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 would like to rent out my current property as I wish to buy a larger house for the family. I have a mortgage with Magellan Homeloans. Provided I get the consent to let as I understand lenders are more than likely to push me towards getting BTL mortgage when the fixed term comes to an end. Could I remortgage after a couple of years with an alternative lender? What connotations does that have apart from the higher rates - would I need a higher equity ratio in the property too ie lower ltv?
  • We propose to lease out our flat in Hackney which is on a standard residential mortgage with Magellan Homeloans . Clearly I will ask for a consent to let. Assuming there is a charge for the consent to let can this amount also be categorised as a deductible expense on my self assessment form to the tax authority?
  • I rented my property in the summer and didn't tell Magellan Homeloans. I have a three year domestic mortgage (healthy equity in it, never defaulted) and want to let Magellan Homeloans know and get consent to let for the final 24 months of my mortgage . I am unsure how to go about this.
  • I would like the consent to let forms for Magellan Homeloans please I am unable to find it on the web.
  • I took a domestic mortgage with Magellan Homeloans and with my circumstances changing massively in the last six months, can I obtain consent to let. What changes will affect me?
  • I have a question I'd like to ask...if consent to let is given by Magellan Homeloans would it usually be restricted to a time limit, such as 6 or 12 months?
  • I have a residential home. I would like remortgage with Magellan Homeloans and seek consent to let. I'm still inside the Early Redemption Charge period so not sure if it would trigger the penalty payment?
  • We need to contact Magellan Homeloans to enquire about renting out our apartment. Do they post a document to me. Is there a form I can download?