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.

Common questions relating to Virgin consent to lease

  • Nine months ago my lender (not Virgin) gave me with consent to let. This was subject to a provision that every 6 months they would add a fee of 0.5% of the outstanding mortgage amount. Having the first couple of payments they have omitted to make the charge in recent months. Should I be worried that this means that my consent to let has been revoked.
  • I remortgaged with Virgin recently, borrowing extra with the intention of doing a loft conversion. That extension has proved not to be possible and I now intend to purchase a second property as my primary home and lease the old property out with consent to let. Is that likely to land me in hot water?
  • I have a mortgage with Virgin however my husband and I will be moving to Australia in September. The mortgage is in my name yet it is my husband's job that is taking us abroad how do I answer the question: 'please indicate why you wish to let the property':
  • We are in need of a larger house so our kids don't have to bunk together. We are thinking about buying another house next year. Our house is estimated to be worth £185k and we have about £85k remaining on the Virgin mortgage. We would prefer to keep this house as an investment property and rent it out with consent to let. Can you have a mortgage on two properties at the same time or do we first need to repay our current mortgage?
  • As a result of work opportunities I will be relocating to Scotland and would like to rent the flat temporarily, please let me know what steps I need to take in order to get consent to let from Virgin?
  • My brother and I took a mortgage with Virgin but am informed they have a stipulation that they refuse to grant consent to let the property to a local authority. Is this true and if so, is there a way round this?
  • I have a FTB mortgage with Virgin which is only eight weeks long but I have been relocated with work. Is it possible to obtain consent to let from Virgin for a mortgage that has only just started and I have just purchased the property?
  • I am interested in consent to let for my property mortgaged with Virgin. How do I proceed? Do I have to contact Virgin and get them to agree?