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Need professional advice for your consent to let with Magellan Homeloans? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Magellan Homeloans Consent to Lease Example Support Desk Enquires

  • We are a young couple and we found a property in Sutton that we like and want to get a mortgage with Magellan Homeloans. The issue is that I am pregnant and about to give birth any time soon as I am on the last few weeks of pregnancy. This wouldn't make it impossible for us to move straight away so we are contemplating living with my mum and dad for about six months. Meanwhile, if we get this property, we can let it out. I was just wondering how will that work out? Are we likely to be given consent to let by Magellan Homeloans
  • I have a residential loan with Magellan Homeloans. I wanted to purchase a second house and my financial adviser suggested I apply for a consent to let. I had formerly led to believe they only grant consent to let if I have the intention to reoccupy my current home. Is this correct?
  • We currently have a 5 year fixed rate mortgage with Magellan Homeloans that we're approximately a year into. Our circumstances have now altered and we wish to let out our house for a year and whilst we relocate to Ealing. What can we do to mitigate the possibility of Magellan Homeloans rejecting consent to let.
  • As a result of changes in my personal circumstances I am planning to move in with my girlfriend next week and I have let my property out to two students on a twelve month AST. I am now applying for consent to let from Magellan Homeloans but what if they decline. I can’t rescind on my contract in terms of backing out of renting the students as the paperwork is finalised. On the flip-side Magellan Homeloans could take action for contravention of mortgage condition i.e. renting it out in the absence of consent to let.
  • I was just curious as to whether Magellan Homeloans would give consent to let and what kind of charges, penalties and new rates etc
  • I am looking at moving abroad for work and would like consent to let from Magellan Homeloans whilst I am away. Is the way forward to complete the consent to let form and send it off in the post to Magellan Homeloans? The point of renting the property isn't to make money but to keep the property in case things don't turn out as well as we hope
  • Magellan Homeloans. Will they grant consent to let a house for 18 months? I reoccupy as a resident.
  • Just wanted to know how to get a consent to let from Magellan Homeloans with whom I have a mortgage with. There is an outstanding balance of 87k. The value of property is 110k. Its in my name but my wife and I would like to purchase a studio flat in Lewisham we have seen together. How do we go about it?