Consent-to-let Help for Barnsley Building Society (Yorkshire Building Society)

Questions and Answers: Barnsley Building Society consent to let

• My husband and I are in possession of a mortgage offer from Barnsley Building Society, but we are running up against a serious block. My husband is the deputy head in a boarding school, whereby we are provided with a residence as part of his employment. We wish to buy a garden flat with a view to joining the property ladder, and let it out while we're in school accommodation. I had thought Barnsley Building Society would grant consent to let from the outset of the mortgage. It transpires that we may not be able to get consent to let. Do you have any suggestions?
• I have a current mortgage contract with Barnsley Building Society and wish to clarify if it would be possible to obtain consent to let out our garden flat in Brent.

  The purpose for wishing to find tenants for the property are as follows: -

  • My wife and I will be moving to Melbourne next spring.
  • By letting out the property this will facilitate savings to assist with the migration process.
  • There is little merit from a fiscal point of view to redeem the mortgage for a property which we are not residing in and by renting out the home this would be considered as an ongoing investment.

  If Barnsley Building Society agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

  • Continue to pay the monthly mortgage payment directly from my bank account.
  • Use an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
  • Provide our forwarding details for when we move.
• I vacated my apartment about seven months ago but didn't get around to get a consent to let letter, partly because the mortgage fix rate period is ending in a couple of months and I am considering refinancing anyway. I want to ask for consent now, is that going to open up a hornet’s nest?
• I am looking for our family to move to give us all more space. We are thinking about buying another house in the near future. The house is estimated to be worth £240,000 and we have about £65k left to pay on the Barnsley Building Society mortgage. We would ideally like to keep this house as an investment property and rent it out with consent to let. Can you have a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
• Hi, what documents or paperwork would Barnsley Building Society require for a consent to let letter?
• My son has a mortgage with Barnsley Building Society and he wants to let his flat out as he is moving in with his girlfriend.Will she be granted consent to let? What is the process and what needs to be done next?
• I may be looking to rent out my property and wondered what I would need to do to get consent to let by Barnsley Building Society. I may be moving abroad for six months.
• We are considering a remortgage offer with Barnsley Building Society and it's likely I will require consent to let at some point in the fixed period. Are there any charges I should consider?