Need Help?

Need professional advice for your consent to let with Yorkshire Bank Home Loans Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Yorkshire Bank consent to let: Q and A’s

  • Can a new mortgage be taken on a consent to let with Yorkshire Bank?

  • In what situations will consent to let for a property be given by Yorkshire Bank? For what period of time do you have to have had the mortgage before consent to let can be granted by Yorkshire Bank? By way of background:Our home is a very small apartment which is too small for our family, my husband is also unwell and we are far away from family who could offer us a bit of relief, in the form of babysitting. I am looking at procuring consent to let initially in order to renting the property out to cover the expense of the Yorkshire Bank mortgage.
  • Nine months ago my building society (not Yorkshire Bank) granted me with consent to let. The condition was that every 6 months they would add a fee of 0.5% of the outstanding mortgage amount. Having the first few payments they have omitted to make the charge in recent months. Should I be worried that this means that my consent to let has been revoked.
  • I currently have a mortgage with Yorkshire Bank and the LTV is presently 45% with the Yorkshire Bank current book value and would like to purchase another property but would like to keep my existing property at the current market value. I have had CTL from another lender on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with Yorkshire Bank need to exceed the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
  • If we ask for a consent to let letter by Yorkshire Bank will we be made to change to buy to let mortgage? We are with Yorkshire Bank and as houses are not selling at the mo but we have seen one we like we were considering letting our home out in order to acquire the new and dispose of this one if the value improves.
  • If I were to apply for consent to let from Yorkshire Bank how long does it take to get consent to let after you apply to Yorkshire Bank. ?
  • I want to rent a room in my house in Croydon. Do I require consent to let from my mortgage provider Yorkshire Bank?
  • Please can you provide me with details of how to go about gaining consent to let from Yorkshire Bank and what, if any, fees apply.