Need Help?

Need professional advice for your consent to let with HSBC Bank plc? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Common questions relating to HSBC consent to lease

  • I have a house in Enfield but I am moving with my girlfriend to a different city for career reasons and moreover near her university. I would like to retain the house but it is unlikely that I can afford a BTL rate. It will only be short term -two years until my girlfriend completes her degree and I can sell, or move elsewhere. My mortgage is with HSBC. Is there a chance I won't be approved for consent to let?
  • Given we are relocating and unable to find a buyer for our property, we are thinking about letting it out. Am I duty bound to disclose this to HSBC? If we do, I think they will want to change our mortgage to buy to let and load the fees etc which we can't afford. I was thinking that as long as I continued paying on time it shouldn't be a problem, but am now nervous about insurance implications if we haven't got consent to let. Any feedback?
  • I am may soon need to apply for consent to let from my current mortgage provider HSBC. A friend of mine said that she was given ‘consent to let’ confirmation from a different lender where conditions attached to the consent referred to an assured shorthold tenancy. Can you explain what this is?
  • I have found myself in the accidental landlord category and didnt inform HSBC. I had to leave my home for career reasons, so now rent in another part of the country. At first I attempted to sell the flat, but prices were deflated, which meant I was in negative equity. This was a couple of years ago in 2012, the value has increased and has given me time to accumulate savings. I am in now in a position where I could convert to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert HSBC that I have been letting without consent to let? I am aware that I shouldn’t have done this, but circumstances forced my hand. Any help will be greatly appreciated?
  • What is the process for getting a consent to let application form from HSBC and how quickly can I get the consent?
  • My fixed rate loan with HSBC ends in August and have to relocate for work then. What are the chances that I will be able to both remortgage and get consent to let?
  • I have HSBC mortgage and am thinking of renting out the property. I understand I would need a consent to let to do this...is that right ?
  • I have fixed rate mortgage with HSBC. I am going have to lease out my place due to necessity. Were I to seek consent to let, will I have to pay a lot more interest?