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.

Examples of recent questions relating to Norwich and Peterborough Building Society consent to let

  • Nine months ago my bank (not Norwich and Peterborough Building Society) issued me with consent to let. The condition was that every half year they would levy a fee of half a percent of the remaining mortgage amount. Having the first few payments they have omitted to make the charge in recent months. This may be no more than a simple error but I am nervous that it would also mean I no longer have Consent to Let.
  • I would like to move house. The query I have is whether consent to let will be granted on my house for me to subsequently get a loan offer for the new house so I can effectively bid without being part of a chain and subsequently let my property out once I move. Does Norwich and Peterborough Building Society issue consent to let for six months? If so, and the rental goes well can the consent to let time frame be prolonged further?
  • Can you advise if an ERC would be categorised as an allowable expense to be offset against tax for a BTL property? Last year I was going to apply for consent to let from Norwich and Peterborough Building Society on my flat but I ended up changing mortgage provider to get a BTL mortgage. I had to pay an early repayment penalty as I was still in a fixed rate period.
  • Last week I received a decision in principle from Norwich and Peterborough Building Society for a three bedroom house. I have applied via a broker. It is a capital and interest mortgage. I wonder what is the main criteria Norwich and Peterborough Building Society adopt in order to grant customers consent to let? Is consent to let based on the rental multiple on a property?
  • I was just curious as to whether Norwich and Peterborough Building Society would grant consent to let and what kind of charges, penalties and new rates etc
  • I am thinking about renting out my property via a consent to let from Norwich and Peterborough Building Society, what charges should I expect to pay?
  • Please can you tell me the circumstances under which Norwich and Peterborough Building Society would turn down a consent to let application?
  • We are interested to find out more regarding consent to let from Norwich and Peterborough Building Society. Would a valid reason be issues with neighbours and the property is too to small for me?