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.
Halifax Consent to Lease Example Support Desk Enquires
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I was thinking of renting out my home and generate some income while I am on vacation. It will only likely be for a month. Will consent to let be needed from Halifax?
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I am a first time buyer hoping to complete on a 2 bedroom house in Halifax. I have a 40% deposit will be getting a mortgage from Halifax. My concern is that my girlfriend inherited a apartment in Maida Vale and I can foresee myself moving in next year, when I would want to let out my house. I I know that consent to let is needed but it does not sound like a guaranteed option. Can you offer any advice?
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My lender has placed me in a difficult predicament with a Consent to Let mortgage. Having sought consent to let the lender has requested that I produce an executed tenancy agreement prior to issuing consent. If I get a signed tenancy agreement would I not be breaching the lender’s terms and conditions?
- What are the chances of Halifax in giving Consent To Let on a one bed flat? Agents have had it on the market for six weeks. I am keen to sell but I'm anxious that given the lack of interest I will have to get a tenant in to cover the mortgage to Halifax (I no longer reside at the address). I would prefer to be open with Halifax than not tell them but I am worried as to how understanding they would be.
- I'm currently have a Halifax mortgage and want to apply for it a consent to let, what do I need to do?
- My husband and I are planning to move to Australia for eighteen months for my job but I don't want to switch my mortgage to BTL as the intention is to reoccupy it when I return. Do you know if Halifax charges extra on the interest? Is there any way around this?
- Assuming that I was successful in obtaining consent to let from Halifax, could I sell during the consent period? Is it possible that I would incur any charges?
- Is there a fixed or maximum term how long I could let my home out to a family member with consent to let from Halifax. I no longer want to live in the area and want to buy a new home?
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in further to the above Halifax consent to let Advice
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
Omitting to inform your insurance company of your intention to let could invalidate your insurance or leave you under-insured.This means that you could be personally liable for any claim made against you. 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 obtain the consent of the freeholder. If such terms are not adhered to you may be in violation of your covenants under the lease. This could potentially result in the freeholder commencing forfeiture proceedings.
Co-ownership
Omitting to advise 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