Consent-to-let Help for Yorkshire Building Society

Frequently asked questions relating to Yorkshire Building Society consent to lease

• Having endured living in a rough area for 3 years now, we are now looking to move. As selling the flat will trigger a hefty early repayment charges to Yorkshire Building Society of £2500, we considered that it would best to rent it out. So, we need to obtain a consent to let from Yorkshire Building Society only for less than a year. What can I do to get consent?

• I am in a difficult predicament with a Consent to Let home loan. In response to requesting consent to let my bank has requested evidence of an executed AST as a prerequisite to granting permission. Is is not the case that if I adhered to their request that I would be violating the lender’s terms and conditions?

• A friend of mine has rented her property from the same landlady for nearly 18 months. During the last year my friend has been getting letters from Yorkshire Building Society (it is apparent from the envelope). Inititially she forwarded them to the landlord’s address. My suspicions were aroused as none of her landlady's post was supposed to be going there. I decided to go to my friends house and called Yorkshire Building Society on her behalf. The gentleman I spoke to at Yorkshire Building Society asked all sorts of queries, the landlord’s name her current address, information on the tenant and then said they would investigate whether she was entitled tolet out the house or if it was an offence without consent to let. What does this mean for my friend?
• What information do Yorkshire Building Society need to to determine whether to grant consent to let. I have a 3 year fix with them. I have a good track record of mortgage payments over several years. I am planning a move to the countryside due to surprising growth of family. My financial circumstances have not deteriorated and in fact my annual income has increased by thirty per cent since the mortgage commenced.
• We are having to move to the US for eighteen months for my job but I don't want to change the mortgage to BTL as I want to move back into it when I return. Do you know if Yorkshire Building Society charges extra on the interest? Is there any way around this?
• I have a mortgage with Yorkshire Building Society on a three year fixed term contract. I could have chance of a teaching position abroad in twelve months time. Am I eligible for consent to let via Yorkshire Building Society if I took this opportunity abroad?
• We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a half year rule before consent to let - does this apply to all lenders. Is there any way Yorkshire Building Society would allow it from the start?
• I hope you can help What do my wife and I need to do to get consent to let from Yorkshire Building Society? And how much equity is needed?