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.
Top Five Questions relating to Halifax consent to lease
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In a worst case scenario what action Halifax can take if I have let out my house if consent to let is not first obtained?
- What is the procedures for obtaining consent to let from Halifax? What evidence do they need? is there a fee to pay? How long the consent is valid for? Do I need to renew it annually? What if I obtain a consent but decide not to let out the property?
- I would like the consent to let forms for Halifax please I am unable to find it on the web.
- I have a three year fixed rate mortgage with Halifax which began in January. I will be moving out in January and have tenants ready to rent my flat. I need to get a letter from Halifax granting consent to let until my term is up to allow me time to move onto a BTL. How do I go about this?
- This is not a question specific to Halifax but do lenders generally provide the information I need for my Buy to Let or Consent to Let self-assessment tax returns?
- Just looking for some information. I currently have a mortgage in place with Halifax. I have been given approval to sublet my apartment from the freeholder of the block and they asked for a copy of the consent to from Halifax.
- I have a mortgage with Halifax and am considering whether to sell or rent in the short term but don't have the equity for a buy to let mortgage at this stage. How feasible are consent to let options currently?
- I was just wondering how to obtain consent to let from Halifax...do I phone them or write a letter to them?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in conjunction with the above Halifax consent to let information
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
If you hold buildings and contents insurance on your property you should review it to make sure it continues to provide the cover you need. It is also important that you update your insurance provider of your change in circumstance, as failure to inform them could result in your insurance becoming invalid. 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 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 obtain their consent in writing.
If you do not keep up the payments on your mortgage with Halifax your property may be repossessed