Yorkshire Bank and consent to let?

linzipple

Hi,

Does anyone know if Yorkshire Bank make you switch to a buy to let mortgage, or can they just give consent to let?

My boyfriend and I bought our house 8 months ago and have been given a great opportunity to take on his parents house which is much bigger and in a nicer area. It would set us up for life! (shame it didn't come about 8 months ago!!)

However, we're tied into this mortgage for 3 years and don't want to pay any penalties if we were to sell it. If we could, we'd keep it on forever as an investment. We just need to know whether we'll be made to switch mortgages or just be given consent?

Any help would be much appreciated!

Thanks

Sparrowhawk_2

Yorkshire Bank & Clydesdale Bank are utterly inflexible when it comes to consent to let.

They will insist that you convert your mortgage to a BTL immediately.

Taking in a Lodger is another matter, but in terms our Renting OUT the ENTIRE property for 6months or any other length of time is not allowed.