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Need professional advice for your consent to let with Magellan Homeloans? 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 Magellan Homeloans consent to lease

  • I am thinking of applying for consent to let from Magellan Homeloans as my personal circumstances have altered. My stepdaughter was starting university and I felt we would move nearby and decided to buy a property rather than rent for 3 years. Since buying the house I have fallen out with my step daughter and she refuses to live in it. Since the whole idea was for her and the house location is not particularly ideal for my work I would like to leave and rent out the property
  • My brother and I are joint proprietors of a flat in Waltham Forest with a Magellan Homeloans mortgage. I want to move on and buy a house with my fiancee. How should I deal with sub-letting my room? Would I require consent to let via Magellan Homeloans. My brother will stay in the property
  • My house had been let to students for three years between 2009-2012 while employed in New York. I have a letter dated June 2010 from my lender granting consent to let. In the letter it clearly states that the consent to let is valid for "the remaining term of the mortgage". I have not remortgaged since the letter was sent. I now plan to move house and rent out my existing house. However, my financial advisor has suggested that the 2010 consent to let letter may not be acceptable to the new lender Magellan Homeloans for the property I wish to buy.Your view would be appreciated
  • We are currently in Hong Kong and leasing out our flat in the UK. This is not something we planned but an opportunity came up and we took it. The rent achieved on the apartment is not enough to cover the mortgage so we send back funds each month to cover the shortfall. Earlier today I got a letter in the mail from our lender informing me that as the property is being let out and has been for almost three years we will have to pay 1.5% interest on top of our current mortgage rate. One option would be to sell up but this will be difficult as I am so far away. Would it be possible to remortgage with Magellan Homeloans and get consent to let?
  • How simple is it to get a consent to let from Magellan Homeloans and what are the fees? If I want to let out my property for three months how easy is it to chop and change between a standard mortgage and consent to let?
  • I would be interested to know what information I should include in a letter applying for consent to let my house in Enfield? I would like to send a request to my mortgage provider Magellan Homeloans.
  • We are looking to place our matrimonial home on rent due to work commitments and was wondering if this is possible to get consent to let. It is on a fixed rate mortgage with Magellan Homeloans at the moment until 2018 October
  • Will Magellan Homeloans give consent to let my home? I currently have a homeowner mortgage, never been in arrears and have been with Magellan Homeloans for nearly since 2012. What fees am I likely to incur