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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.

Frequently asked questions relating to Magellan Homeloans consent to lease

  • I currently let out my flat in Merton. I didn't request consent to let. I moved to Surrey for work and was unable to cope with the traveling but was nervous that Magellan Homeloans would charge me silly money so I decided to take the risk. I'm looking to legitimise it now... basically continue leasing it but with consent. Can you offer any advice as to how I go about doing this?
  • I wish to acquire a second house having recently bought a ground floor flat on residential mortgage. Plan to purchase in a few months time. I am told that I may require consent to let from Magellan Homeloans, my current mortgage provider? What is the best way to go about this and get the consent needed.
  • Where can I find the Magellan Homeloans consent to let application on this site I am unable to locate it on the web.
  • I need to decide what to do ie let or sell. I have a Magellan Homeloans mortgage on my property (with fair amount of equity). We are planning to move out of Manchester and if at all possible want to rent out our house with consent to let from Magellan Homeloans and use the income from that to help get approval for a second mortgage for a house to live in. How can I fund a second mortgage without selling my old property and using the equity as a deposit for the new property. Is there anyway I can change my old mortgage to a buy to let mortgages or obtain consent to let and take on a second mortgage without having a deposit to put down.
  • The prevailing mortgage is with Magellan Homeloans, but I am going to move out for around 12 months as we need to be nearer to my partner's father. Will Magellan Homeloans give consent to let?
  • I would like to let out a room in my house in Merton. Do I require consent to let from my mortgage provider Magellan Homeloans?
  • I would like to know if I have a normal mortgage with Magellan Homeloans and decide to rent it out, does the rate get loaded and are there any associated fees for obtaining consent to let.
  • I was just enquiring how to get consent to let from Magellan Homeloans...do I call them or write a letter to them?