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.

Frequently asked questions relating to Magellan Homeloans consent to lease

  • I have had consent to let from Magellan Homeloans for a while now and they now want to speak with me and I suspect their motivation will be to get rid of me. Do you have any ideas on what I can do next?
  • I wish to let my existing house and want to purchase a bigger house for the family. I have a fixed rate mortgage with Magellan Homeloans. On the basis I get the consent to let as I understand lenders are more than likely to push me towards getting BTL mortgage when the fixed term comes to an end. Could I refinance after two years with another lender? Will it have to be buy to let mortgage and not a residential mortgage?
  • Last month I received consent to let on a residential homeloan with Magellan Homeloans with a view to changing to a buy-to-let rate when the fixed term ends within the next months, so I'm not sure if this adds to the complexity of the issue! Any guidance much appreciated.
  • Last month I got married and my wife and I would like to buy a family home in the coming year, whilst keeping our one bed apartment in Enfield we currently live in to rent out. Mortgage on the flat is with Magellan Homeloans. I don't want to put myself in a situation with two residential properties only to be refused consent to let.
  • My husband and I are planning to ask Magellan Homeloans for consent to let out our house in Havering. We are relocating overseas for three years and need to rent out the property. I omitted to check this out when we got the Magellan Homeloans mortgage, and that was due to the fact that we never foresaw an opportunity like this would come up so was planning on being in the property.
  • I have split up with my wife and we have each moved into our parents house and plan to divorce. What do I have to do to get Magellan Homeloans to give consent to let the property out to students?
  • I wish to let out a room in my flat in Greenwich. Do I need consent to let from my mortgage co Magellan Homeloans?
  • I was wondering if you can assist. I require consent to let from Magellan Homeloans and was wondering if this option is available to me to move to as I must move back home to take care of my father