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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.

Penrith Building Society Consent to Lease Example Support Desk Enquires

  • Just wondered if Penrith Building Society activate a right to put a loading on my interest rate on a regular mortgage where the lender has granted Consent to Let at any time, onto ‘rates akin to their BTL range'?

  • I previously got consent to let from Penrith Building Society three yrs ago but failed to need it and have since remortgaged to a new bank. I recently asked for consent to let. I was informed that it would be forthcoming since their requirements were met. However I received a letter advising me that I must provide a letter from the DWP indicating that that are aware of my current situation before they can issue authorisation. They said this is policy but I have not been able to find these conditions on their site. I did complain about the inference that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £25 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to discontinue claiming
  • I have a mortgage with Penrith Building Society. I would like to buy a second house and my financial adviser suggested I seek consent to let. I was under the impression that they only grant consent to let where it is my intention to go back to my current home. Is this correct?
  • I bought a two bedroom first floor purpose built maisonette in Merton in 2009 and remortgaged with Penrith Building Society on a rate which expires in the coming months. If I go overseas for work and want to rent out my property what would I need to do to get consent to let and what are the financial repercussions if any?
  • Just wondering if it's possible if you own one property with consent to let from Penrith Building Society, to purchase another with a residential mortgage to live in. Then once the consent runs out on the first property, to convert to buy to let or sell it?
  • I am already leasing out my flat but may have been sussed out. I have 5 months left on my fixed rate. How easy is it to get consent to let from Penrith Building Society. Is it just a five minute phone call, pay the charge and it's done there and then?
  • My mortgage has been with Penrith Building Society for seven years. I would like to apply for consent to let my flat. I have been waiting for a response from Penrith Building Society. Are you able to please check and help?
  • I currently have a residential mortgage with Penrith Building Society and plan on letting due to work being based in Manchester. In seeking consent to let from Penrith Building Society do I run the risk of them forcing me to change deal to BTL