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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.

Frequently asked questions relating to Norwich and Peterborough Building Society consent to lease

  • I have a normal mortgage over my residence in loc and am due to relocate to country for two years. During this time I want to rent out my flat. My lender is withholding consent to let. I wish to avoid taking out a buy to let mortgage as it’s only for a short period that I am abroad for.

  • I am in an impossible situation with a Consent to Let home loan. In response to requesting consent to let my bank has requested that I produce a signed AST before they will grant consent. Is is not the case that if I adhered to their request that I would be violating the terms of my existing mortgage?

  • What is the procedures for obtaining consent to let from Norwich and Peterborough Building Society? What information do they require? is there a fee to pay? How long the consent is valid for? Do I need to renew it annually? What if I obtain a consent but decide not to rent the property out?
  • Can you explain "consent to let" to me? I live in a studio flat and its in good condition. It is on the market and I am struggling to sell. This is because my neighbour is a drunk and assaulted me last year. I was obliged to put this on the disclosure form. I am with Norwich and Peterborough Building Society on a fixed rate. Someone mentioned I should seek consent to let by Norwich and Peterborough Building Society and let the property for a year or two.
  • I would be interested to know whether Norwich and Peterborough Building Society would have an internal record as to whether consent to let was granted for a specific property?
  • Will Norwich and Peterborough Building Society choose to operate a right to change the rates on a domestic mortgage where Consent to Let at any time, onto ‘rates equivalent to their BTL range'? Can one remortgage on a consent to let with Norwich and Peterborough Building Society?
  • I might be looking to lease out my property and wondered what I would need to do to obtain consent to let from Norwich and Peterborough Building Society. There is a possibility that I might be moving abroad for nine months.
  • Do you know whether there a time limit on a consent to let from Norwich and Peterborough Building Society? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?