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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.

Frequently asked questions relating to Penrith Building Society consent to lease

  • My wife and I reside in a house where we have a number of empty rooms. We are exploring the idea of setting up an AirBnB style operation to rent rooms out on a short term arrangement. Is this is likely to be permitted in accordance with Penrith Building Society’s standard 'consent to let' process?
  • Me and my partner bought a apartment in Newcastle and will be relocating to Bristol at the end of January. I have a letting agency and tenant now. I was planning to keep quiet as I'm concerned Penrith Building Society will insist that I change my mortgage rate for buy to let which is not financially feasible. I appreciate that it would be preferable to secured a consent to let via Penrith Building Society but am afraid if I come clean it would result in no end of issues
  • About six months ago I moved out my property in a rush and rented out the property. I know I ought to have obtained consent to let via Penrith Building Society but was not sure what my plans were and it slipped my mind to get consent. I find myself in a situation where I want to sell that house and transfer the Penrith Building Society home loan to a new house. I can't see a path to do this without finding myself at the behest of Penrith Building Society for failing to obtain consent to let. When switching, at the time of selling, you must say you intend to "port the rate" and endure fresh set of affordability checks. While I have no concerns with my financial standing, the credit check may show I don't live there any more.
  • I have been serving in the Royal Air Force for five years and intending to acquire a property using a Penrith Building Society mortgage. I would like to be given consent to let this property to my sister. In years to come I plan to reside in the property myself when I leave the Royal Air Force. Will I need to apply to my superior officer to request permission to rent it out?
  • I was just curious as to whether Penrith Building Society would give consent to let and what kind of fees, penalties and rate increase etc
  • My mortgage has been with Penrith Building Society for six years. I would like to apply for consent to let my house. I have been waiting for Penrith Building Society to get back to me. Could you please check and help?
  • Just wanted to know how to precure a consent to let from Penrith Building Society who I have a mortgage with. There is a remaining balance of 87k. The value of house is 220k. Its in my name but my wife and I would like to purchase a one bedroom second floor purpose built flat in Camden we have seen together. How do we go about this?
  • Is consent to let required from Penrith Building Society if I am planning to occupy the flat myself for three months of the year? Furthermore if I gain consent to let for a limited time, say up to twelve months, what happens after that.