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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.

Top Five Questions relating to Penrith Building Society consent to lease

  • I bought a garden apartment in 2010 for 305,000 with Penrith Building Society. My husbands career requires that we move to Gibraltar and realise that I need to have to get consent to let from Penrith Building Society. Do you have any experience of consent to let from Penrith Building Society?

  • Is consent to lease required from Penrith Building Society or can I rent out my basement flat without telling Penrith Building Society and having to switch to a buy-to-let loan?

  • I was just looking for advice on whether I will be allowed to switch a standard mortgage with Penrith Building Society to a consent to let. It will be less than 65% ltv and it would change from repayment to an interest only mortgage?
  • At the moment I am looking to acquire my first property however, I am self employed. I want to chose a mortgage company that will permit short term letting with a residential mortgage so that I could let the property for 6-9 months with long periods of absence without being forced into a BTL product. Can you let me know how lenders would perceive this and specifically the approach taken by Penrith Building Society.
  • Can you help me understand the requirements that Penrith Building Society set for consent to let? Can you help?
  • My family circumstances has changed, and I would like to lease my home out - meaning consent to let- I have about £175K loan with Penrith Building Society and currently 90k equity I need to side-step the early repayment fees.
  • My partner is in the process of placing an offer on a new property in Newham and is on to a good deal as it needs renovating. We want to rent our current property for two years and come back to live. Is there anything in the Ts and Cs of my Penrith Building Society mortgage to say I can let it out or do I need specific consent to let?
  • I am thinking of moving in with my fiance at his home and would like to rent out my property that I bought thirteen months ago, I'm just not sure of the process as my property is my first home. What hoops do I need to jump through to obtain consent to let from Penrith Building Society If I obtain consent would my mortgage payments go up?