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.
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.
Just wondered if any of your clients had recent experience asking for Consent to Leasefora year from Halifax or whether you have any advice as to how such approval is given.
Halifax have just granted me consent to let. After some effort, Halifax have issued me with ‘consent to let’ confirmation . There is reference to an assured shorthold tenancy. What is that?
I am a first time buyer hoping to complete on a 2 bedroom house in Halifax. I have a healthy deposit with a mortgage from Halifax. My dilemma is that my girlfriend owns a apartment in London and I can foresee myself moving in next year, when I would want to let out my property. I have heard of consent to let but it does not sound like there is any certainty. Can you offer any advice?
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.
Omitting 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
If your property is leasehold, the provisions in the lease may prevent 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 your covenants under the lease. This could trigger the freeholder commencing forfeiture proceedings.
Failure 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.