Need Help?
Need professional advice for your consent to let with Handelsbanken? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Frequently asked questions relating to Handelsbanken consent to lease
- I accept that I have been most reckless in not informing Handelsbanken that I’m leasing my one bedroom second floor purpose built flat out. The latest tenants have left the place in a state and I need to claim on malicious damage. I’m nervous that my insurer will contact Handelsbanken, and secondly if they do inform them, what are they likely to do given the absence of consent to let?
- My husband and I have just sorted our rates for another fixed period with Handelsbanken. Subsequently, I went to an interview and basically I accepted the job offer in Lewisham. I'm going to rent a small flat for the family in Ealing as we don't want to sell the house whist there is a possibility that we come back within a couple of years.... We really don't know whether it will go. We have contacted Handelsbanken but we would appreciate your point of view please. How is it to obtain consent to let in that case as we secured a fixed 5 years rate we really don't want to change.
- After having retired in 2014 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 Handelsbanken for consent to let. I was just seeking a general view on whether Handelsbanken currently allows it?
- We intend to rent our one bed flat out. We have made an offer on another property for us to buy and have a tenant to move into ours. I assume I have to ask our lender Handelsbanken for consent to let. Is there a template consent to let request letter I can use?
- My OH and I were curious as to whether it is possible if you own one property with consent to let from Handelsbanken, to purchase another with a homeowner mortgage to live in. Then once the consent runs out on the first property, to switch to buy to let or sell it?
- I have a mortgage with Handelsbanken on a three year fixed term contract. I could have an opportunity for a teaching job in Belgium next summer. Would I qualify for consent to let from Handelsbanken were I to accept this opportunity abroad?
- Can I get an interest only mortgage with consent to let when my current Handelsbanken deal runs out December 26?
- Am I required to wait for consent to let to be given on my existing domestic mortgage with Handelsbanken before applying for a resi mortgage on a new property?
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in further to the above Handelsbanken 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
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 lease may prohibit you from letting or require that you to have a license to do so from the freeholder. If such terms are not adhered to you may be in violation of the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to inform your co-owner of your intention to let could result in them commencing legal proceedings against you. Be sure to obtain their consent in writing.
Your property may be repossessed if you do not keep up repayments on your mortgage with Handelsbanken