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Consent to let for a holiday let
Newheight13
Posts: 230 Forumite
Hello,
We have 9 months the left on our mortgage with Halifax, do you think they’ll allow consent to let for if we were to go down the holiday let route?
We have 9 months the left on our mortgage with Halifax, do you think they’ll allow consent to let for if we were to go down the holiday let route?
Thanks
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Comments
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look it up or ask them ?2
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9 months to the end of the fixed deal or 9 months until the mortgage is completely cleared?Newheight13 said:Hello,
We have 9 months the left on our mortgage with Halifax, do you think they’ll allow consent to let for if we were to go down the holiday let route?ThanksI'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Newheight13 said:
We have 9 months the left on our mortgage with Halifax,
Do you mean you'll have paid off your mortgage within 9 months? If so, it sounds like you don't need Halifax's consent.
(Or do you mean that you have a fixed rate that ends in 9 months?)
Anyway, It looks like the info you need is here: https://www.halifax.co.uk/mortgages/existing-customers/can-i-rent-out-my-home.html
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The fixed rate ends - thanks0
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I did see that on the Halifax website- when it states - will your mortgage will be paid off in full with them in the next 12 months; does that count if change mortgage provider - as that would technically mean I paid it off in full with them, or does it mean a cash payment in full?Thanks all0
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If you were thinking of changing mortgage provider within the next 12 months, would you still be intending to let the property out? If so, you wouldn't be able to get a residential mortgage plus consent to let, as you wouldn't be living there. The criteria for a BTL are different from those for a residential mortgage, so don't assume that you'd be able to get a similar mortgage with a different provider.0
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No. You might not end up remortgaging for some reason.Newheight13 said:I did see that on the Halifax website- when it states - will your mortgage will be paid off in full with them in the next 12 months; does that count if change mortgage provider - as that would technically mean I paid it off in full with them, or does it mean a cash payment in full?
With less 12 months to run on a mortgage. The balance owing will be relatively small.0
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