Consent-to-let Help for Virgin Money plc

Frequently asked questions relating to Virgin consent to lease

• I am buying a garden flat in Harrow. I am only looking to live there for under a year, and subsequently move into a larger home. As opposed to selling the first apartment I would like to let it out so that it form part of my investment portfolio. Do you know if Virgin would give consent to let in such a scenario?
• A year ago my lender (not Virgin) gave me with consent to let. The condition was that every half year they would levy a charge of 0.5% of the remaining mortgage amount. Having the first couple of payments they have omitted to make the charge in recent months. This may well be a simple error but I am nervous that it would also mean I no longer have Consent to Let.
• I want a bit of initial guidance as to whether consent to let is a sensible proposition. I completed the purchase of my apartment 8 months ago by transferring an existing Virgin mortgage product. My fixed rate ran out three months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Virgin, which I would not seek to be added to. I don't wish to sell my property yet because I'm unsure of whether the new move will work out. I don't want to change to a buy to let 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 come up with additional capital to satisfy the 65% LTV ratio required for a BTL mortgage. Ideally I would like to receive consent to let from Virgin for a couple of years in order to be more secure in becoming a possible landlord and to generate 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, reoccupy it.
• We are in need of a bigger house so our children don't have to bunk together. We are planning to purchase another house in the near future. The house is worth £185k and we have about £70k left to pay on the Virgin mortgage. We would ideally like to keep this house as an investment property and let it out with consent to let. Can you have a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
• My current mortgage is with Virgin, but I have to get consent to let for around a year as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to take a break for a year (by living near her mum and dad and getting support) in a greener less intense area of Liverpool.
• I have a mortgage with Virgin on a two year fixed term contract. I could have chance of a teaching post abroad next summer. Would I be eligible for consent to let via Virgin were I to accept this opportunity abroad?
• I hope you can help What do we need to do to get consent to let from Virgin? And how much equity is needed?
• I am looking at taking a job in France and have been advised that I need to let Virgin know so my mortgage is under consent to let? Please could you clarify the best way to go about this?