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Halifax - consent to let?
Comments
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kingstreet wrote: »There are a couple of ex-Halifax bods on here. One of them will tell you the status requirements for a request for consent to let.
Things have changed since my time at the Halifax, but historically, the reasons you give for wanting the Consent to Lease would have been looked at favourably.
I suggest you approach them, explain your reasons for needing the CTL, and see what they say.Early retired - 18th December 2014
If your dreams don't scare you, they're not big enough0 -
I'm not sure if it is doable in your situation but a friend wanted to let out their property after being on the SVR rate of about 4% (they were living in the house at the time) they were quoted closer to 6% which made it unfavourable.
They decided to fix for 5 years at slightly higher than SVR, then they asked about moving to consent to let, they had to wait 6 months and they were accepted with no fees etc
This was almost a year ago so not sure if they still do that.....????
But if they do is it an option for you?0 -
You can do a product transfer onto a residential product, then request consent to let. Our Business Development Manager advises us to dot hat for our clients to avoid the higher CTL rates.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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SkinnerY2K wrote: »I'm not sure if it is doable in your situation but a friend wanted to let out their property after being on the SVR rate of about 4% (they were living in the house at the time) they were quoted closer to 6% which made it unfavourable.
They decided to fix for 5 years at slightly higher than SVR, then they asked about moving to consent to let, they had to wait 6 months and they were accepted with no fees etc
This was almost a year ago so not sure if they still do that.....????
But if they do is it an option for you?
I've just asked and it was Halifax they are with, again not saying they'll accept in your personal circumstances but perhaps worth a chat with them?0 -
I did exactly this (obtain consent to let), in a similar situation with one of Halifax's sub-brands. There was no detailed financial check on either me or the rental proposition - just a yes, and a rise in interest rate of 0.5%.
I had much less equity than the OP, too.
It's well worth asking the question, particularly if you know the figures already stack up.0 -
Hi,
I'm on Halifax SVR and looking at letting but want to drop onto the Fixed and then get Consent to let as I dont have 75% LTV and I won't be able to afford a much higher rate initially.
Has anyone tried this recently and was it successful? It seems from this thread that a wait of 6 months is needed, which I don't mind0 -
bump .0
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