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Halifax - Consent to Let - options

2

Comments

  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 6 August 2010 at 3:55PM
    betmunch wrote: »
    That can be Keogh_b's defence in court when the Halifax repossess him/her for breaching the terms of his/her mortgage.

    "Sorry your honour but I think you will find that is just the Halifax trying to rip me off with fees and additional interest, pay no attention to them!"

    That defence will do. They can't put you in prison for it as its not a legal requirement to get a consent to let anyway.
  • betmunch
    betmunch Posts: 3,126 Forumite
    If you breach the terms of your mortgage you face the posibility of being repossessed. Thats all there is to it.

    One of your terms will be that you pay your monthly payments, another will be that it is your main and only home - unless you have consent to let it out.

    A breach is a breach, and maybe there arnt any stories about getting repossessed for not having consent, that doesnt mean you can just ignore that you need it. You could be setting yourself up to be the first.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • new_home_owner_3
    new_home_owner_3 Posts: 1,191 Forumite
    betmunch wrote: »
    . You could be setting yourself up to be the first.

    along with the other odd 50 percent of landlords who do it already, i can point to loads of stories and links to people having their house reposessed for not keeping up payments, but none for not getting consent to let.
  • prudryden
    prudryden Posts: 2,075 Forumite
    If they find out, they will probably just ask you for the back fees. They just want a piece of the pie from the rental income. They certainly don't want the hassle of more properties on their books unless absolutely necessary.
    FREEDOM IS NOT FREE
  • new_home_owner_3
    new_home_owner_3 Posts: 1,191 Forumite
    prudryden wrote: »
    If they find out, they will probably just ask you for the back fees. They just want a piece of the pie from the rental income. They certainly don't want the hassle of more properties on their books unless absolutely necessary.
    i

    i dont think they would say anything, the only time they will say anything is if the other person misses a mortgage payment.,,
  • new_home_owner_3
    new_home_owner_3 Posts: 1,191 Forumite
    Torchboy wrote: »
    What happens if there's a fire or a flood, etc. And then your lender finds out?

    They dont need to find out, you just get landlords insurance that will cover for floods and fire, insurance companies will cover anyone with landlords buidings insurance, they dont check if you have consent, and there is nothing in the terms of landlords insurance to say you are not covered if you dont get consent to let from your lender.
  • CloudCuckooLand
    CloudCuckooLand Posts: 1,905 Forumite
    Lots of people speed, and get away with it.

    If you are the unlucky one caught, you might wish you had not.
    Act in haste, repent at leisure.

    dunstonh wrote:
    Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.
  • new_home_owner_3
    new_home_owner_3 Posts: 1,191 Forumite
    CloudCuckooLand wrote: »
    Lots of people speed, and get away with it.

    If you are the unlucky one caught, you might wish you had not.

    loads of people speed and get caught there loads of stories everywhere about people getting caught for speeding, just google it and see what comes up for speeding?

    then google landlord loses house for not getting consent to let, i think you will find not one story.

    why do people try to scaremonger so much???
  • CloudCuckooLand
    CloudCuckooLand Posts: 1,905 Forumite
    Parliament has spent time and money on an Act to protect Tenants where their Landlord has failed to obtain the correct permission, and repossession arises.

    Is that Act a waste of taxpayers money, because according to you it never happens ?

    http://services.parliament.uk/bills/2009-10/mortgagerepossessionsprotectionoftenantsetc.html
    Act in haste, repent at leisure.

    dunstonh wrote:
    Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.
  • new_home_owner_3
    new_home_owner_3 Posts: 1,191 Forumite
    CloudCuckooLand wrote: »
    Parliament has spent time and money on an Act to protect Tenants where their Landlord has failed to obtain the correct permission, and repossession arises.

    Is that Act a waste of taxpayers money, because according to you it never happens ?

    http://services.parliament.uk/bills/2009-10/mortgagerepossessionsprotectionoftenantsetc.html

    yes thats about reposessions it says nothing about not getting consent to let
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