Need Help?

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 Lease Example Support Desk Enquires

  • I need to switch my residential mortgage with Magellan Homeloans to a consent to let and looking for some advice please... I acquired my first home in Edgware fiveyears ago. After a new job opportunity I moved to Glasgow, and 6 months ago got a residential joint-mortgage with my boyfriend. I am inclined to stay with Magellan Homeloans and seek consent to let rather than attempt to apply for a new mortgage elsewhere, but if Magellan Homeloans refuse what lenders can I approach.
  • I previously got consent to let from Magellan Homeloans in 2011 but never used it and have since remortgaged to a new lender. I recently sought for consent to let. I was informed that it would be forthcoming since their requirements were met. I have now got a letter advising me that I must provide evidence from the DWP confirming that that are aware of my current situation before they can issue authorisation. They said this is policy but I have not been able to find these T&Cs on their site. I did complain about the insinuation that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £25 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to continue with them
  • A few months ago I rented out my three bed flat and have gained a Consent to Let with my bank. 6 months have now gone by and they have increased my repayment percentage as previously advised. I am unable to switch to a more favourable product with them, as they will revoke my consent to let. Were I to go with an alternative mortgage company for instance Magellan Homeloans, would I need to get a B2L loan or could I just remortgage and gain consent to let?
  • Me and my brother jointly own a flat in Lambeth with a Magellan Homeloans mortgage. I want to leave and purchase a new property with my fiancee. How would I deal with sub-letting my room? Do I need consent to let via Magellan Homeloans. My brother will remain in the apartment
  • We are having to relocate to Australia for a couple of years for my job but I don't want to switch 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 way around this?
  • I am require from Magellan Homeloans consent to let out my home in Redbridge. I am putting in hand arrangements to live with my mother as I am off work through ill health.
  • Just wanted to know how to obtain a consent to let from Magellan Homeloans with whom I have a mortgage with. There is an outstanding balance of 57k. The value of house is 220k. Property is in my name but my wife and I would like to purchase a garden flat in Redbridge we have seen together. How do we go about this?
  • Me and my partner and I would like to rent out my flat to be nearer to my daughter's college and take care of my father. Do I need consent to let from my lender Magellan Homeloans?