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
- I have been granted consent to let via Handelsbanken for a while now yet they now want to speak with me and I suspect their motivation will be to rid themselves of me. Can you help?
- I have been offered an excellent job opportunity for 9 months overseas. I have enough savings to meet the monthly Handelsbanken mortgage however the block insurance requires continuous residency in order to be valid. Last winter the roof suffered storm damage but was repaired. If there happened to be any problems in the winter months I would struggle to cover the repair costs. How likely is it that I will get consent to let by Handelsbanken for the period I am abroad?
- I applied for consent but was refused as I did a remortgage in September but Woolwich does not give consent if mortgage is less than 6 months old. Now I am worried when 6 months is gone are they going to find some additional criteria that will not be ok. On the other hand I can remortgage with Handelsbanken but will they give me consent straight away?
- I have a two year fixed rate mortgage with Handelsbanken which began in January. I will be moving out in January and have students ready to let my flat. I need to get a letter from Handelsbanken granting consent to let until my term is up to allow me to start a new mortgage. How do I go about this?
- I’ve already been told to write a letter to Handelsbanken to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
- I am 12 months into a five year domestic mortgage with Handelsbanken. Just curious whether it's ok to lease out the flat on my current home loan. Will Handelsbanken give consent to let?
- I am trying to investigate if it is possible to get a consent to let home loan with Handelsbanken rather than a buy to let mortgage
- I may be looking to rent out my property and wondered what I would need to do to negotiate consent to let by Handelsbanken. I may be emigrating permanently.
Find out more about how flying freeholds can affect the marketability of a property.
Important warnings to consider in supplemental the above Handelsbanken 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
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
Should the tenure of your property be leasehold, the lease may prohibit 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 your covenants under 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 commencing legal proceedings 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