Consent-to-let Help for Barnsley Building Society (Yorkshire Building Society)

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

• I had a chat with a IFA friend last week. He said that if I decide to move abroad with my job for a period then I should not apply for consent to let from my lender (Barnsley Building Society) until at least four weeks before I plan to let my house. Does that mean I have to find a tenant first and then obtain a consent to let?
• I have a mortgage with Barnsley Building Society on a flat and I wish to rent it out and rent an alternative property as a result of changes in personal circumstances - I want to move to a new area, and to live in a bigger house with my fiance. I applied for consent to let and yesterday got a response refusing as they considered that I want to invest. I dont know what my options are. I am now at risk since I already have rented a new home and am faced with paying both the Barnsley Building Society mortgage and rent, which could expose me financially. The matter is urgent as a potential tenant waiting on the sidelines
• I have just received a mortgage offer with Barnsley Building Society. With any luck I will get keys in the next few weeks, however I may potentially be moved abroad for work. How feasible is it for me to obtain consent to let from Barnsley Building Society within a few months of drawing down on the mortgage. Are there any other options open to me?
• I have a current mortgage contract with Barnsley Building Society and wish to clarify if it would be possible to receive consent to let out our three bedroom first floor purpose built maisonette in Lambeth.

  The reasons(s) for needing to find tenants for the property are are due to: -

  • Me and my wife will be migrating to Melbourne next spring.
  • In renting out the house this will enable us to make some savings to support the migration process.
  • It would be pointless from a fiscal point of view to pay outright for a property which we are no longer living and by renting out the place this would be viewed as an ongoing investment.

  If Barnsley Building Society agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

  • Maintain paying the monthly mortgage payment by standing order.
  • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
  • Supply our contact details for when we relocate.
• My fiance and I acquired a property in Manchester with Barnsley Building Society and am moving to rent a property in Cambridge due to work. Is consent to let from Barnsley Building Societypossible? I am only looking to rent out the flat for six to nine months before selling.
• Will Barnsley Building Society choose to operate a right to convert the rates on a homeowner mortgage where Consent to Let at any time, onto ‘rates equivalent to their B2L range'? Can one refinance on a consent to let with Barnsley Building Society?
• Can you explain the process for obtaining consent to let from Barnsley Building Society? Are there certain policies such as you must have owned the property for a year before its given?
• Last month I purchased a property with 10% deposit for personal uses. A homeloan was taken with Barnsley Building Society. However my circumstances have now changed. I am being transferred overseas. Am I able to obtain consent to let from Barnsley Building Society and put the house up to let?