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Need professional advice for your consent to let with Halifax? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Questions and Answers: Halifax consent to let
- Can you please advise me what fees Halifax levy for consent to let out part of my garden flat? Any insights would be gratefully received.
- I have a residential Halifax mortgage and am looking to procure consent to let as I would like to move to another home belongings to me. It would appear that might be able to assist. Is there a charge for this service?
- I have a mortgage with Halifax on a property and I intend to let it out and rent another house as a result of changes in personal circumstances - I want to move to a different area, and to live in a larger house with my partner. I sought consent to let and just got reply with a refusal as they felt I want to invest. I as at a loss as to what to do next. I am now at risk since I already have rented a new home and would have to pay both the Halifax mortgage and rent payments, which could put me in financial risk. The matter is urgent because a prospective tenant waiting in the wings
- My wife and I have a flat in Havering which we acquired off-plan just over eight years ago. As the family is growing we need more space. We've found a house in Camden that we wish to buy and want to keep the flat as an investment to rent out. The mortgage is with Halifax and we've found a tenant who will pay rent in excess of the monthly mortgage amount. The question is, can we hold onto the repayment mortgage with Halifax so we effectively paying off our loan on the property or do we have to transfer to a buy-to-let product?
- My lender refuse to grant consent to let without a move in date confirmed with a tenant. How can I confirm this without consent to let? I am not sure but I vaguely recall my friend had a similar issue with Halifax.
- We are interested in understanding the Halifax consent to let procedure and prerequisites for granting.
- Was wondering how to obtain a consent to let from Halifax who I have a mortgage with. There is an outstanding balance of 87k. The value of house is 245k. Its in my name but my wife and I would like to purchase a 2 bed flat in Hounslow we have seen together. How do we go about this?
- Last month purchased my property and took out a mortgage with Halifax but my boyfriend has asked me to move in with him. Would I be allowed consent to let?
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Caveats to be read in in addition to the above Halifax consent to let Questions and Answers
Tax and Legal
There may be various tax and legal (from restrictions on title, lease prohibitions to planning issues) implications when letting out your property. You should always seek the advice of a solicitor and accountant before letting out your property.
Insurance
You must inform your buildings/contents insurer that you are letting your property and failing to do so can render any insurance you have invalid. Especially having public liability cover is very important as it protects you in the event of a third party being injured on your property, not having this leaves you open to claims made by tenants for personal injury or damage to their possessions arising from incidents connected with your property lack of consent to rent.
Leasehold properties
If your property is leasehold, the lease may prohibit you from letting or require that you obtain the consent of the freeholder. If such conditions are not complied with you may be in breach of the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to advise your co-owner of your intention to let could result in them taking legal action against you. Be sure to record their consent in writing.
If you do not keep up the payments on your mortgage with Halifax your property may be repossessed