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.

Sample questions relating to Paragon Mortgages consent to let

  • I have a house in Redbridge but I am moving with my girlfriend to a different city for work purposes and moreover close to her university. I would like to keep my property but not sure I can afford a BTL rate. It will only be temporary -3 years until my girlfriend has finished University and I can sell, or move elsewhere. My mortgage is with Paragon Mortgages. Is there a chance I won't be approved for consent to let?
  • My twin intends to rent out his flat out on the QT without consent to let via his mortgage lender Paragon Mortgages. He has been on an interest only loan since 2009. Outstanding amount due is £112k, having purchased the apartment for around £118k. In the absence of gaining consent to let by Paragon Mortgages, exactly what sanctions does he risk?
  • I am looking for some initial feedback to see consent to let is a feasible proposition. I completed the purchase of my apartment 6 months ago by porting an existing Paragon Mortgages mortgage product. My fixed rate ran out three months ago. I'm currently deliberating moving in with a new partner who has his own property and mortgage also with Paragon Mortgages, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to move to a B2L mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a viable option for myself and 2) I need to find extra capital to meet the 65% LTV ratio required for a buy to let mortgage. It would be preferable to get a consent to let from Paragon Mortgages for a couple of years in order to be more secure in becoming a possible landlord and to raise the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • Am I obliged to notify Paragon Mortgages of my plan to rent my property out as a holiday let for twelve weeks. Can you shed any light on this? I am taking independent advice on the insurance, legal and tax side of things .
  • My wife and I want to let our house out and use the rental income to pay rent on a house in Wandsworth. How likely are we to be given consent to let by Paragon Mortgages without being forced onto a BTL product.
  • I have had my mortgage with Paragon Mortgages for the previous eighteen months and I am at present just wanting some insight as to whether gaining a consent to let is likely.
  • I want to get consent to let from Paragon Mortgages for a few years at which point I can turn it into a BTL. Is this feasible
  • What happens if a borrower has already let the property for some years as an HMO and now wish to legalise the situation with Paragon Mortgages by obtaining consent to let ? (assume Paragon Mortgages had already given a residential mortgage previously)