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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.

Norwich and Peterborough Building Society consent to let: Q and A’s

  • Just looking for some information, I have a mortgage on a flat with Norwich and Peterborough Building Society and I am contemplating the idea of leasing my property out. Could this be done without switching to a buy to let or receiving consent to let from Norwich and Peterborough Building Society?
  • What is the maximum period of time allowable to Norwich and Peterborough Building Society that I would be able to let my property without having to change mortgage or sell my property? In short, my boyfriend has asked me to move in with him and I really want to hold onto my house. I would like the comfort of knowing I still own my own property.
  • As we are relocating and unable to find a buyer for our flat, we are considering letting it out. Am I duty bound to disclose this to Norwich and Peterborough Building Society? If we do, I think they will want to change our mortgage to buy to let and load the fees etc which we can't afford. I was hoping that if I continued making my monthly payments it shouldn't be an issue, but am now worried about insurance implications if we haven't come clean. Any thoughts?
  • I have found myself in the accidental landlord scenario and without consent to let from Norwich and Peterborough Building Society. I had to leave my flat for family reasons, so am now based in another part of the country. At first I tried to sell the flat, but prices were deflated, which meant I was in negative equity. This was a couple of years ago in 2012, which has since seen the property price increase and has given me time to save. I am in now in a position where I can now switch to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Norwich and Peterborough Building Society that I have been letting without consent to let? I appreciate that I shouldn’t have done this, but circumstances wouldn’t allow me to do anything else. Can I change to a BTL without Norwich and Peterborough Building Society knowing what I’ve done?
  • We are planning to relocate to Australia for eighteen months for my job but I don't want to switch my mortgage to BTL as I want to move back into it when I return. Do you know if Norwich and Peterborough Building Society charges extra on the interest? Is there any work around?
  • Last month I got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger home. Will it be possible to get a consent to let on my new mortgage with Norwich and Peterborough Building Society to allow us to get a mortgage also with Norwich and Peterborough Building Society for a new home?
  • I have fixed rate mortgage with Norwich and Peterborough Building Society. I am going have to let out my flat due to necessity. If I apply for consent to let, will I have to pay a lot more interest?
  • I have a mortgage with Norwich and Peterborough Building Society. I am considering moving out and letting out my house. Am I required to obtain consent to let ?