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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.

Questions and Answers: Norwich and Peterborough Building Society consent to let

  • I have a one bedroom apartment in Hounslow let out which has a seventy year lease. Mortgage adviser suggested I should remortgage (currently with Norwich and Peterborough Building Society) as a buy to let rather than consent to let and release 65-70k which on top of a new homeloan based on my income would give me a budget of £210k. Not much about in Hounslow for me to get my own place. A lease extension will be approximately 19k. Rent out with consent to let or sell the flat?
  • A friend of mine recently sought CTL from the Woolwich which they declined as the mortgage had not been in place for six months. I am about to ask for consent to let from Norwich and Peterborough Building Society. Will they adopt the same rule?
  • I currently have a mortgage with Norwich and Peterborough Building Society and the loan to value is presently 60% with the Norwich and Peterborough Building Society current book value and would like to buy another property but would like to keep my existing property at the current market value. I have had CTL from Northern Rock on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with Norwich and Peterborough Building Society need to exceed the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly cost.
  • I have a prevailing Norwich and Peterborough Building Society loan on a house for the last ten years. Since then I've married and live in my husband’s home. My property is currently vacant and have a choice to sell or have someone rent. Obviously this will not be a short term agreement as I can't see me move back in. What should I advise Norwich and Peterborough Building Society with a view to obtaining consent to let?
  • My husband and I have already been told to write a letter to Norwich and Peterborough Building Society to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • Am I required to wait for consent to let to be given on my existing domestic mortgage with Norwich and Peterborough Building Society before applying for a resi mortgage on a second property?
  • My fiance and I have three months to remaining on a two year residential mortgage with Norwich and Peterborough Building Society but now rent the property out. Can I assume they will simply charge a set fee for consent to let?
  • I have a mortgage with Norwich and Peterborough Building Society but am wanting to lease my house out and move in with my girlfriend and baby what would I have to do to obtain consent to let?