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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.

Halifax consent to let: Q and A’s

  • I have a residential mortgage approaching refinancing with Halifax. The property has been sub-let for a few years and I think I should notifyHalifax. I am led to believe that I must apply for consent to let, but given that the property has already been let out could they deny - determine that I go onto a BTL product and even apply a penalty? There is excellent equity - 30% LTV and have never missed any payments.
  • If I took out a new product with Halifax how long must I wait for consent to let without switching from a residential mortgage?
  • I have a flat in Havering with a Halifax mortgage but I no longer reside there. My sister moved in but is there rent free. At the moment I live in rented premises and am keen to buy a house. I have come across a perfect property at reasonable price. I have sufficient for a deposit to use on the house I am interested in but would be a financial strain to pay enough off the old property to switch it to a buy to let mortgage simultaneously. Can I transfer the current Halifax mortgage for my old flat into a consent to let and use my savings to pay a larger deposit for the residential mortgage on the property that I want to buy?
  • As we are relocating and unable to find a buyer for our flat, we are thinking about renting it out. Is it necessary to advise Halifax? I am concerned that Halifax might change our terms. I thought if you continued paying on time it shouldn't be an issue, but am now concerned about insurance consequences if we haven't got consent to let. Any feedback?
  • I need to send the consent to let form by courier and need to know if Halifax have a regular mailing address I can use as couriers ordinarily will not accept deliveries to PO Box numbers.
  • Is it possible to remortgage with Halifax with consent to let if my fixed rate is coming to an end. Circumstances would not have changed.
  • My partner and I have a mortgage with Halifax on our two bedroom ground floor purpose built maisonette in Wandsworth. We are hoping to buy a new house to move into. How do I move our current mortgage on to consent to let?
  • Is consent to let a cheaper way of renting out your property? Isn't this a loophole for some borrowers to exploit?