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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.
Recently asked questions relating to Handelsbanken consent to lease
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Exciting times as my partner and I are moving to Floridain Month, initially short-term but it could be longer term. I'm in the process of writing to Handelsbanken for consent to let out our property (we have already found tenants). I have had a mortgage with Handelsbanken for Six years and I am up to date with payments. Handelsbanken advise, that even if they give permission, that this will be limited consent for a single year. And then what?
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Are any options available to me if my request to obtain consent to let is rejected by Handelsbanken?
- I have a mortgage with Handelsbanken and I am planning buying a house with my soon to be wife. It's her council house on a right to buy scheme. Would it be possible to switch my Handelsbanken mortgage to lease out my existing property in Lewisham even though the property is currently in negative equity.
- I acquired a maisonette in Hackney in 2006 and remortgaged with Handelsbanken on a rate which expires in the coming months. If I go abroad and want to rent out my property what would I need to do to get consent to let and what are the consequences?
- My partner and I purchased a property in Kenton with Handelsbanken and am moving to rent a property in Cornwall due to work. Is consent to let from Handelsbankenavailable? I only want to rent out the flat for 6 - 12 months before selling.
- I have a homeowner mortgage with Handelsbanken and with my circumstances changing massively in the last six months, can I apply for consent to let. What changes will affect me?
- Afternoon? I am just wondering if Handelsbanken offer consent to let as an option should I decided to lease out my property under a domestic mortgage. Is there a specific rule for right to buy property and consent to let?
- Is there a time limit on a consent to let from Handelsbanken? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?
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 information
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
One thing to remember when arranging a consent to let mortgage with Handelsbanken is to switch your existing residential buildings insurance policy to a landlords buildings insurance policy. The insurance premium is marginally more expensive but if you don’t switch your insurance and you need to make a claim then you won’t be covered on your standard residential buildings insurance. 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 conditions are not complied with you may be in breach of your covenants under 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 taking legal action against you. Be sure to record their consent in writing.
If you do not keep up the payments on your mortgage with Handelsbanken your property may be repossessed