In addition to providing information so that we can provide our consent, there is a £85 fee that is applicable in order to make any changes, known as the Consent to Let fee. This fee will be applied to your account when we have confirmed that we are happy to agree to you renting your property out. You can then choose to get in touch to pay this fee, or alternatively, it can remain on your mortgage account but please be aware that this will incur interest at the rate applicable at that time.
If we agree to your request we will apply a 1% interest rate loading to your current mortgage rate, which will remain in place for the duration of the letting agreement. Please read the Consent to Let form for more information.
All of our fees and charges are available to view on our Tariff of Mortgage Charges.
We are covered by the FSCS. You may be entitled to compensation from this scheme if we can’t meet our obligations. This depends on the type of business and the circumstances of the claim. Arranging Residential Mortgages is covered up to a maximum limit of £85,000. Further information is available from the FSCS: www.fscs.org.uk
If for any reason you’re not satisfied with any aspect of our service and want to register a complaint, please click here to find out more.
We can only grant Consent to Let on a mortgage held directly with Skipton Building Society, for any other mortgages please contact your lender directly.