Been refused consent to let by Halifax

new_home_owner_3

phlash wrote: »

it's her choice afterall.

and she will make that herself, im surprised you put that the way you go on.

phlash

Its not about the way I go on, its about receiving the correct advice / opinions.

Whatever way we look at it, angrily or calmly, it is not the correct or advisable thing to be doing. Consealing the truth about letting etc is fraud. Fact.

grey_lady

Actually nobody on this thread has correctly quoted any law.

What there has been is a lot of scaremongering and unpleasantness mainly coming from smallscale BTL landlords who dont want people to rent out their homes as it means less business for people like them. They'd far rather you sell at a loss and then they can buy your property up cheaply. Had any PM's yet OP?

A couple of years ago all you had to do was call up the lender for permission to let, as it still is with other lenders but now Halifax are making you go in, chat with a salesman and making you sign up to a more expensive rate plus a huge arrangment fee. I suspect that the OP will be able to get Halifax's consent if she argues it enough with them but it will be at an expensive rate. All together now - 'banks are not your friend'

I personally believe that the only way a lender will bother repossesing is if the mortgage repayments arent met, which they will do whether or not consent to let has been given, other opinions may differ but to say that someone who hasnt got consent to let therefore must be a bad landlord to me just isnt true.

emmajayne1982

Thanks Grey_Lady - no, I have not had any PM's.

I completely agree about Halifax as well, I originally went into the branch back in November when the re-location first looked like it was going to happen.
They changed my rate from the standard variable to a 'product' of fixed term for 3 years and of a higher interest rate. They charged me £1000 for doing this.
The woman at the Halifax said that consent to let would not be considered on standard varaible but at no point did she tell me that my consent to let would not be possible based on my situation.

It now looks like I would have been better off staying on the Standard Varaible as I would be paying less each month AND I would have £1000 less on my mortgage.

new_home_owner_3

grey_lady wrote: »

Actually nobody on this thread has correctly quoted any law.

What there has been is a lot of scaremongering and unpleasantness mainly coming from smallscale BTL landlords who dont want people to rent out their homes as it means less business for people like them. They'd far rather you sell at a loss and then they can buy your property up cheaply. Had any PM's yet OP?

A couple of years ago all you had to do was call up the lender for permission to let, as it still is with other lenders but now Halifax are making you go in, chat with a salesman and making you sign up to a more expensive rate plus a huge arrangment fee. I suspect that the OP will be able to get Halifax's consent if she argues it enough with them but it will be at an expensive rate. All together now - 'banks are not your friend'

I personally believe that the only way a lender will bother repossesing is if the mortgage repayments arent met, which they will do whether or not consent to let has been given, other opinions may differ but to say that someone who hasnt got consent to let therefore must be a bad landlord to me just isnt true.

here, here:)

new_home_owner_3

emmajayne1982 wrote: »

Thanks Grey_Lady - no, I have not had any PM's.

I completely agree about Halifax as well, I originally went into the branch back in November when the re-location first looked like it was going to happen.
They changed my rate from the standard variable to a 'product' of fixed term for 3 years and of a higher interest rate. They charged me £1000 for doing this.
The woman at the Halifax said that consent to let would not be considered on standard varaible but at no point did she tell me that my consent to let would not be possible based on my situation.

It now looks like I would have been better off staying on the Standard Varaible as I would be paying less each month AND I would have £1000 less on my mortgage.

they are just greedy, thats well out of order changing you to a fix rate saying you wont get consent to let, knowing full well you couldnt get it anyway, they deserve all they get and i hope no one asks for consent to let they are just robbing bxxxtards.

grey_lady

'The woman at the Halifax said that consent to let would not be considered on standard varaible but at no point did she tell me that my consent to let would not be possible based on my situation.'

If you feel that you were missold then that's a case for ombudsman isnt it? I'd mention that when you next speak to them.

VIGILANT22

grey_lady;

You're just another irresponsible borrower who wants a tenant to bail you out of yr financial situation..see thread & quote...

http://forums.moneysavingexpert.com/showthread.html?p=31002095&highlight=#post31002095


Post 6 By Grey_Lady... Doesnt really affect tenants - as long as they have a roof over their head and the mortgage is still being paid - why would they care.



http://england.shelter.org.uk/get_ad...ndlords_lender

Can people with mortgages legally grant a tenancy?

Yes, but only if their mortgage deed says it is allowed and/or they have their lender's permission. Most mortgage agreements do not allow tenancies to be granted without permission, and many lenders will try to repossess the property if they find out that this has happened

Why don't you fone Shelter and tell them Quote.... "I personally believe that the only way a lender will bother repossesing etc......

new_home_owner_3

grey_lady wrote: »

'The woman at the Halifax said that consent to let would not be considered on standard varaible but at no point did she tell me that my consent to let would not be possible based on my situation.'

If you feel that you were missold then that's a case for ombudsman isnt it? I'd mention that when you next speak to them.

I would definately point this out, i threatened my bank with them and they back peddled and gave me consent to let.

@vigilante why dont you do one you boring twxt!!!

phlash

Oh dear......

Get reading guys.....

The LAW and mortgage fraud......

http://www.lawsociety.org.uk/productsandservices/practicenotes/mortgagefraud/2607.article#mf2_1