Need Help?

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.

Examples of recent questions relating to Penrith Building Society consent to let

  • I have a homeowner mortgage over my residence in loc with the intention of moving abroad to country for two years. During this time I want to let out my apartment. My lender is withholding consent to let. It’s hardly ideal to move to a buy to let mortgage as it’s only for a short period that I am going away for.

  • I am planning to email my lender Penrith Building Society setting out the following logic for my request for consent to let ; "I am struggling with the mortgage and thinking about a to move to a smaller place but can't sell. I wish to avoid defaulting on the mortgage and have considered returning the property to you. If you granted consent to let that may solve matters." What are the chances that this will convince them to grant me consent to let?
  • I have a Penrith Building Society mortgage and have been letting out the property minus consent to let, which I am now led to believe means I am in breach of my mortgage contract. They may have suspicions that I am not living there. Is my best option is to dispose of the apartment prior to being repossessed?
  • I have been offered an excellent job opportunity for 6 months in Denmark. I have enough cash reserves to meet the monthly Penrith Building Society mortgage however the block insurance stipulates continuous residency in order not to be invalidated. Last Christmas the roof had some leaks that were repaired. If there happened to be any problems in the winter months I would struggle to cover the repair costs. Would I be eligible for consent to let via Penrith Building Society for the period I am overseas?
  • I have a domestic mortgage with Penrith Building Society - 32% equity or thereabouts. I am considering relocating for another job and was enquiring if Penrith Building Society are flexible in changing the mortgage to allow for consent to let?
  • I am relocating for work for up to twelve months... I was wondering if I was able to gain from Penrith Building Society consent to let the house out while overseas as I am reluctant to leave it empty for that period
  • I am already leasing out my property but may have sussed that I am not living there. I have four months remaining on my fixed rate. Is it simple to get consent to let from Penrith Building Society. Is it just a five minute phone call, pay the fee and that's it?
  • Last month I bought a property with 10% deposit for personal uses. A homeloan was taken with Penrith Building Society. But my circumstances have now changed. I am being transferred abroad. Am I able to get consent to let from Penrith Building Society and put the house up for rent?