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.

Sample questions relating to Virgin consent to let

  • Is consent to let needed from Virgin or can I let my basement flat without telling Virgin and having to transfer to a buy-to-let mortgage?

  • Always on the look out for a money making scheme I am contemplating leasing out my flat and generate some income while I am on vacation. It only a short term measure for a month. Will consent to let be needed from Virgin?

  • We just obtained consent to let from Virgin. After some effort, Virgin have issued me with ‘consent to let’ confirmation . Mention is made of an assured shorthold tenancy. Can you explain what this is?

  • What is the maximum period of time allowable to Virgin that I would be able to let my property before being required to transfer the mortgage or sell my property? Essentially, my partner has asked me to move in with him and I really want to hold onto my house. I would like the security of knowing I still own my own home.
  • I’m about to finish the fixed rate period of my 2 year fix with Virgin and move on to the standard variable rate. Can you tell me if consent to let by Virgin is a foregone conclusion, if there are fees, and if there conditions?
  • Were I to let my house out with consent to let from Virgin will there be any rate uplift? I am currently on a standard variable rate.
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with Virgin. My property is worth approx £185k and owe £48k on it. How likely is it that Virgin increase my interest rate?
  • I currently have a residential mortgage with Virgin and plan on letting due to work being based in London. In asking for consent to let from Virgin do I run the risk of them forcing me to change deal to B2L