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.
Frequently asked questions relating to Handelsbanken consent to lease
- I have a mortgage with Handelsbanken. I wanted to buy a second property and my financial adviser advised me to seek consent to let. I had formerly led to believe they only grant consent to let where it is my intention to move back into my current property. Your view would be appreciated?
- Please explain "consent to let" to me? I live in a studio apartment and its in good condition. It has been on with agents for two months and I am struggling to sell. This is probably due to an ongoing dispute with the family next door. I have had to mention it on the disclosure form. Mortgage is with Handelsbanken on a standard variable rate. Someone mentioned I should seek consent to let by Handelsbanken and rent the flat out.
- My OH have a fixed rate mortgage with Handelsbanken for two years and have been living in the apartment for nearly six months. Due relationship issues I need to leave so I would like to let the property out. How can I get consent to let from Handelsbanken?
- My husband is in the army and he has been posted overseas and as we want to move as a family we need 'Consent to let' from our lender Handelsbanken. Can you help me?
- I was just enquiring if Handelsbanken were picky when giving out consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
- Just wanted to know how to get a consent to let from Handelsbanken with whom I have a mortgage with. There is an outstanding balance of 57k. The value of house is 245k. Property is in my name but my wife and I would like to purchase a ground floor flat in Merton we have seen together. How do we go about it?
- Me and my wife and I would like to obtain consent to let on a house where we have a mortgage with Handelsbanken. If granted, how long would consent be given for? In asking for consent to let from Handelsbanken are we running the risk of them forcing us to change deal to B2L
- I was wondering if you could help. I require consent to let from Handelsbanken and was wondering if this option is available to me to move to as I have to move back home to take care of my mum
Find out more about how flying freeholds can affect the marketability of a property.
General Advice to read in conjunction with the above Handelsbanken consent to let Info
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
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 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 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 obtain their consent in writing.
Your property may be repossessed if you do not keep up repayments on your mortgage with Handelsbanken