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

  • Is it the case that the estate agents we rented through have a a legal obligation to have ensured that the landlord sought consent to let from Virgin?
  • I have been a mortgage holder with Virgin for 15 years. My divorce went through three years ago and bought the ex wife out. My situation has changed, I want to retain my house but move in with my new partner, leasing my house out. I have been informed by my IFA that I can seek consent to let from Virgin instead of a buy to let mortgage as I haven't purchased the house with the intention of letting it out, your advice would be appreciated?
  • My partner and I are just about to receive a mortgage offer from Virgin for a garden flat. I have applied via a broker. It is a capital and interest mortgage. I am curious as to what is the main criteria Virgin adopt in order to allow borrowers consent to let? Is consent to let based on the rental yield of a property?
  • I have a standard mortgage coming up for renewal with Virgin. I have had the house rented out for two years and I now realise I should come clean to Virgin. I understand that I can ask for a consent to lease, but bearing in mind that the property has already been let out could they refuse - force me to swap to a BTL rate and issue a penalty? I have over 25% equity in the house - and the rental income far exceeds the mortgage.
  • I have a domestic mortgage with Virgin and my circumstances have changed due to family, can I apply for consent to let. What changes will affect me?
  • How simple is it to get a consent to let from Virgin and what are the fees? If I want to let out my property for two months how simple is it to fluctuate between a owner occupier mortgage and consent to let?
  • Interested to know if I would be able to get consent to let from Virgin enabling me to move back to my mother and father for a year or two and conserve some cash to extend the lease on my flat?
  • I have a mortgage with Virgin. I am considering moving out and renting out my flat. Am I required to obtain consent to let ?