Need Help?

Need professional advice for your consent to let with Virgin Money plc? 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 Virgin consent to lease

  • Eighteen months ago my wife and I bought our council home, in Southwark,recently valued at £220k. It was paid for in full from our own funds, mortgage fee. We can't sell (without repaying back a significant amount of the discount) before five years have gone by. Regardless, we would like to retain it as a investment property to rent out. We are considering taking out a mortgage with Virgin. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. is this something you can help me with?
  • Am I obliged to inform Virgin of my intention to take in a lodger. I have two spare rooms that could be used by lodgers and I was thinking that as the occupancy remains in keeping with that of the 'family' use of the property it might not require consent to let. Can you help clarify? I am taking separate advice on the insurance, legal and tax ramifications.
  • If a landlord opts to rent out their property in the absence of consent to let from Virgin - what, if any implication could there be for an agent acting for the landlord?
  • Am with Virgin and wonder if I am obliged to notify them if we no longer reside in my house. I fear that they could up the interest rate if we move and let it out but it's not very obvious what the change would be. Should I decide to rent my house out and seek consent to let how would the payments change?
  • This is not a question specific to Virgin but do lenders generally provide the information I need for my Buy to Let or Consent to Let self-assessment tax returns?
  • My existing mortgage is with Virgin, but I am going to move out for approximately a year as we need to be nearer to my partner's mother. Will Virgin give consent to let?
  • I am looking for some generic information on consent to let with Virgin: I am moving to Belgium as part of a promotion. Potentially for a number of years. That being said I will be on a 3 month trial period .I'm wanting to know the criteria for consent to let from Virgin and what fees are to be incurred
  • My partner is considering purchasing a new property in Barnet and is on to a good deal as it needs some work done. We want to rent our current property for 2 years and then return. Will I be granted a consent to let by Virgin?