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.

Recently asked questions relating to Paratus AMC consent to lease

  • Finding myself in an impossible situation with a Consent to Let home loan. Reacting to my requisition for consent to let the bank has asked me to provide them with a signed AST prior to issuing consent. If I get a signed tenancy agreement would I not be violating the terms of my existing mortgage?

  • I wish to let my current residence as I wish to purchase a larger house for the family. I have a two year fixed mortgage with Paratus AMC. Provided 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 an alternative lender? What consequences does that have apart from the higher rates - will I need a greater equity portion in the property too ie lower loan to value?
  • Our current property in Lambeth has probably about £120K equity with a home loan with Paratus AMC. It's a nice family house in a popular catchment and it should rent easily. We are probably moving for my partner’s work and were thinking of holding onto the house on as a rental property - should we be swapping the loan to a buy to let product or can we get consent to let by Paratus AMC?
  • Is it correct that lenders (I have a mortgage with Paratus AMC) are taking a more lenient approach towards consent to let? A mortgage adviser suggested that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I switch from a residential to a Buy to let I am moving to a regulated product. He suggested that under the current regulation banks are reluctant to allow borrowers do this, which is likely why some lenders will let borrowers have consent to let but not swap to a Buy to let product. Is this an accurate assessment?
  • I need to send the consent to let application by courier and wanted to know if Paratus AMC have a regular mailing address I can use as couriers ordinarily don’t accept deliveries to PO Box numbers.
  • When it comes to consent to let from Paratus AMC am I obliged to advise them every time we get a new tenant and post them a copy of the AST?
  • I don't currently have consent to let by Paratus AMC but I would like to change to one, An opportunity has arisen which might involve me working away for eighteen months. But want to keep my property for my return - are you able to assist?
  • I am currently remortgaging and investigating the flexibility of certain mortgage providers when it comes to consent to let. Paratus AMC is one of the mortgage companies I am considering. How accommodating are they are far as consent to let is concerned?