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.

Examples of recent questions relating to Paragon Mortgages consent to let

  • Exciting times as my better half and I are moving to Floridain Month, initially for a little as 9 months but it could be longer term. We have just applied to Paragon Mortgages for consent to let out our property (we have already found tenants). The mortgage has been in place with Paragon Mortgages for 5 years and I am up to date with payments. Paragon Mortgages inform me, that even if they consent to the letting, that this will be limited consent for a period of twelve months. And then what?

  • Much to my surprise I have just been presented with an excellent career opportunity for 9 months abroad. I do have sufficient money to pay the monthly Paragon Mortgages mortgage yet the buildings insurance stipulates that the property must be occupied in order not to be invalidated. Last winter the roof suffered storm damage but was repaired. If there happened to be any problems in the winter months I would find it hard to afford remedial works. Would I be eligible for consent to let by Paragon Mortgages for the time I am overseas?
  • My wife and I are looking to lease our one bedroom apartment out. We have made an offer on a further property for us to purchase and a tenant at the ready to move into ours. I assume I have to ask our lender Paragon Mortgages for consent to let. I wonder if there is a template consent to let request letter I can use?
  • We took a home loan out on a maisonette in August however I will be working outside of commuting distance of Bromley in the medium term but hope to find work closer in the long term. Given that I recently acquired the property I will lose money if I sell and do plan to return to Bromley so would like to keep it. How likely are Paragon Mortgages to allow a consent to let and what are the financial implications ?
  • We have a consent to let letter that I have obtained from my management company. I presume I need to send this with a letter to Paragon Mortgages with a view to getting a consent to let from them. What address shall I forward it to?
  • Does my loan to value need to be at a certain ratio to allow me to apply for a consent to let from my mortgage provider Paragon Mortgages. Will any consideration be given to the fact that I only drew down on the mortgage four months ago?
  • I have fixed rate mortgage with Paragon Mortgages. I may have to lease out my flat due to necessity. If I seek consent to let, will I have to pay a lot more interest?
  • What, if any, income requirements do Paragon Mortgages set for consent to let on an existing standard mortgage?