halifax mortgage consent to let

ebenji

Hi took out a2yr fixed rate mortgage with Halifax 2 weeks ago after being on the Halifax standard variable. I am now thinking of renting out my flat as a job offer has come up elsewhere. I understand I need consent from lender or buy to let.does anyone know whether Halifax would make me take out another mortgage with higher interest and pay early repayment charges ? The flat is valued around 91000 and mortgage is 71000. I read somewhere that if you are already on a fixed rate the lender may allow to come to end of term before being put on a new product. Be grateful for any info or advice thanks

ACG

They may allow you a consent to let, but from their perspective you have just completed on a mortgage and now want to rent it out, it does look like you have tried to circumvent a BTL mortgage.

You would have to speak to them - ask hypothetically if you want but only they can give you the answer.

ebenji

Thanks for your help I guess if they say no I may be able to cancel the deal i took out and look for buy to let on cheaper rate as have only just taken the mortgage out. Il give them a call next wk with fingers crossed

Dave_Ham

It is a case by case basis, it certainly looks "creative"

I personally have not had any rejected yet for this reason though. As much as possible, I would suggest you leave it as long as you can.

Cant recall the specifics, although their consent to let products are hideous so be aware...

ebenji

Thanks does anyone know if I would be charged early repatment charges on fixed mortgage which are 3% if the Halifax did not give consent to let or said i would have to change to a consent to let product or buy to let mortgage?