Consent-to-let Help for Yorkshire Bank Home Loans Ltd

Frequently asked questions relating to Yorkshire Bank consent to lease

• My partner and I currently live in Hong Kong and leasing out our flat in Redbridge. This is not something we planned but an opportunity came up and we took it. The rental income is not enough to cover the mortgage so we transfer funds each month to make up the shortfall. Earlier today I got a letter in the post from our lender telling me that as the property is being let out and has been for almost two years we will have to pay 1.5% interest in addition to our current mortgage rate. One option is to sell the property but this will be difficult as I am on the other side of the world. Could we remortgage with Yorkshire Bank and get consent to let?
• My wife and I would like to be informed of what the criteria is for Yorkshire Bank for consent to let. I have heard contradictory suggestions in relation to fees and rates. I need to move area for career reasons but I don't want to sell the property due to a depressed market.
• I am in the Royal Air Force and intending to acquire a house with a Yorkshire Bank mortgage. I would like to get consent to let this property to my mother and father in law. In the future I would reside in the property with my family when I leave the Royal Air Force. Will I need to apply to my superior officer to request permission to rent it out?
• I have been renting out my flat to students for two years but not on a BTL mortgage as I naively considered that you only needed a buy to let if you had more than one mortgage. In trying to purchase a second property, I found that I should have had consent to let at the outset from my lender Yorkshire Bank. I'm enquiring whether I can now seek consent to let from Yorkshire Bank?
• This is not a question specific to Yorkshire Bank but do mortgage companies usually supply the information I need for my Buy to Let or Consent to Let self-assessment tax returns?
• My wife and I have a letter to Yorkshire Bank requesting consent to let signed and ready, but I'm not sure what address I should mail this to. Can you please help me with the address?
• I am just finding out some information at this stage. My boyfriend has asked me to move in with him and i'm not keen to sell my property just yet. So now I want to know what I would need to do to get consent to let from Yorkshire Bank
• Yorkshire Bank - consent to let potential. Can you advise on the process with this lender? Do they have a minimum period prior to changing and is it possible that I would be required to make a cash injection to reduce the LTV?