Tenancy Consent-HSBC

barberdave

I am living and working overseas permenantly with a property in the UK which I rent out. My current lenders HSBC no longer offer a buy-to-let mortgage and so gave me 1 year's "Tenancy Consent". However, after making a few enquiries it's going to be impossible for me at the moment to get a btl mortgage that doesn't far exceed the rental income. I would rather not sell until I can get a decent price for the property. I called HSBC and asked what would happen when my current Tenancy Consent came to an end if I haven't got a mortgage elsewhere or sold it, and the anonymouse voice from the call centre told me to call again a week before the ageement runs out and "they should just give you another Tenancy Consent". Good if that's definitely the case but I don't feel completely reassured - does anyone else have any experience here?

cinnamon71

I had a consent to let granted just over 2 years ago from HSBC, property is still rented out and they've not withdrawn consent yet...

JonnyTwoToes

I've had a consent to let for going on three years. They agreed it in the first year and haven't withdrawn it since - infact, it's never been mentioned again. As long a you keep up payments, there shouldn't be a problem.

I had to have the property vacant for three months prior to letting it out though.

Jimbo333_2

JonnyTwoToes wrote: »

I've had a consent to let for going on three years. They agreed it in the first year and haven't withdrawn it since - infact, it's never been mentioned again. As long a you keep up payments, there shouldn't be a problem.

I had to have the property vacant for three months prior to letting it out though.

Which lender Jonny?