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09 April 2012

Why can't I remortgage on a consent to lease with halifax

Hi I have a consent to lease with the Halifax as im renting out a 1 bedroom house and we are now renting. Our house is worth 65000 and we were looking to remortgage to buy another house. When we spoke to a mortgage advisor she said that that was fine and we were going to release 21000 from the consent to lease and the rest in a normal mortgage. That was brilliant and we put an offer in our house which was accepted. The only problem now the consent to lease won't let us release any of the money! So it's really upset us. Can they do this and what other options do we have. The house we r after Is a repossession so we need to be quick. Thanks

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