Need Help?

Need professional advice for your consent to let with Chelsea Building Society (a trading name of Yorkshire BS)? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Sample questions relating to Chelsea Building Society consent to let

  • I have exchanged contracts with a developer for a property in which I was going to move into, but my employer has presented me with the opportunity to work overseas for 2 years, can I let the new property with consent to let from Chelsea Building Society.
  • I currently have a standard mortgage with Chelsea Building Society. I have been offered a property as part of my job and wish to rent out my existing home. My financial advisor seems confident that it is a formality. Can you give me some information please?
  • I rented my house out for three years from 2009-2012 while working overseas. I have a letter dated May 2010 from the lender granting consent to let. In the letter it clearly states that the consent to let is valid for "the remaining term of the mortgage". I have not refinanced since the letter was issued. I now plan to move house and rent out my existing house. However, my mortgage advisor has suggested that the 2010 consent to let letter may not satisfy the new lender Chelsea Building Society for the house I intend to purchase.Can this be right
  • I may have the chance to go and work overseas in a couple of years. I am therefore potentially scaling down to a newer flat in Lambeth which I could rent out with less difficulty as and when required. The intention is to retain 50% equity in the new property which would be my home for a while. My current mortgage co will only provide consent to let for 12 months. I expect to be renting it out longer term and not informing them could land me in a whole host of trouble. BTL seems unnecessarily expensive given that I will be living there, perhaps for 2-3 years initially. What product do I ask for, and from which lender? Do lenders such as Chelsea Building Society give consent to let for more than a year?
  • Please can you tell me the circumstances under which Chelsea Building Society would turn down a request for consent to let?
  • I am currently in the process of applying for a mortgage through Chelsea Building Society - I foresee that in the within months I may decide to rent the property out - how would I swap the normal mortgage to a buy to let mortgage?
  • 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 Chelsea Building Society
  • We are looking to find out more about consent to let from Chelsea Building Society. Would an acceptable reason be parking problems and the house is too big for me to run at this moment in time?