Newbies' corner
Residential mortgage - do you disclose if you move and rent it out?
CUSP17 · 18/08/2017 10:13
Hi Everyone
Hello and Good Morning
Does anybody recently applied to HSBC for consent letter to let the residential property ?
What is there criteria now to provide Consent to let?
Read some earlier posts from ianstupid and Gonzo33 when in 2011-12 both had been given for consent to let their homes without any problems from HSBC?
What could be possibility now a days if I want to apply for consent to let from HSBC?
Pls advice
Thanks
pingu73 · 18/08/2017 10:22
I work for Halifax and consent to lease is very common so you shouldn't have any issues. You will need to let your home insurance know as well
Dina1234 · 18/08/2017 10:45
If you let it out without telling your lender that would breach your agreement.
CUSP17 · 18/08/2017 11:02
Is there any particular criteria in which Mortgage providers give consent to let?
pingu73 · 18/08/2017 11:05
I don't think so everyone I have put through for consent to lease hasn't had an issue. Just call them xx
revelsandrose · 18/08/2017 11:33
Hi pingu can I just ask what would happen in the other scenario, that you would move into and live in a property that you had a buy to let mortgage on?
pingu73 · 18/08/2017 11:45
As in your living in a property you had buy to let on??
You would need to change it to residential mortgage ... buy to let mortgages can generally have a higher interest rate on anyway so may make financial sense to change it
Depends on what your circumstances are obviously xx
CUSP17 · 18/08/2017 12:37
Hi all
Just spoke to HSBC and they said I need to write in to request for Consent to let in my living in property. It will be for maxi 12 months only and can be applied no more than 2 weeks max from the day you want to property on let.
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