mortgage policy if I rent out my property having indicated that I intend to live there. The intention is to redeem the home loan after four years, by which time I will become the outright owner, meaning I no longer require any consent to let. Penrith Building Society advised me I can overpay as much as I like during the lifetime of the mortgage. I have someone who is interested in renting the property. What checks do Penrith Building Society do and what are the chances that they are likely to do this? Can you set out repercussions of not obtaining consent to let? From what I have read there is a possibility of Penrith Building Society changing my loan onto a BTL mortgage
  • We are nine months into a five year residential mortgage with Penrith Building Society. Just curious if it's ok to lease out the flat on my current home loan. Will Penrith Building Society grant consent to let?
  • I have just recently purchased my property and took out a mortgage with Penrith Building Society but my boyfriend has asked me to move in with him. Would I be allowed consent to let?
  • I have a mortgage with Penrith Building Society but am wanting to let my house out and move in with my girlfriend and baby what is required to obtain consent to let?
  • What are the implication if a borrower has already rented out the property for some years as an HMO and now want to go legit with Penrith Building Society by obtaining consent to let ? (work on the basis that Penrith Building Society had previously granted a residential mortgage previously)