Need Help?

Need professional advice for your consent to let with Paragon Mortgages Ltd? 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 Paragon Mortgages consent to lease

  • I am employed by a letting agency in loc and a potential tenant for the house has demanded evidence of the ‘consent to let’ from the owners lender Paragon Mortgages. Is there a new law that has triggered this question?I have not come accross this before, is this a new legal requirement?

  • What's the difference btw consent to let and buy to let? Also is the property subject to Capital Gains Tax if sold?
  • My plan is to move home. My question is whether consent to let will be given on my house for me to subsequently obtain a mortgage for the new house so I can put in an offer chain free and subsequently rent my property out once I move. Will Paragon Mortgages grant consent to let for a year? If so, and the letting goes well is it possible for the consent to let time limit be prolonged further?
  • It seems as though I will have the chance to go and work abroad in a couple of years. I am therefore considering downsizing to a newer apartment in Camden which I could rent out with less difficulty when the time comes. I would aim to keep half the equity in the new property which would be my home for a while. My existing mortgage provider limits consent to let for 12 months. I anticipate renting it out longer term and not having consent could land me in a whole host of trouble. Buy-to-let seems wrong given that I will be living there, perhaps for 2-3 years initially. What type of mortgage do I ask for, and from whom? Do lenders such as Paragon Mortgages grant consent to let for a longer period?
  • I am looking at moving abroad for work and would like consent to let from Paragon Mortgages whilst I am away. Is the way forward to complete the consent to let form and send it off in the post to Paragon Mortgages? Letting the property isn't to make money but to retain the property in case things don't work out
  • My partner and I are thinking about applying to Paragon Mortgages to obtain consent to let our home, how long does it take from the point of sending the forms to us finding a letting agent and listing our house for rent? and are there any further steps we will need to take?
  • I am currently in the process of applying for a mortgage through Paragon Mortgages - There is a likelihood that in the within months I may decide to rent the property out - how would I change the homeowner mortgage to a BTL mortgage?
  • I need to contact Paragon Mortgages to enquire about renting out our house. Will they post an application to me. Can I not get this from the site?