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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

  • We acquired a garden apartment in 2011 for £147,000 with Yorkshire Building Society. My husband’s job requires him to relocate to Qatar and appreciate that I have to have to get consent to let from Yorkshire Building Society. Do you have any experience of consent to lease from Yorkshire Building Society?

  • I have a mortgage with Yorkshire Building Society and I am thinking of buying a property with my soon to be wife. It's her council house on a right to buy scheme. Would it be possible to switch my Yorkshire Building Society mortgage to rent out my existing property in Bexley even though the property is currently in negative equity.
  • I am looking for some preliminary guidance to consider if consent to let is a viable option. I bought my flat 7 months ago by transferring an existing Yorkshire Building Society mortgage product. My fixed rate ended three months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Yorkshire Building Society, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to switch to a B2L mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to come up with extra capital to meet the 65% LTV ratio required for a BTL mortgage. It would be preferable to get a consent to let from Yorkshire Building Society for a couple of years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • We bought a apartment in Manchester and will be relocating to Kent at the beginning of the month. I have a letting agency and tenant lined up. I was proposing to leave everything as it stands as I'm concerned Yorkshire Building Society will insist that I change my mortgage rate over to a buy to let and am unable to afford that. I appreciate that it would be preferable to gain a consent to let via Yorkshire Building Society but am afraid if I show my hand it would result in no end of problems
  • I currently have a mortgage with Yorkshire Building Society that I would like to transfer to a consent to let as we have found another property we are looking to purchase. How do I apply for consent to let from Yorkshire Building Society and what are the steps within the process?
  • I have a consent to let letter that I have obtained from my management company. I presume I need to send this with a letter to Yorkshire Building Society with a view to securing consent to let from them. What address shall I forward it to?
  • How do I go about gaining consent to let by Yorkshire Building Society? Is there specific policies like you have to reside in the property for over 9 or 12 months before its given?
  • I currently have a residential mortgage with Yorkshire Building Society and plan on letting due to work being based in Luton. In seeking consent to let from Yorkshire Building Society do I run the risk of them forcing me to change deal to buy to let