Need Help?

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

Frequently asked questions relating to Yorkshire Building Society consent to lease

  • Finding myself between a rock and a hard place with a Consent to Let mortgage. Reacting to my requisition for consent to let the lender has requested evidence of a signed tenancy agreement prior to issuing permission. If I get a signed tenancy agreement would I not be violating the lender’s terms and conditions?

  • Am I required to notify Yorkshire Building Society of my intention to take in a lodger. I have two spare rooms that could be used by lodgers and I was thinking that as the occupancy remains in keeping with that of the 'family' use of the property it might not require consent to let. Can you help clarify? I am taking separate advice on the insurance, legal and tax ramifications.
  • My property has had a mortgage against it with Yorkshire Building Society from 2000. Fast forward and I have got married and live in my husband’s home. As of today the property is empty and have a choice to sell or let it out. Obviously this will not be a short term proposition as the prospect of moving back is unlikely. What should I tell Yorkshire Building Society with a view to obtaining consent to let?
  • My partner and I currently live in Hong Kong and renting out our property in the UK. This is not something we planned but an opportunity came up and we took it. The rental income is insufficient to cover the mortgage so we transfer funds each month to make up the difference. Last week our lender got in touch informing me that as the property is being let out and has been for almost three years we will have to pay 1.5% interest in addition to our current mortgage rate. One option is to sell up but this will be far from easy as I am so far away. Could we remortgage with Yorkshire Building Society and get consent to let?
  • I'm intending to change mortgage provider to Yorkshire Building Society for a fixed rate but the likelihood is that I will need to rent the flat out for about one year. Do Yorkshire Building Society consent to let on fixed rate mortgages and if so, what are the procedures.
  • My fixed rate loan with Yorkshire Building Society ends in April and have to move with work soon after. What are the chances that I will be able to both refinance and gain consent to let?
  • Do Yorkshire Building Society grant consent to let? I am just considering this in order to move house in the the near future
  • We have an cottage in our garden. Do we need consent to let this from Yorkshire Building Society? If so, what is the process if I wish to switch the mortgage to consent to let?