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.

Recently asked questions relating to Chelsea Building Society consent to lease

  • I have exchanged contracts with a developer for a property in which I was going to move into, but my employer has offered me a posting abroad for three years, can I let the new property with consent to let from Chelsea Building Society.
  • My lawyers have served eviction orders on a tenant who had not paid his rent in 3 months. The relevant proceedings have been served. The tenant's defense for refusal to pay is based on the claim that I lack consent to let my ground floor flat from my lender Chelsea Building Society
  • My mortgage is with Chelsea Building Society and wonder if I am obliged to disclose if we no longer live in my house. I believe that they could load the interest rate if we move and let it out but it's not very apparent what the change would be. Should I decide to lease my house out and seek consent to let in what way would the payments go up?
  • My husband and I currently live in Dubai and letting out our apartment in Southwark. This is not something we planned but an opportunity presented itself and we took it. The rent received on the property is insufficient to cover the mortgage so we send back money each month to make up the difference. Anyway this morning I got a letter in the mail from our lender informing me that because the property is being let out and has been for almost four years we will have to pay 1.5% interest in addition to our current mortgage rate. We could sell the property but this will be difficult as I am so far away. Would it be possible to remortgage with Chelsea Building Society and get consent to let?
  • I would like to understand the requirements that Chelsea Building Society set for consent to let? Are you able to help?
  • Am I required to negotiate consent to let if I let to a family member (in my case my brother now lives there and contributes towards the Chelsea Building Society mortgage)?
  • I currently have a residential mortgage with Chelsea Building Society and plan on letting due to work being based in Manchester. In asking for consent to let from Chelsea Building Society do I run the risk of them forcing me to change deal to BTL
  • My brother and I have four months to run on a two year residential mortgage with Chelsea Building Society but now let the property out. is it safe to assume they will simply charge a flat fee for consent to let?