halifax residential to consent to let??

pritsim

does anyone knw if there is any charge and how long can i turn my currnet mortgage into consent to let for about 2 to 3 years?as i m moving abroad for 2 years?and keep the same deal? i presume i can keep the same deal as its a tracker???

is there a maximum limit for consent to let?

Pete111

Not sure about Halifax but A&L have been happy to allow me to rent out my previously lived in flat for the last 2 years and have just said they are cool with this for at least the the next 5 as I am remortgaging with them on a 5 year fix

They charge me £95 a year, but you can claim the tax back on it so works out at under £60 - compared to remortgaging with a BTL 'deal' (contradiction in terms) I'm quids in.

Maybe give them a shout and talk it through? Your other option is to keep quiet and just get the tenants in but your insurer and the estate agent you may wish to market through will probably ask for confirmation your bank is aware.

Comyface

I don't think halifax will let you keep your tracker deal, sorry. You'll have to choose a consent-to-lease product (and they won't let you have the SVR either for CTL).

They generally issue consent for three years, which is then reviewed. If your LTV is over 85%, they usually only give consent if the reason to let is out of necessity rather than choice (eg. tried to sell but can't or moving abroad etc.) so you should be okay on that point.

I don't think they give consent over the phone, so you're best making an appointment to see someone in a branch to discuss. There's no annual fee, but you may have to pay to get out of your current tracker (if there are ERCs on it) and/or pay a fee for the CTL product.

pritsim

thank you very much for this,my ltv i think should be at least 60% abt 9 months ago it was 40% when i valued my house last summer...

i m just scared of losinf my tracker which ias base plus .79..and move to another deal for about 2 years and then move agin to another deal when i come backk