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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.

Common questions relating to Halifax consent to lease

  • Please can you give me a little info on the consent to let process. I am thinking about taking a Halifax mortgage on a £140,000 house Springnext year. The intention is to hold the house as a second home but I need to consider what options are open to me to let the property in the future. If our situation was to change the house would either be sold or rented.
  • Haringey flat worth £100k. Outstanding mortgage £20k with six years left. Seek consent to let from Halifax for current premises and make use of rent to pay off remaining of the loan. Apply for 70 % Halifax loan on further premises that I will consider to be my main address? Is this possible?
  • Last week offered a job overseas and wondering if it's a good idea letting my house out. Will Halifax permit me to change mortgage or give me consent to let? Should it not be available I will have to consider if it's worth taking the job. I have no objection to paying more as it is likely that I will return and move into my home after 1 to 3 years. My agenda here is not to to make money. Just love my house and wish to return to it at some point in the future.
  • I previously took a mortgage with Halifax and the LTV is presently 60% with the Halifax current book value and I'm looking to buy another property but do not want to sell my existing property at the current market value. I have consent to let from NRAM on a previous property so know a bit about them and I also have buy to let with Mortgage Express on another property. Does the expected rental income on a consent to let with Halifax need to exceed 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.
  • If I am tied into a fixed rate with Halifax but am deliberating on letting out my property, is there a cost for consent to let from Halifax and does the interest rate increase?
  • I have a consent to let letter that I have attained from my management company. I would think I need to attaching this with a letter to Halifax with a view to procuring consent to let from them. What address shall I send it to?
  • Can I remortgage to Halifax from my existing provider, with a consent to let or do I need a let to buy homeloan, and if so what are the LTV's?
  • I have fixed rate mortgage with Halifax. I am going have to let out my property due to necessity. Were I to apply for consent to let, will I have to pay a lot more interest?