Need Help?

Need professional advice for your consent to let with Barnsley Building Society (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.

Frequently asked questions relating to Barnsley Building Society consent to lease

  • I am wanting to write to my lender Barnsley Building Society explaining the following reasoning for my request for consent to let ; "I am struggling with the monthly mortgage amount and want to move to a smaller place but can't sell. I am very concerned by defaulting on the mortgage and have thought about handing back the property to you. If you granted consent to let that may solve things." What are the chances that this will result in a positive response?
  • Can you explain "consent to let" to me? I live in a 1 bed apartment and its in good condition. It is on the market and I can't find a buyer. This is because my neighbour is noisey. I was obliged to mention this on the disclosure sheet. Mortgage is with Barnsley Building Society on a standard variable rate. It has been suggested to me that I should get consent to let by Barnsley Building Society and lease the flat to tenants.
  • My understanding is that this is a breach of Barnsley Building Society mortgage policy if I lease out my house having informed that I intend to live there. The intention is to have the mortgage fully paid off after four years, by which time the property will be mortgage free, meaning I no longer require any consent to let. Barnsley Building Society advised me I can overpay as much as I like during the lifetime of the mortgage. I have someone who is interested in renting the property. What checks do Barnsley Building Society do and what are the chances that they are likely to do this? What are the consequences of not obtaining consent to let? From what I have read there is a possibility of Barnsley Building Society bumping up the interest rate
  • My husband is in the army and he has been posted overseas we would like to get something called 'Consent to let' from our lender Barnsley Building Society. Can you help me?
  • I would like to understand the requirements that Barnsley Building Society set for consent to let? Can you help?
  • Do Barnsley Building Society grant consent to let? I am just considering this as an option if I move house in the the near future
  • I am looking to get consent to let with my Barnsley Building Society residential mortgage. It is a mid terraced house. Do Barnsley Building Society grant consent on this basis? Or would it be regarded as an HMO?
  • Me and my husband have an cottage in our garden. Do we need consent to let this from Barnsley Building Society? If so, what is the process if I need to change the mortgage to consent to let?