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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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What is the most extreme action Handelsbanken can take if I have let out my house in the absence of consent to let?
- My partner and I are looking to buy a maisonette with 10% deposit with the aim of living there. However in the next two years the in-laws plan to move to France for a while so we plan to move into the in-lawsSutton bungalow to "housesit". If we were to go ahead with a residential mortgage with Handelsbanken would there be any issues with switching to consent to let ?
- I am with Handelsbanken and just had to apply for consent to let, but wondered if they pose any stipulations on the level of rental to be received?
- How long after getting a new mortgage will a consent to let be likely to be granted by Handelsbanken? By way of history I bought my property in Haringey 2 years ago and am currently on a three year fixed rate. Not long after I met my partner and now we are looking at moving in to his place. I am planning to get another fixed term next October. I presume that I would have to hold off for at least half a year before I could apply for consent to let. Is that right?
- How easy is it to get a consent to let from Handelsbanken and what does it cost? If I want to let out my property for a few months how simple is it to fluctuate between a normal mortgage and consent to let?
- I am currently in the process of getting a mortgage through Handelsbanken - It is possible that in the within months I may decide to let out the property - how would I switch the normal mortgage to a buy to let mortgage?
- I recently bought a house with 10% deposit for personal uses. A mortgage was taken with Handelsbanken. However my circumstances have now changed. I am being transferred out of the area. Am I able to get consent to let from Handelsbanken and put the house up to let?
- I'm looking to find out more about consent to let from Handelsbanken. Would an acceptable reason be parking problems and the property is too big for me to run at this moment in time?
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in conjunction with 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
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 regular 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 lease may prohibit 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 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 obtain their consent in writing.
Your property may be repossessed if you do not keep up repayments on your mortgage with Handelsbanken