If you have a residential HSBC mortgage and need to temporarily rent out your property - you can apply for a Consent to Let. This is a temporary agreement obtained from us to provide you with permission to rent your property out. It is a condition of your mortgage that you obtain HSBCs consent prior to renting your property out.
This is usually over a 12 month period and is used for short term/temporary changes in your circumstances without being required to transfer to a Buy to Let mortgage.
If you wish to rent your property out on a permanent basis you'll need to apply for a Buy to Let mortgage.
HSBC won't consider an application for consent to rent out your property until at least 6 months after drawdown of the mortgage except in exceptional circumstances, such as for armed forces personnel.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
† Lines open Monday to Friday 8am - 9pm, Saturday 8am - 8pm, Sunday 9am - 6pm. Calls may be monitored and recorded. Opening hours within the mortgage departments may vary.