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Need professional advice for your consent to let with Yorkshire Bank Home Loans? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Recently asked questions relating to Yorkshire Bank consent to lease

  • I would like to move home. My question is whether consent to let will be granted on my property for me to subsequently obtain a loan offer for the new house so I can effectively bid without being part of a chain and then let my house out once I move. Does Yorkshire Bank issue consent to let for a year? If so, and the rental goes to plan can the consent to let time frame be extended?
  • Since we are relocating and failing to sell our flat, we are considering renting it out. Am I duty bound to advise Yorkshire Bank? If we do, I think they will want to change our mortgage to buy to let and increase rate which we can't afford. I thought if you continued making my monthly payments it shouldn't be an issue, but am now nervous about insurance implications if I have let my property out on the sly. Any advice?
  • Our present property in Wandsworth has probably about £120K equity with a home loan with Yorkshire Bank. It's a nice family house in a popular catchment and it should rent easily. We are possibly moving for my husband's work and were considering keeping this house on as a rental property - should we be swapping the mortgage to a B2L product or can we get consent to let from Yorkshire Bank?
  • I have an offer accepted to buy a property, we have a deposit of between 20-25% for a domestic mortgage with Yorkshire Bank. The small issue is we are due to go overseas in three months for work. We are using a mortgage broker. She says if you tell this to Yorkshire Bank in advance we will need to get a buy to let. Do go ahead with residential mortgage with Yorkshire Bank, shortly thereafter ask them if we can have consent to let? Otherwise, do we try and speak to Yorkshire Bank now and reveal there is a possibility we will move abroad in the future (nothing is confirmed regarding the move abroad) and see if they confirm in advance that it should not be an issue
  • I will have to move to NYC for a couple of years, I have a property with a Yorkshire Bank mortgage. Do I need to ask consent to let? Will they be accommodating?
  • Can I remortgage to Yorkshire Bank from my current provider, with a consent to let or do I need a let to buy loan, and if so what are the LTV's?
  • Does my LTV need to be at a certain level to allow me to apply for a consent to let from my mortgage provider Yorkshire Bank. Will it make a difference that I only drew down on the mortgage four months ago?
  • I am looking to get consent to let with my Yorkshire Bank residential mortgage. It is a mid terraced house. Do Yorkshire Bank grant consent on this basis? Or would it be regarded as an HMO?