Need Help?

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.

Recently asked questions relating to HSBC consent to lease

  • My query does not relate to consent to let, I was enquiring as to whether you have an address or telephone number for a dedicated HSBC help desk who processes consent to let applications. HSBC has a first charge over my house.
  • I have a current mortgage contract with HSBC and need clarify if it would be possible to obtain consent to let out our one bedroom ground floor purpose built flat in Newham.

    The rationale for wanting to find tenants for the property are as follows: -

    • My family and I will be relocating to India next spring.
    • By renting out the house this will facilitate savings to support the migration process.
    • There is little merit from a financial point of view to discharge the mortgage for a property which we are not living and by letting out the home this would be viewed as continuing investment.

    If HSBC granted permission to us for renting we would suggest some financial assurances which are as follows: -

    • Maintain paying the monthly mortgage payment by standing order.
    • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our contact details for when we relocate.
  • I am looking for some preliminary advice to see consent to let is a viable proposition. I bought my apartment 6 months ago by porting an existing HSBC mortgage product. My fixed rate ended three months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with HSBC, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to change to a buy to let mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a viable option for myself and 2) I need to find additional capital to satisfy the 65% LTV ratio required for a buy to let loan. Ideally I would like to obtain consent to let from HSBC for 1-2 years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • How long must one own a property before you can get consent to let with HSBC? Once issued, can it be withdrawn at a later date?
  • I have a mortgage with HSBC on a two year fixed rate. I could have an opportunity for a teaching job abroad in a years time. Would I qualify for consent to let via HSBC if I took this job abroad?
  • I have a question I'd like to ask...if consent to let is granted by HSBC would it usually be subject to a time limit, such as one year?
  • Last month I bought a property using a HSBC home loan. However I am currently living with mother and father. I don't want to move in until June 2017 due to personal reasons. In interim can I let out the property with consent to let?
  • Do HSBC give consent to let? I am just considering this in order to move house in the coming months