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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.

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

  • Due to problems with the area we live in (it's rough!), we are now looking to move. As disposing of the house will involve early repayment charges to Yorkshire Building Society of £4000, we considered that it would be sensible to rent it out. So, we need to obtain a consent to let from Yorkshire Building Society only 12 months. Will Yorkshire Building Society grant consent?

  • We are currently in Melbourne and renting out our flat in the UK. This was unplanned but an opportunity arose and we took it. The rent we make on the flat is insufficient to cover the mortgage so we transfer money each month to cover the shortfall. Last week I got a letter in the mail from our lender telling me that as the property is being let out and has been for almost two years we will have to pay 1.5% interest in addition to our current mortgage rate. We could sell up but this will be difficult as I am on the other side of the world. Could we remortgage with Yorkshire Building Society and get consent to let?
  • I am currently a Yorkshire Building Society mortgage client seeking consent to let on an existing property. We would like to purchase near where we are based with the Royal Air Force,... but we might have to relocate.
  • My husband and I are soon to send the remaining information to our broker for them to move forward with our mortgage application to purchase our first property together. My husband has another flat in 2003 which he co-owns with his brother. That flat was and continues to be let out in the absence of consent to let from Yorkshire Building Society. Fast forward to our application - our broker is seeking info on the Yorkshire Building Society mortgage. If we admit about the lack of consent to let by Yorkshire Building Society will it materially impact the chances of getting a mortgage?
  • Yorkshire Building Society - consent to let potential. Are you able to advise on the process with this lender? Do they have a minimum period prior to changing and is it possible that I would be required to make a cash injection to reduce the LTV?
  • My mortgage is currently with Yorkshire Building Society and am considering whether to sell or rent in the short term but don't have the equity for a buy to let mortgage at this stage. What are my consent to let options currently?
  • I have 5 months to left on a two year residential mortgage with Yorkshire Building Society but now rent the flat out. Can I assume they will simply charge a set fee for consent to let?
  • I am interested in consent to let for my home mortgaged with Yorkshire Building Society. How do I proceed? Do I have to write to Yorkshire Building Society and get them to agree?