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
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I bought a terraced property in 2013 for £147,000 with HSBC. My husbands career requires that we move to Qatar and realise that I need to request consent to let from HSBC. Will they grant consent?
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What options are open to me if my request for consent to lease is subsequently refused by HSBC?
- I am looking to get a consent to let from HSBC as my personal situation has altered. My stepdaughter was starting university and I concluded that we would move to the area and opted to buy a house as opposed to rent for 3 years. After having bought the house there has been serious deterioration in my relationship with my my step daughter and she won't live in it. Given that the whole idea was for her and the house location is not particularly ideal for my work I would like to move out and let the house
- I'm nine months into a two year fixed mortgage with HSBC. The LTV is just 50%. I've found a really good deal on a maisonette in Camden which I don't want to miss. It appears that the only way to purchase the other property is to take out some good chunk of equity. I'm thinking of letting the current property which would adequately cover the mortgage with HSBC. Is it possible to obtain consent to let from HSBC and and then seek an equity release after it's rented?
- What is the longest period that HSBC is willing to grant me the Consent To Let for?
- I am already renting out my flat but may have been found out. I have five months left on my fixed rate. Is it simple to get consent to let from HSBC. Is it just a quick phone call, pay the charge and that's it?
- I am interested in some advice on how best to approach my mortgage company HSBC regarding a 'Consent-to-Let' application. Is this something you can offer guidance on ?
- 17 months into homeloan with HSBC due to work reasons need to relocate. Is it possible to get buy to let or consent to let.
Find out more about how flying freeholds can affect the marketability of a property.
Information to consider in further to the above HSBC consent to let Questions and Answers
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
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 terms are not adhered to you may be in violation of the lease. This could trigger 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 record their consent in writing.
If you do not keep up the payments on your mortgage with HSBC your property may be repossessed