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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.

Questions and Answers: Penrith Building Society consent to let

  • Are you able to give me some advice on what the process is for applying for content to let, what do I need to do. I am considering a Penrith Building Society mortgage on a £140,000 house in earlynext year. The aim would be to hold the house as a second home but I would like to know what options there are to let the property in the future. If our situation was to change the property would either be sold or let out.
  • I want to let my current house and want to buy a bigger house for the family. I have a two year fixed mortgage with Penrith Building Society. Provided I get the consent to let as I understand banks are more than likely to push me towards getting BTL mortgage when the fixed term is finished. Could I remortgage after two years with an alternative lender? What implications does that have apart from the higher rates - do I need a higher equity ratio in the property too ie lower loan to value?
  • Please 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 mention it on the disclosure form. Mortgage is with Penrith Building Society on a fixed rate. Someone mentioned I should obtain consent to let from Penrith Building Society and let the flat for a couple of years.
  • I are looking to lease out our three bed flat in Croydon in July. I would like some advice on what I need to do. I've just moved our Penrith Building Society mortgage to a fixed term and just need to understand the process and what information I'll need to get consent to let.
  • I am looking at some alternative lifestyle. I have a Penrith Building Society mortgage, if I become a non-UK resident but wish to rent my UK house, do I need to get consent to let from Penrith Building Society to do this ?
  • I am looking to get consent to let with my Penrith Building Society residential mortgage. It is a mid terraced house. Do Penrith Building Society grant consent on this basis? Or would it be regarded as an HMO?
  • Are you able to confirm what the process would be if we purchased a second house and need to apply for consent to let for our existing mortgage with Penrith Building Society
  • Will Penrith Building Society grant consent to let my flat? I have an existing homeowner mortgage, never had arrears and have been with Penrith Building Society for nearly since 2013. What fees am I likely to face