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Need professional advice for your consent to let with HSBC Bank plc? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Questions and Answers: HSBC consent to let

  • A friend of mine suggested that this summer I rent out my flat and generate some income whilst on vacation. I only plan to be away for ten days. Will consent to let be needed from HSBC?

  • We are are looking to join the property ladder, presently renting. We would ideally like to buy a three bedroom ground floor purpose built maisonette in Hounslow. We want to move there, but will need to wait for a job - perhaps 2-3 years. Do we have to get a B2L loan? Would it be possible to take a 1st time buyer mortgage with HSBC, even though we won't be moving in straight away? Or could we live there for half a year, then start renting it with consent to let from HSBC? I'm only evaluating suggestions that are completely legitimate, and have no intention of breaching the terms of the HSBC mortgage.
  • At the moment have a five year fixed term home loan with HSBC that we're approximately a year into. Our situation has now changed and we would like to let out our house for a while and whilst we relocate to Bromley. How do we minimise the risk of HSBC rejecting consent to let.
  • Is it correct that lenders (my home loan is with HSBC) may start adopting a more relaxed approach towards consent to let? A mortgage adviser recently told me that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I switch from a standard to a Buy to let I am moving to a regulated product. He said that under the current regulation banks are reluctant to allow borrowers do this, which is likely why some lenders will permit customers obtain consent to let but not switch to a Buy to let product. Is this plausible?
  • My two year fixed rate with HSBC is about to come to an end shortly and I will change on to the standard variable rate. I would like to know if consent to let by HSBC is a foregone conclusion, if there are cost, and if there conditions?
  • My wife and I are endeavouring to discover which mortgage providers are best for granting consent-to-let without raising rates, and hopefully permitting more than two years where required. Is that something you can assist me with? We are particularly interested in HSBC
  • Prospective tenants are about to rent my property and I have mortgage offer from HSBC on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.
  • We took out a mortgage with HSBC a few months ago and although it's only a possibility we may have to relocate around next September or October and would like to be able to let our house out. Is this possible with a residential mortgage?