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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.

Top Five Questions relating to Magellan Homeloans consent to lease

  • My property recently got consent to let on a standard mortgage with Magellan Homeloans with aim of changing to a BTL rate when the fixed term ends in a few months' time, so I'm unclear if this complications to the issue! Any guidance gratefully appreciated.
  • I have a flat in Islington with a Magellan Homeloans mortgage but I no longer live there. My brother moved in but pays no rent. I currently live in rented accommodation and am looking to purchase a house. I have come across an ideal property at an attractive price. I have sufficient for a deposit to put down on the house I am interested in but would be a financial strain to pay enough off the old property to change it to a buy to let loan at the same time. Can I change the current Magellan Homeloans mortgage for my old apartment into a consent to let and use my savings to pay a larger deposit for the residential mortgage on the property that I am looking to purchase?
  • Am I required to inform Magellan Homeloans of my intention to take in a lodger. I have two spare rooms that could be used by lodgers and I was thinking that as the occupancy remains in keeping with that of the 'family' use of the property it might not require consent to let. Can you help clarify? I am taking independent advice on the insurance, legal and tax ramifications.
  • I got a normal mortgage with Magellan Homeloans last September and then had to relocate due to my job, I am now considering leasing my apartment out for six months whilst I am abroad. Am I able to get a consent to let from Magellan Homeloans, and what effect would this have?
  • I'm gathering some information on whether consent to let is something available to me? We have a mortgage with Magellan Homeloans and are thinking of renting the place out for two years, but cannot really afford to convert to a buy to let mortgage. The estate agent mentioned something about a content to let
  • Good-day, what documents or paperwork would Magellan Homeloans require for a consent to let letter?
  • I would like to rent out my house for a couple of years max. How do I go about getting consent to let from Magellan Homeloans who I have a mortgage with?
  • Will Magellan Homeloans give consent to let my house? I have an existing homeowner mortgage, never been in arrears and have been with Magellan Homeloans for about six years now. What charges am I likely to incur