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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.
Handelsbanken consent to let: Q and A’s
- I completed on a garden flat in 2014 with a Handelsbanken home loan but want to sublet the property. I want to find a larger property as our kids are growing up and a one room apartment is not sufficient - furthermore if I lease it out I can save some money. Do I require consent to let byHandelsbanken?
- I'm looking to remortgage our old one bedroom apartment, currently let out with consent to let from Handelsbanken, onto a BTL rate as we are unlikely to be moving back into it now since we have our family home. So, I'm assuming I need a specialist broker for this and I am not really conversant with what is on offer in this area. Are you able to recommend an efficient broker service specialising in BTL?
- I'm looking to apply to Handelsbanken for consent to let on our existing residential property in Waltham Forest. I am looking to draw down equity from my existing house ahead of this, and using that money to acquire a further home. I will move into that house whilst renovating it for nine months at which point the intention is to sell it then move back to my existing property. Is this something Handelsbanken will consider consent to let for or is that out of their criteria?
- My fixed rate mortgage with Handelsbanken comes to an end on 21st October. I am about to move to Newcastle for my Job in November. I wish to lease out the house in the short term. Can I get a consent to let the property?
- I am require from Handelsbanken consent to let out my flat in Westminster. I am going to live with my grandmother as I am off work due to ill health.
- My wife and I are interested in discovering more about the Handelsbanken consent to let process and conditions for granting.
- What are the circumstances under which Handelsbanken will turn down a request for consent to let?
- I would like to rent out my home for two years at most. I would like to know if I could have a consent to let by my current mortgage lender Handelsbanken?
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in in addition to the above Handelsbanken consent to let Advice
Tax and Legal
There are numerous potential 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
Failure 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 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 the lease. This could trigger the freeholder commencing forfeiture proceedings.
Co-ownership
Neglecting 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.
Your property may be repossessed if you do not keep up repayments on your mortgage with Handelsbanken