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

  • What do I do if my application for consent to lease is subsequently refused by Virgin?

  • A couple of years ago I was granted consent to let from my current lender which is about to expire. I have since been traveling and had my first child. My part time salary is not sufficient just now to cover the mortgage by myself. My lender has advised me that I can't extend my consent to let and if I continue renting out I will be in action would be taken for breaching my mortgage contract. As a result of my low income I don't think the buy to let will be approved. One option I am thinking about is remortgaging to Virgin. Are they likely to grant consent to let from the outset?
  • I am looking to emigrate to Germany . As opposed to sell up, I wish to lease my existing property out, just in case things fail to work out and I decide to come back within a couple of years. The current mortgage is with Virgin. Would I be able to refinance with another mortgage company on a much lower interest rate then apply for Consent to Let once the re mortgage has completed?
  • I have a Virgin mortgage on a flat I own, in Redbridge. This year, due to a change in my circumstances I decided to let out this flat, and rent another property in a different area within same loc. The personal circumstances that changed is that I started living with my partner, and the flat is not large enough for our needs. I do not wish to sell the flat because the current market value is significantly lower than the market value when I purchased the flat ten years ago. I wrote to Virgin for a consent to let which was turned down as they determined that I wanted to invest in the flat. Any insight would be greatly appreciated, as this is really stressing me out. The matter is urgentbecause there is already a prospective tenant waiting for this consent to let and may pull out.Yours sincerely
  • How much of my loan allowance will be made available to draw down on if I change my mortgage to a consent to let with Virgin?
  • I was just wondering if Virgin were picky when considering consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
  • I am thinking about moving in with my partner but do not want to to sell my property. What is the process for seeking consent to let from Virgin, and what are the chances that this will be given?
  • Just wanted to know what needs to be provided to Virgin in order to get consent to let? I just finished a three year fixed mortgage and potentially moving to another property with my girlfriend.