Need Help?

Need professional advice for your consent to let with Paragon Mortgages Ltd? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Examples of recent questions relating to Paragon Mortgages consent to let

  • I have recently applied for consent to let from Paragon Mortgages, but wondered if they set any conditions on the level of rental yield?
  • I obtained consent to let from Paragon Mortgages three yrs ago but failed to need it and have since remortgaged to a new bank. I recently asked for consent to let. I was informed that it would be given since their requirements were met. Yet recently received a communication advising me that I must supply evidence from the DWP confirming that that are aware of my current situation before they can issue consent. They said this is policy but I have not been able to find these T&Cs on their site. I did complain about the inference 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
  • My understanding is that this is a breach of Paragon Mortgages terms and conditions of mortgage if I rent out my property having informed that I intend to reside there. The intention is to have the mortgage fully paid off after six years, by which time I will become the outright owner, meaning I no longer require any consent to let. Paragon Mortgages advised me I can overpay as much as I like during the agreement. I know someone who wants to rent the property. What are the chances of Paragon Mortgages finding out? Can you set out implications of not obtaining consent to let? From what I have read there is a possibility of Paragon Mortgages changing the loan onto a BTL mortgage
  • My mortgage with Paragon Mortgages has been in place for just over six months but I recently found out I am about lose my job. I would appreciate some how to go about seeking consent to let from Paragon Mortgages
  • I would like consent to let on my Waltham Forest flat from Paragon Mortgages. I will be going abroad for a year and so want to know if I can let my apartment
  • I am seeking consent to let for my house as I am moving out for 6 months currently fixed Paragon Mortgages mortgage with three years which is up on July next year.
  • I currently have a residential mortgage with Paragon Mortgages and plan on letting due to work being based in Bristol. In asking for consent to let from Paragon Mortgages do I run the risk of them forcing me to change deal to BTL
  • Me and my husband may want to lease our home temporarily due to a new job. This will be for a limited period but perhaps for threeyears. Should I tell Paragon Mortgages or am I best advised to keep quiet?