Need Help?

Need professional advice for your consent to let with Virgin Money? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Sample questions relating to Virgin consent to let

  • Please explain "consent to let" to me? I live in a 1 bed apartment and its in good condition. It is on the market and I have had very few viewings. This is because my neighbour is noisey. I had no choice but to mention this on the disclosure form. I am with Virgin on a standard variable rate. Someone mentioned I should get consent to let from Virgin and rent the flat for a couple of years.
  • I have just been presented with a once in a lifetime job opportunity for 9 months overseas. I have enough cash reserves to meet the monthly Virgin mortgage yet the buildings insurance stipulates continuous residency in order not to be invalidated. Last winter the roof had some leaks that were repaired. Should there be any problems in the winter months I would find it hard to cover the repair costs. Would I be eligible for consent to let via Virgin for a limited period?
  • I run a letting agency in Hounslow. Where a landlord chooses to let out their house without consent to let from Virgin - what liability do I have, if any? Technically the landlord isn't breaking the law, however, they would be breaching their agreement with the Virgin, as Virgin most probably require to be notified of any change in circumstances. If I look the other way could I be accruing trouble?
  • I have a residential mortgage coming up for renewal with Virgin. I have had the property rented out for a few years and I think I should come clean to Virgin. I am led to believe that it is possible to ask for a consent to lease, but given that the property has previously been let out could they deny - insist I swap to a BTL rate and issue a penalty? I have over 50% equity in the house - and the rental income far exceeds the mortgage.
  • Evening? I am just curious if Virgin offer consent to let as an option if I decided to rent out my property under a residential mortgage. Is there a specific rule for right to buy property and consent to let?
  • Can I remortgage to Virgin from my existing provider, with a consent to let or do I need a let to buy homeloan, and if so what are the LTV's?
  • A work promotions now necessitates that Ibe in different locations a lot and as a result I wish to understand the procedure for seeking consent to let with Virgin
  • I have had my mortgage with Virgin since 2006 with no arrear If I asked for consent to let would I get a positive reply?