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Need professional advice for your consent to let with Barnsley Building Society ? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Barnsley Building Society consent to let: Q and A’s

  • I have a 1st time buyer mortgage with Barnsley Building Society and will be joining the Royal Fleet Auxiliary in August. This is a civilian manned fleet run by the MOD. I will be at sea four months on and three months in the UK. Whilst away I want to lease out my property in Waltham Forest and live with my sister when on shore. What's involved in getting consent to let? Can it be granted? and does it involve an increase in interest rates?
  • I'm six months into a two year fixed mortgage with Barnsley Building Society. The LTV is just 35%. I've got what I think is a really good deal on a one bedroom first floor purpose built maisonette in Haringey which I don't want to miss. It appears that the only way I can get this other property is to take out some good chunk of equity. I'm thinking of letting the existing property which would more than cover the homeloan with Barnsley Building Society. Is it possible to obtain consent to let from Barnsley Building Society and ask for additional borrowing after it's let out?
  • I am looking for our family to move to give us all more space. We are thinking about buying another house in a few years time. Our house is estimated to be worth £185k and we have about £85k left to pay on the Barnsley Building Society mortgage. We would prefer to keep this house if possible and let it out with consent to let. Can you have a mortgage on two properties at the same time or do we first need to discharge our current mortgage?
  • I am in the Royal Air Force and planning to buy a property using a Barnsley Building Society mortgage. I would like to get consent to let the property to my mother and father in law. In the future I plan to reside in the property myself when I leave the Royal Air Force. Is this feasible?
  • I’ve already let but only just realised Barnsley Building Society ought to have been advised and consent to let sought - can this be obtained retrospectively?
  • I currently have a mortgage with Barnsley Building Society, but I am going to move out for approximately a year as we need to be closer to my wife’s father. Will Barnsley Building Society issue consent to let?
  • I am already letting out my property but may have sussed what has been going on. I have 5 months left on my fixed rate. How straightforward is it to get consent to let from Barnsley Building Society. Is it just a five minute phone call, pay the fee and that's it?
  • I would like to find out more about obtaining consent to let on a property. In particular what is the procedure for consent to let if you have a residential mortgage with Barnsley Building Society