Need Help?

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.

Paratus AMC consent to let: Q and A’s

  • My fixed rate mortgage is approaching refinancing with Paratus AMC. The house has been tenanted for a two years and I think I need to notifyParatus AMC. My understanding is that I must apply for consent to lease, but since the property has previously been rented out could they deny - insist I go onto a BTL mortgage and even apply a penalty? I have over 25% equity in the house - and the rent will more than cover the mortgage.
  • I was hoping you could please give me some advice on the consent to let process. I am thinking about taking a Paratus AMC mortgage on a £140,000 property Autumnnext year. The intention is to hold the house as a second home but I would like to know what options are available to me to let the property in the future. If our situation was to change the property would either be sold or rented.
  • I own a three bed leasehold flat with a Paratus AMC mortgage and have a lodger sharing with me. I am about to relocate to Brent and will rent there. My lodger doesn't want to leave so is willing to pay an increased rent. Am I obliged to ask for consent to let by Paratus AMC?
  • My understanding is that this is a breach of Paratus AMC mortgage policy if I rent out my flat having informed that I intend to reside there. The plan 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. Paratus AMC advised me I can overpay as little as I like during the lifetime of the mortgage. I know someone who is interested in renting the property. What are the chances of Paratus AMC finding out? Can you set out implications of not seeking consent to let? From what I have read there is a possibility of Paratus AMC levying a fine
  • The prevailing mortgage is with Paratus AMC, but I am going to move out for around 12 months as we need to be closer to my wife’s mum and dad. Will Paratus AMC grant consent to let?
  • I was just looking into consent to let as it's something potentially I would need from Paratus AMC inside the next year. Our circumstances have changed, and I wish to rent my place out
  • I hope to purchase a new house but can't afford to sell my current property with a Paratus AMC mortgage. Do you know acceptable terms for Paratus AMC to issue consent to let? Is getting married and having kids a sufficient reason to make the request?
  • Are you aware if there is normally a maximum LTV before Paratus AMC will grant consent to let?