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.

Top Five Questions relating to Paratus AMC consent to lease

  • Just looking for some information, I have a mortgage on an apartment with Paratus AMC and I am thinking of letting my property out. Could this be done without changing to a buy to let or receiving consent to let from Paratus AMC?
  • I want to rent out my current residence and want to buy a bigger house for the family. I have a two year fixed mortgage with Paratus AMC. Provided I get the consent to let as I understand banks 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 another lender? What implications does that have apart from the higher rates - will I need a higher equity portion in the property too ie lower loan to value?
  • Because of my career, I am confident that Paratus AMC will issue me with Consent to Let from day one of purchasing a property. I currently plan to purchase a property in Westminster and lease it out, I will remain in the house that is provided (rent payable) by my employer. As I will be leasing out the property I will clearly have to complete 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 claim Tax relief on the interest on my loan and the associated costs of renting out the property. I can only find information for those with a buy-to-let mortgage, but mine will technically be residential.
  • A colleague recently sought CTL from the Woolwich which they turned down as the mortgage had not been in place for even half a year. I am about to seek consent to let from Paratus AMC. Do they take the same approach?
  • My partner and I are trying to discover which lenders are best for granting consent-to-let without hiking up rates, and hopefully permitting more than two years if required. Is that something you can help with? We are particularly interested in Paratus AMC
  • My wife and I want to let our house out and use the rental income to cover the rent on a house in Bromley. What are the chances of being given consent to let by Paratus AMC without being forced into a new rate.
  • My wife and I have a mortgage with Paratus AMC on our one bedroom apartment in Brent. We are hoping to buy a new house and move in there. How do I switch our existing mortgage on to consent to let?
  • I am looking at some alternative lifestyle. I have a Paratus AMC mortgage, if I become a US resident but wish to rent my UK house, do I need to get consent to let from Paratus AMC to do this ?