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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.

Recently asked questions relating to Magellan Homeloans consent to lease

  • My lender has placed me in a pickle with a Consent to Let home loan. Having sought consent to let the lender has requested evidence of an executed AST before they will grant consent. If I get a signed tenancy agreement would I not be violating the lender’s terms and conditions?

  • Can you 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 can't find a buyer. This is probably due to an longstanding feud with the guy next door. I have had to put it on the disclosure sheet. I am with Magellan Homeloans on a standard variable rate. It has been suggested to me that I should seek consent to let via Magellan Homeloans and let the property out.
  • Due to redundancy we are looking to move away from Haringey and our apartment, potentially to a job in Sweden but that means we will want to let the property but don't want the cancellation fees of existing Magellan Homeloans mortgage which will be exorbitant.Can Magellan Homeloans refuse to grant us consent to let?
  • What is the maximum period of time permitted by Magellan Homeloans that I would be able to let my property without being required to switch mortgage or sell my house? In short, my boyfriend would like me to move in with him and I really want to hold onto my house. I would like the fallback of knowing I still have my own home.
  • I am thinking of renting my flat will Magellan Homeloans invoice me for a consent to let letter?
  • I am after more information regarding consent to let mortgages, potentially moving our existing mortgage with Magellan Homeloans over to a consent to let one.
  • I am intending on relocating inside the next nine months and wish to lease my flat out. My mortgage rate is fixed with Magellan Homeloans. I am worried a 1% increase would be too much if that was linked to obtaining consent to let
  • Me and my husband have a granny flat attached to our house. Do we need consent to let this from Magellan Homeloans? If so, what is the process if I wish to change my mortgage to consent to let?