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
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What options are open to me if my request for consent to let is subsequently refused by Halifax?
- Next month I will be relocating to Hong Kong. As opposed to sell my house, I would like to lease it out, just in case things don’t go as expected. My current mortgage is with Halifax. If I applied for a refinance would a new provider view this as me attempting to avoid a Buy To Let mortgage, of which there is very restricted availability for 80% LTV, and therefore turn down my request for Consent to Let?
- Me and my wife reside in a house where we have numerous empty bedrooms. We are exploring the opportunity of establishing an B&B style operation to rent half the home out on a short term basis. Do you know this is likely to be permitted under Halifax’s consent to let protocol?
- Last month I received consent to let on a domestic homeloan with Halifax with the intention of transferring to a BTL rate when the fixed rate expires in a few months' time, so I'm unclear if this adds to the complexity of the issue! Any advice gratefully appreciated.
- My current mortgage is with Halifax, but I am going to need to get consent to let for approximately a year as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to take a break for twelve months (by living near her mother and stepfather and getting support) in a greener more relaxed suburb of Liverpool.
- I'm applying to change lender to Halifax for a fixed rate but during this period would need to rent the apartment out for just under one year. Do Halifax consent to let on fixed rate mortgages and if so, what are the costs.
- Does my LTV need to be at a certain level to allow me to apply for a consent to let from my mortgage lender Halifax. Will any consideration be given to the fact that I only recently out the mortgage two months ago?
- Do you have the address to which a Consent to Let request to be sent for Halifax? Sorry about bothering you with this query.
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in conjunction with the above Halifax consent to let Info
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
Omitting 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
Should the tenure of your property be leasehold, the provisions in the lease may prevent you from letting or require that you obtain the consent of the freeholder. If such restrictions are not strictly observed you may be in breach of the lease. This could potentially result in 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 obtain their consent in writing.
If you do not keep up the payments on your mortgage with Halifax your property may be repossessed