Mittdee

Hello Friends,

Good day.
Need some experience from friends here. I have let my home out since last 3 years and have consent to let from lender Halifax. I have Fixed rate mortgage until Apr 2025, so can I apply for extension of consent to let for another year as I am currently working in middle east?
So far consent to let has been free from Halifax, not sure if this is still the case?
I opted for 5 years fixed rate & I was told the consent to let is generally provided for the fixed team.
Any experience / suggestions welcome
regards
MD

Meow

Have you asked Halifax???

Only the bank can tell you the facts.

Hiten Ganatra

Hi Mittdee,

The consent to let will typically be valid for the duration of the product. When you come to renew the product in April 2025 and if the property is still let then Halifax is likely to not offer you a product transfer and will require you to switch the product onto a BTL.

It is worth mentioning that Halifax only lend on residential/owner occupied properties.

Switching to a BTL shouldnt be a problem as there are over 40 lenders available to UK expat borrowers.