Need Help?

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.

Examples of recent questions relating to Magellan Homeloans consent to let

  • I intend to let out my flat to some tenants who have asked me for sight of my ‘consent to let’ from Magellan Homeloans, my bank. Is this normal?

  • My wife and I may need to rent out our home for a while due to a career opportunity. As we will be away for no more than twelve months would we need a consent to let our house. We already have a Magellan Homeloans mortgage. Is there any criteria for consent to let that the property or individual has to meet?
  • I was just looking for guidance on whether I will be allowed to convert a homeowner mortgage with Magellan Homeloans to a consent to let. It will be less than 70% loan to value and it would change from capital and interest repayment to an interest only loan?
  • As we are relocating and unable to find a buyer for our flat, we are mulling over letting it out. Is it imperative to disclose this to Magellan Homeloans? If we do, I think they will want to change our mortgage to buy to let and load the fees etc which we can't afford. I thought if you continued making my monthly payments it shouldn't be a problem, but am now concerned about insurance connotations if I have let my property out on the sly. Any feedback?
  • I am interested in some guidance on how best to approach my mortgage company Magellan Homeloans regarding a 'Consent-to-Let' application. Is this a task you can offer guidance on ?
  • Is there a fixed or maximum term how long I could let my home out to a family member with consent to let from Magellan Homeloans. I no longer want to live in the area and want to buy a new home?
  • Six weeks ago I purchased my home and took out a mortgage with Magellan Homeloans but my boyfriend has asked me to move in with him. Would I be granted consent to let?
  • Do you know whether there a time limit on a consent to let from Magellan Homeloans? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?