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.

Common questions relating to Chelsea Building Society consent to lease

  • My partner and I have a residential mortgage with Chelsea Building Society. This has been in place since 2005. We are thinking about renting out our house and renting in an area close to our son's school until we find the right home to purchase. Do Chelsea Building Society ordinarily give consent to let and if so, are there any financial consequences?
  • Two years ago I was granted consent to let from my current mortgage provider which is about to run out. Since I took this out to travel and start a family. My part time salary is not sufficient just now to cover the mortgage by myself. My lender has advised me that I can't extend my consent to let and if I continue renting out I will be in contravention of the terms of my mortgage conditions. As a result of my low income I don't think the buy to let will be approved. One option I am considering remortgaging to Chelsea Building Society. Are they likely to give consent to let from the outset?
  • As a result my job, I am confident that Chelsea Building Society will issue me with Consent to Let from the outset of buying a property. I currently plan to purchase a property in Lambeth and rent it out, I will remain in the house that is provided (rent payable) by my employer. As I will be letting out the property I will clearly have to prepare a Self Assessment Tax Return, but I just want to check that although it is my only property (and it is not on a BTL mortgage), can I utilize Tax relief on the interest on the loan and the expenses of renting out the property. I have only been able to track down information for those with a buy-to-let mortgage, but mine will technically be residential.
  • My wife and I acquired a house in 2006 on shared ownership basis, I own half via mortgage and rent the other half. Last year I bought a new home. I rented out my first property and moved to my new property. I got consent to let from my mortgage company and I was under the assumption I had consent to let from the housing association. Last week I had a phone call from the housing association saying they had nothing on record to evidence I had obtained permission to sublet. What do I do now?
  • Iwould like to let the family home and purchase another. What do I need to show Chelsea Building Society to obtain consent to let?
  • What is the process for getting a consent to let application form from Chelsea Building Society and how quickly can I get the consent?
  • Do you know if I can keep my current homeowner mortgage with Chelsea Building Society if I start renting out? If the consent to let is granted will they tie me into an increased rate?
  • Was wondering how to obtain a consent to let from Chelsea Building Society with whom I have a mortgage with. There is an outstanding balance of 57k. The value of flat is 220k. Its in my name but my wife and I would like to purchase a studio flat in Westminster we have seen together. How do we go about this?