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 been offered a once in a lifetime job opportunity for eight months in Denmark. I have enough savings to cover the monthly Halifax mortgage however the buildings insurance requires that the property must be occupied in order to be valid. Last winter the roof was damaged but repaired. If there happened to be any problems through the winter months I would find it hard to cover the repair costs. Will I qualify for consent to let from Halifax for the time I am overseas?
- We have decided to rent our studio flat out. We have made an offer on another property for us to buy and a tenant at the ready to move into ours. I assume I have to ask our mortgage provider Halifax for consent to let. I wonder if there is a template consent to let request letter I can use?
- I am in the Royal Air Force and am looking to buy a home using a Halifax mortgage. I would like to be given consent to let the property to my sister. In years to come I would reside in the property with my family when I leave the Royal Air Force. Will I need to apply to my superior officer to request permission to rent it out?
- How long after taking out a new mortgage do I have to wait before I can seek consent to let from Halifax? To give some background I bought my apartment in Southwark nearly two years ago and am currently on a three year fixed rate. I since met a guy and plan to move in to his place. I am planning to get another fixed term next June. I assume that I would have to wait at least half a year before I could seek consent to let. Is that right?
- Interested to know if I would be able to get consent to let from Halifax enabling me to move back in with my mother and father for 12 months and save the cash to extend the lease on my flat?
- I have Halifax mortgage and am considering leasing out the property. I am lead to believe that I would need a consent to let to do this...is that true ?
- My husband and I have had my home loan with Halifax since 2006 and always made payments If I sought consent to let would it be granted?
- Me and my partner am looking into the option of leasing out my house with consent to let from Halifax whist away travelling for six months
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in in addition to the above Halifax consent to let Questions and Answers
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
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 notify them could result in your insurance becoming null and void. 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
If your property is leasehold, the provisions in the lease may prevent you from letting or require that you to have a license to do so from the freeholder. If such restrictions are not strictly observed you may be in breach of the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting to inform your co-owner of your intention to let could result in them taking legal action against you. Be sure to record their consent in writing.
If you do not keep up the payments on your mortgage with Halifax your property may be repossessed