Need Help?

Need professional advice for your consent to let with Paratus AMC Ltd? 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 Paratus AMC consent to lease

  • A couple of years ago I was granted consent to let from my existing mortgage provider which is about to come to an end. I have since been traveling and had my first child. My part time salary is not sufficient just now to cover the mortgage on my own. I have been told I can't extend my consent to let and if I continue renting out I will be in action would be taken for breaching my mortgage contract. Due to affordability I don't think the buy to let will be approved. One option I am considering remortgaging to Paratus AMC. Are they likely to grant consent to let from the start?
  • I would like to buy a second property having recently bought a one bedroom apartment on normal mortgage. Planning to purchase next year. I have been advised that I may have to get a consent to let from Paratus AMC, my current mortgage provider? What is the best way to go about this and procure the permission needed.
  • Having spent 17 years in Manchester, I'm considering relocating to be nearer to family. We've only been homeowners for the last two years and about to refinance with Paratus AMC. In the relocation destination, we are be looking at a 4 bedroom property around the £275k mark. I would preferably like to keep hold of my existing apartment. Could I ask for Consent to Let from the proposed new lender Paratus AMC. If granted what are the likely conditions?
  • I have a fixed mortgage with Paratus AMC (with a little under two years remaining) but due to redundancy want to move away from London (actually to a new job in Belgium) and so wish to let the property out. We are keen to avoid the expense of a repayment charge and understand that some lenders happily grant this 'consent'...what is the policy adopted by Paratus AMC?
  • Please can you tell me the circumstances under which Paratus AMC would turn down a request for consent to let?
  • Am I required to wait for consent to let to be given on my current residential mortgage with Paratus AMC before applying for a resi mortgage on a new property?
  • My wife and I spoken to someone at Paratus AMC about switching our current mortgage to consent to let (the existing fixed rate expires in spring next year). Can I just confirm that I need to send a letter setting out our change in circumstance to Paratus AMC? Where do I need to send the letter to?
  • I was just wondering if there are any charges in getting consent to let on a freehold property when I have a mortgage with Paratus AMC