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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.

Top Five Questions relating to Magellan Homeloans consent to lease

  • Magellan Homeloans have just granted me consent to let. After some effort, Magellan Homeloans have issued me with ‘consent to let’ confirmation . Mention is made of an assured shorthold tenancy. What is that?

  • Ever since 2014 I have had a Magellan Homeloans mortgage with my twin and want to move on and get a new mortgage with my partner. How would I go about leasing out my room? Do I need consent to let by Magellan Homeloans? My twin will stay in the property
  • To what extent do the letting agents we rented through owe us a a legal obligation to have ensured that the landlord sought consent to let from Magellan Homeloans?
  • We are looking to rent our 2 bed flat out. We have put an offer on another property for us to buy and have a tenant to move into ours. I believe I have to ask our mortgage company Magellan Homeloans for consent to let. Is there a standard consent to let request letter I can use?
  • We are planning to relocate to the US for eighteen months for my job but I don't want to convert the mortgage to BTL as I want to move back into it when I return. Do you know if Magellan Homeloans charges additional interest? Is there any work around?
  • Prospective tenants are about to move into my property and I have mortgage offer from Magellan Homeloans on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.
  • I took a residential mortgage with Magellan Homeloans, and I would like to rent the flat out, until I decide whether to sell or retain it as an investment. As things stand I am on the standard variable rate. Will I need to move onto a new mortgage? I.E. BTL?
  • My wife and I may need to lease our home temporarily due to a new job. This will be for a limited period but perhaps for threeyears. Should I tell Magellan Homeloans or do I keep my head down?