Need Help?
Need professional advice for your consent to let with Handelsbanken? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.
Sample questions relating to Handelsbanken consent to let
- Under what scenarios will consent to let for a property be given from Handelsbanken? How long do you have to have had ownership of the property before consent to let can be negotiated with Handelsbanken? By way of background:We were living in a very small mid terrace house which is too small for our family, my wife is also unwell and we are far away from family who could provide a bit of relief, in the form of babysitting. I am interested in gaining consent to let in the first instance with a view to put a tenant in it to cover the expense of the Handelsbanken mortgage.
- We may need to lease our home out for a while due to a career opportunity. This will be for a limited period we would possibly like a consent to let our property. We currently have a Handelsbanken mortgage. What are the fees involved and time limits on consent to let agreements?
- I have a mortgage with Handelsbanken however my husband and I will be moving to South Africa in September. The mortgage is in my name yet it is my husband's job that is taking us abroad how do I answer the question: 'please indicate why you wish to let the property':
- I rented my house out for three years between 2009-2012 while working abroad. I have a letter dated March 2010 from my building society granting consent to let. In the letter it clearly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not remortgaged since the letter was sent. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not be sufficient for the new lender Handelsbanken for the house I intend to purchase.Can this be correct
- As of today I have a mortgage with Handelsbanken. I am thinking about renting and buying another property but this is all alien to me. How do I apply for consent to let from Handelsbanken and what happens within the process?
- I am trying to find out if Handelsbanken will grant consent to let in a situation where we need to move closer to relatives in a different house albeit that we may move back the future if circumstances change.
- I recently purchased a house with 10% deposit for personal reasons. A mortgage was taken with Handelsbanken. But my circumstances have now changed. I am being transferred abroad. Am I able to get consent to let from Handelsbanken and put the house up to let?
- Is consent to let required from Handelsbanken if I am planning to live in the flat myself for part of the year? In addition if I obtain consent to let for a period of time, say up to twelve months, what happens after that.
Find out more about how flying freeholds can affect the marketability of a property.
Caveats to be read in further to the above Handelsbanken consent to let Info
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
One thing to remember when arranging a consent to let mortgage with Handelsbanken is to switch your existing residential buildings insurance policy to a landlords buildings insurance policy. The insurance premium is marginally more expensive but if you don’t switch your insurance and you need to make a claim then you won’t be covered on your standard residential buildings insurance. 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 lease may prohibit you from letting or require that you to have a license to do so from the freeholder. If such terms are not adhered to you may be in breach of the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting 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 Handelsbanken your property may be repossessed