Consent-to-let Help for Paratus AMC Ltd

Sample questions relating to Paratus AMC consent to let

• Me and my husband have a Paratus AMC home loan and are are up to date with payments, in gainful employment etc. Do you know how much it will cost and if Paratus AMC are likely to give us consent to let without porting the loan to a different deal?

• As a result my job, I am in a position where I anticipate that Paratus AMC will provide me with Consent to Let from the outset of purchasing a property. I currently plan to purchase a property in Haringey and let it out, I will remain in the house that is provided (rent payable) by my employer. As I will be letting out the property I will clearly have to prepare a Self Assessment Tax Return, but I just want to check that although it is my only property (and it is not on a BTL mortgage), will I still be able to utilize Tax relief for the interest on my loan and the associated costs of renting out the property. I have only been able to track down information for those with a buy-to-let mortgage, but mine will technically not be B2L.
• I want a bit of initial advice to consider if consent to let is a viable option. I bought my flat 6 months ago by porting an existing Paratus AMC mortgage product. My fixed rate ended three months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Paratus AMC, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to transfer to a buy to let mortgage yet for 2 reasons: 1) I need to discover if it is a marketable property with rents higher than my mortgage payments and 2) I need to find additional capital to satisfy the 65% LTV ratio required for a BTL mortgage. Ideally I would like to receive consent to let from Paratus AMC for a couple of years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
• I have an offer accepted to purchase a property, we have a deposit of between 10-15% for a domestic mortgage with Paratus AMC. The small problem is we may go overseas in three months for work. We are using a financial adviser. She says if you tell this to the lender in advance you will need to get a buy to let. Do go ahead with residential mortgage with Paratus AMC, in a couple of months ask them if we can have consent to let? Alternatively, do we try and contact Paratus AMC now and disclose there is a possibility we will move abroad in the future (nothing is definite concerning the move abroad) and see if they agree in advance that it should not be an issue
• We are trying to find out which lenders are best for allowing consent-to-let without raising rates, and hopefully permitting in excess of two years where necessary. Is that something you can help with? We are particularly interested in Paratus AMC
• I wish to be informed of the factors and procedures in place to switch my Paratus AMC mortgage to a consent to let?
• We would like to obtain consent to let on a house where we have a mortgage with Paratus AMC. If granted, how long would consent be given for? In seeking consent to let from Paratus AMC are we running the risk of them forcing us to change deal to B2L
• I have fixed rate mortgage with Paratus AMC. I am going have to lease out my property due to necessity. If I apply for consent to let, will I have to pay significantly more interest?