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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.
Recently asked questions relating to Halifax consent to lease
- After ten years in the capital, I'm considering relocating to be nearer to family. We've only been homeowners for the last two years and about to refinance with Halifax. In the relocation destination, we are be looking at a 4 bedroom house around the £275k mark. I would preferably like to retain my existing property. Could I ask for Consent to Let from the proposed new mortgage provider Halifax. If granted what are the likely conditions?
- Following retirement last year I acquired a “retirement home” for my wife and myself to move to. We would like to let our current property to our son and I have therefore applied to Halifax for consent to let. I was just seeking a general view on whether Halifax currently allows it?
- In 2003 I was granted permission by the local authority and my lender Halifax to convert a small barn into a granny annex, conditional on it not being disposed of separately from my house. My parents died some years ago and I would now like to lease it out with consent to let from Halifax. Do you think this can be negotiated?
- Just a quick question as a bit in the dark and wondering if Halifax conduct any checks when applying for a homeowner mortgage, I'm ideally looking to rent the property out and am unsure as to whether I should apply for consent to let. How would they find out if I rent the place out?
- Afternoon? I am just curious if Halifax offer consent to let as an option if I decided to lease out my home under a residential mortgage. Is there a specific rule for right to buy property and consent to let?
- My work commitments are changing and this could result in mebe in different locations a lot and in the circumstances I wanted to get to grips with the process for applying for consent to let with Halifax
- I am looking for consent to let for my flat as I am moving out for 6 months currently fixed Halifax mortgage with two years which is up on December next year.
- I was just wondering how to obtain consent to let from Halifax...do I call them or apply formally in writing to them?
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in supplemental the above Halifax consent to let Questions and Answers
Tax and Legal
There are numerous potential 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
Failure to inform your insurance company of your intention to let could invalidate your insurance or leave you under-insured.This means that you could be personally liable for any claim made against you. As a minimum you should ensure that you are covered for any third party liability in respect of injuries to your tenant whilst at your property
Leasehold properties
If your property is leasehold, the provisions in the lease may prevent you from letting or require that you to have a license to do so from the freeholder. If such restrictions are not strictly observed you may be in breach of your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting to inform 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.
Your property may be repossessed if you do not keep up repayments on your mortgage with Halifax