Need Help?

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

Common questions relating to Virgin consent to lease

  • My fiance and I may need to lease our Newham home for a while due to a career opportunity. This will be for a limited period but perhaps for 2 years. Do I inform Virgin or am I best advised to not rock the boat?

  • Always on the look out for a money making scheme I am contemplating leasing out my apartment and make money from it while I am on vacation. I only plan to be away for a fortnight. Do I need consent to let from Virgin?

  • I'm looking to apply to Virgin for consent to let on our existing residential property in Haringey. I am hoping to draw down equity from my existing property before doing so, and using that money to buy a second home. I will move into that property whilst doing it up for 6 months at which point the intention is to sell it then move back to my current property. Is this something Virgin will consider consent to let for or is that out of their criteria?
  • The likelihood is that I will have the opportunity to work overseas in a couple of years. I am therefore potentially scaling down to a newer flat in Haringey which I could rent out with less difficulty when the time comes. I would aim to retain 50% equity in the new flat which would be my home for a while. My existing mortgage co limits consent to let for 12 months. I anticipate renting it out longer term and not having consent could land me in a whole host of trouble. Buy-to-let seems unnecessarily expensive when I will be living there, maybe for 2-3 years initially. What type of mortgage should I be seeking, and from which lender? Do lenders such as Virgin grant consent to let for a longer period?
  • I'm intending to switch mortgage provider to Virgin for a fixed rate but during this period will need to rent the apartment out for about 12 months. Do Virgin consent to let on fixed rate mortgages and if so, what are the costs.
  • Virgin - consent to let potential. Are you able to advise on the process with this lender? Do they have a minimum period prior to changing to this and a minimum LTV?
  • Just looking for some help. I currently have a mortgage in place with Virgin. I have been given licence to sublet my flat from the managing agents and they asked if I have consent to from Virgin.
  • I currently have a residential mortgage with Virgin and plan on letting due to work being based in Manchester. In asking for consent to let from Virgin do I run the risk of them forcing me to change deal to BTL