Need Help?

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.

Recently asked questions relating to Halifax consent to lease

  • We have a Halifax mortgage and are never missed a loan payment, in gainful employment etc. Do you know how much it will cost and if Halifax usually grant consent to let without transferring to a new mortgage product?

  • What options are open to me if my request for consent to let is rejected by Halifax?

  • I am looking for some precautionary advice to consider if consent to let is a viable proposition. I completed the purchase of my apartment nine months ago by transferring an existing Halifax mortgage product. My fixed rate finished three months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Halifax, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to change to a buy to let mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a viable option for myself and 2) I need to raise extra capital to meet the 65% LTV ratio required for a BTL mortgage. It would be preferable to get a consent to let from Halifax for 1-2 years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, reoccupy it.
  • I got a homeowner mortgage with Halifax last December and then had to relocate for work, I am now looking to letting my property out for a year whilst I am away. Am I able to get a consent to let from Halifax, and what effect would this have?
  • Our Halifax mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then seek consent-to-let. Is this possible? We don't use the house much now that our kids are growing up, and would be better used as a rental.
  • I have a mortgage with Halifax but am told they have a policy that they do not issue consent to let the property to a housing association. Is this true and if so, can you suggest a way round this?
  • Is consent to let a cheaper way of renting out your property? Isn't this a loophole for some borrowers to exploit?
  • Are you aware if there is usually a maximum LTV before Halifax will give consent to let?