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

Yorkshire Bank consent to let: Q and A’s

  • Frank (my fiance) and I may need to rent out our Greenwich home for a while due to me taking a sabbatical. This will be for a limited period but possibly for as long as 4 years. Do I inform Yorkshire Bank or do I just keep quiet?

  • Can you clarify if consent to let compulsory from Yorkshire Bank or can I rent out my new house without telling Yorkshire Bank and being forced to switch to a buy-to-let loan?

  • My husband and I would like to be informed of what the policy is for Yorkshire Bank for consent to let. I have come across differing suggestions in relation to fees and rates. I need to relocate for career reasons but can not sell the house due to a difficult market.
  • I am looking for our family to move to give us all more space. We are planning to purchase another house next year. Our house is estimated to be worth £185k and we have about £55k remaining on the Yorkshire Bank mortgage. We would ideally like to keep this house as an investment property and let it out with consent to let. Is it possible to get a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
  • My partner and I are planning to ask Yorkshire Bank for consent to let out our house in Waltham Forest. We are moving overseas for three years and would like to to let it out. I failed to check this out when we took the Yorkshire Bank mortgage, and that was purely because we never thought an opportunity like this would come up so was planning on occupying the house.
  • It is looking as though I may need to move to Miami for a couple of years, I have a property with a Yorkshire Bank mortgage. Do I need to obtain consent to let? Will they be forthcoming?
  • My fiance and I have a mortgage with Yorkshire Bank on our ground floor flat in Lewisham. We are hoping to buy a new house to move into. How do I move our existing mortgage on to consent to let?
  • Are you aware of any discretion in the accepted equity ration before switching from a current Yorkshire Bank mortgage to a consent to let?