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.

Common questions relating to Paratus AMC consent to lease

  • Colin (my husband) and I may need to rent out our Bromley home temporarily due to me taking a sabbatical. This will be for a limited period but perhaps for 2 years. Should I tell Paratus AMC or am I best advised to keep schtum?

  • Doing everything by the book I’ve been leasing out my house with "consent to let" from Paratus AMC on a residential mortgage for the last three years. Paratus AMC have now advised that they are retracting their consent to let if we do not switch to one of their "buy to let" deals.

  • Is it possible to convert a standard mortgage with Paratus AMC to a consent to let. It will be less than 65% loan to value and it would change from capital and interest repayment to an interest only mortgage?
  • We are in need of a larger house so our children don't have to bunk together. We are planning to purchase another house in a few years time. The house is worth £240,000 and we have about £70k remaining on the Paratus AMC mortgage. We would ideally like to keep this house as an investment property and lease it out with consent to let. Is it possible to get a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
  • This is not a question specific to Paratus AMC but do mortgage companies usually supply the information I need for my Buy to Let or Consent to Let self-assessment tax submissions?
  • How do I go about procuring consent to let by Paratus AMC? Is there specific requirements like you have to have owned the property for over 9 or 12 months before its issued?
  • Paratus AMC - consent to let potential. Are you able to advise on the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV?
  • Just wanted to know what needs to be provided to Paratus AMC in order to get consent to let? I just finished a three year fixed mortgage and potentially moving to another house with my partner.