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.

Frequently asked questions relating to Halifax consent to lease

  • I have a home loan with Halifax on a flat and I wish to find a tenant for it out and rent an alternative house due to changes in personal circumstances - I want to move to a different location, and to live in a larger house with my partner. I sought consent to let and just got reply with a refusal as they determined that I want to invest. I as at a loss as to what my options are. The process has put me at risk since I already have rented a new home and am faced with paying both Halifax and rent, which could put me in financial risk. The matter is urgent as a prospective tenant waiting in the wings
  • I currently have a mortgage with Halifax and the loan to value is presently 60% with the Halifax current book value and I'm looking to acquire a further property but do not want to sell my existing property at the current market value. I have consent to let from another lender on a previous property so know a bit about them and I also have buy to let with Accord on another property. Does the expected rental income on a consent to let with Halifax need to be over and above the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly repayment.
  • Last week I received a DIP from Halifax for a freehold property. I have applied via a broker. It is a capital and interest mortgage. I wonder what is the main criteria Halifax adopt in order to allow borrowers consent to let? Is consent to let based on the rental yield of a property?
  • Is it correct that mortgage providers (I have a mortgage with Halifax) may start adopting a more lenient approach towards consent to let? A broker recently mentioned to me that BTL mortgages are not regulated by the FCA whereas residential mortgages are. So if I move from a standard to a Buy to let I am moving to a regulated product. His belief was that under the current regulation banks are wary of letting borrowers do this, which may explain why some mortgage providers will let customers obtain consent to let but not swap to a BTL mortgage. Is he an accurate assessment?
  • I am seeking from Halifax consent to let out my house in Enfield. I am putting in hand arrangements to move in with my grandmother as I am off work due to ill health.
  • I am looking to Halifax to grant consent to let out my flat in Camden. I am about to commence a PhD opportunity in Maastricht University, Netherlands
  • I was just enquiring how to get consent to let from Halifax...do I call them or write a letter to them?
  • I'm mulling over a remortgage offer with Halifax and it's likely I will need take advantage of any consent to let option if available at some point in the fixed period. Are there any fees I should consider?