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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.

Magellan Homeloans consent to let: Q and A’s

  • I'm presently tied into a rental contract until September and am buying a flat. Would my mortgage provider Magellan Homeloans object to granting consent to let until my tenancy ends and then moving in?
  • Resulting from a redundancy my wife and I are looking to move away from Harrow and our house, potentially to a job in Amsterdam but that means we will want to let the property but don't want the penalty charge of existing Magellan Homeloans mortgage which will be exorbitant.What are acceptable reasons for obtaining consent to let on our property?
  • My house had been tenanted for three years between 2009-2012 while employed abroad. I have a letter dated June 2010 from the lender granting consent to let. In the letter it explicitly states that the consent to let is valid for "the remaining term of the mortgage". I have not refinanced since the letter was issued. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not satisfy the new lender Magellan Homeloans for the property I wish to buy.Your view would be appreciated
  • We have a fixed rate mortgage with Magellan Homeloans for 2 yrs and have been living in the flat for just over half a year. Due to work I need to leave so I would like to lease the property out. What is the best way to go about getting consent to let from Magellan Homeloans?
  • Hi, what documents or paperwork would Magellan Homeloans require for a consent to let letter?
  • What is the process for getting a consent to let application form from Magellan Homeloans and how quickly can I get the consent?
  • My OH is in the process of placing an offer on a new property in Lambeth and is on to a good deal as it requires renovating. We want to rent our current property for 2 years and then return. Is there anything in the Ts and Cs of my Magellan Homeloans mortgage allowing me to let it out or do I need specific consent to let?
  • My Magellan Homeloans mortgage rate is up this June can I move to a interest only with consent to let?