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

Recently asked questions relating to Paratus AMC consent to lease

  • Current property worth £115,000. Paratus AMC mortgage owing £18k with 5 years to run. Get consent to let from Paratus AMC for current residence and make use of income to pay off remaining of mortgage. Take out 70 per cent Paratus AMC loan on further premises that becomes my primary address? Is this viable?
  • Having spent fifteen years in Manchester, I'm considering relocating to be nearer to family. We've only been homeowners for the last two years and about to remortgage with Paratus AMC. In the relocation destination, we are be looking at a 4 bedroom property around the £275k mark. I would preferably like to retain my existing flat. Could I ask for Consent to Let from the proposed new lender Paratus AMC. If granted what are the likely requirements?
  • Am with Paratus AMC and wonder if I am obliged to notify them if we no longer live in the property. I fear that they may load the interest rate if we move and find a tenant but it's far from obvious what the increase would be. If I decide to let my property out and apply for consent to let how would the payments change?
  • We are intent on purchasing a property, renting a couple of the rooms out in order to cover the mortgage with Paratus AMC, and then moving on in two or three years - at which point the property would be entirely let. How likely is it that Paratus AMC would frown upon this as I will have been given a normal homeloan as opposed to a B2L or consent to let? I've read that in extreme situations they can sue for mortgage fraud, is this correct?
  • My wife and I are planning to move to Australia for eighteen months for my job but I don't want to convert the mortgage to BTL as I want to reoccupy it when I return. Do you know if Paratus AMC charges additional interest? Is there any work around?
  • Paratus AMC. Will they grant consent to let a house for three years? I will move back in again as a resident.
  • What is the process for getting a consent to let application form from Paratus AMC and how quickly can I get the consent?
  • I have a mortgage with Paratus AMC taken three months ago where I moved from another lender. Can I now rent my property with consent to let from Paratus AMC as I am looking to purchase a further property.