Need Help?
Need professional advice for your consent to let with Halifax? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Halifax Consent to Lease Example Support Desk Enquires
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Doing everything by the book I’ve been leasing out my house with "consent to let" from Halifax on a standard mortgage for the previous 24 months. Halifax have just written withdrawing their consent to let if we do not transfer to one of their "buy to let" deals.
- My query does not relate to consent to let, I was wondering if you have an address or telephone number for a dedicated Halifax help desk who processes consent to let applications. Halifax has a first charge over my house.
- My wife and I have a standard mortgage with Halifax. I have been offered a house as part of my job and would like to lease out my existing home. The mortgage broker seems confident that it is straightforward process. Are you able to provide me with some information please?
- Due to a change in personal circumstances my wife and I are moving to my parents house while they are away and letting our flat out. What is best way to approach my mortgage lender for a 'Consent-to-Let' ? We will need to remortgage in the next twelve months will we then switch to a BTL mortgage. We will definitely return to our flat at within the next nine months?
- I was just looking into consent to let as it's something potentially I require from Halifax inside the next 12 months. Our marital situation has changed, and I wish to rent my property out
- I am thinking about letting out my property with consent to let from Halifax, what charges should I expect to pay?
- I was just wondering if Halifax were picky when giving out consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
- I recently bought a property with 10% deposit for personal reasons. A mortgage was taken with Halifax. But my circumstances have now changed. I am being transferred out of the location. Am I able to obtain consent to let from Halifax and put the property up for rent?
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in supplemental the above Halifax consent to let Advice
Tax and Legal
There may be various 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
You must inform your buildings/contents insurer that you are letting your property and failing to do so can render any insurance you have invalid. Especially having public liability cover is very important as it protects you in the event of a third party being injured on your property, not having this leaves you open to claims made by tenants for personal injury or damage to their possessions arising from incidents connected with your property lack of consent to rent.
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 restrictions are not strictly observed you may be in violation of the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to advise 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.
Your property may be repossessed if you do not keep up repayments on your mortgage with Halifax