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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.

Top Five Questions relating to Virgin consent to lease

  • I have been asked by my proposed tenants for a duplicate of my ‘consent to let’ from Virgin, my mortgage lender. Is this standard practice? My letting agent cannot offer an explanation, can you?

  • In what circumstances will consent to let for a property be issued via Virgin? For what period of time do you have to have had ownership of the property before consent to let can be negotiated with Virgin? In order to give you some history I am a newly qualified accountant in an apartment bought a few months ago. The perfect job offer necessitating relocation to Ealing permanently has come up. I am looking at being given consent to let initially in order to renting the property out to offset the costs of the Virgin mortgage.
  • I have just been presented with a once in a lifetime job opportunity for 6 months in New York. I have enough savings to meet the monthly Virgin mortgage yet the buildings insurance requires continuous residency in order not to be invalidated. Last December the roof had some leaks that were repaired. Should there be any problems during 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?
  • My fixed deal expires late next year and I wish to fix for another 4 years with Virgin, hopefully rates will remain low. In two years time I might want to move for a couple of years to a different county. How problematic is it to get consent to let from Virgin in these circumstances? I would be returning at the end of the two years to live in my property.
  • My circumstances have changed, and I wish to lease my property out - meaning consent to let- I have about £200K loan with Virgin and currently 85k equity I need to avoid the early repayment fees.
  • Last month I purchased a apartment with a Virgin home loan. However I am currently living with mother and father. I don't want to move in until next February due to some family reasons. In interim can I lease out the property with consent to let?
  • I have a mortgage with Virgin. I am considering moving out and renting out my flat. Am I required to obtain consent to let ?
  • We are interested to find out more about consent to let from Virgin. Would a valid reason be parking problems and the property is too to small for me?