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.

Questions and Answers: Chelsea Building Society consent to let

  • I have a residential mortgage over my property in loc and intend to move to country for three years. During this time it would be ideal if I could lease out my apartment. My lender refuses to issue a consent to let. I wish to avoid taking out a buy to let loan as it’s only a short term option that I am going away for.

  • What is the procedures for obtaining consent to let from Chelsea Building Society? What documents do they need? is there a fee to pay? Is consent generally limited in time and if so, for how long? Do I need to renew it every year? What if I obtain a consent but decide not to lease out the property?
  • I cannot locate the form to download "consent to let" on the Chelsea Building Society website. Could you please send me the URL to do it? Thanks a lot.
  • I acquired a garden flat in Havering in 2009 and remortgaged with Chelsea Building Society on a rate which expires in the coming months. If I go overseas for work and want to let out my property what would I need to do to get consent to let and what are the financial repercussions if any?
  • Wewould like to let our home and buy other. What do I need to supply Chelsea Building Society to get consent to let?
  • My fiance and I are planning to ask Chelsea Building Society for consent to let out our home in Hillingdon. We are relocating overseas for three years and would like to to let it out. I omitted to look into this when we took the Chelsea Building Society mortgage, and that was purely because we never foresaw an opportunity like this would come up so was planning on being in the house.
  • Assuming that I was successful in obtaining consent to let from Chelsea Building Society, could I sell during the consent period? Is it possible that I would incur any penalties?
  • I am currently refinancing and investigating the flexibility of certain mortgage providers when it comes to consent to let. Chelsea Building Society is one of the mortgage companies I am thinking of going with. How accommodating are they when it comes to consent to let?