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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.

Questions and Answers: Virgin consent to let

  • We have a Virgin mortgage and are are up to date with payments, in gainful employment etc. Can you tell me how much it will cost and if Virgin are likely to give us consent to let without porting the loan to a commercial rate?

  • I have a shared ownership home in Westminster and will be looking to buy out the rest of the property. However, within the next six months I may be working overseas for a short period of time so would like to know what approach Virgin take to consent to let as I am considering a remortgage with them. I am not sure if a mortgage can be obtained on my property but as an aside can you provide further detail on their consent to let criteria?
  • We are presently one year into a year fixed rate mortgage with Virgin. We would like to purchase a bigger second property in the next year however would prefer to retain the first property and I was enquiring as to what reason we could put down on the consent to let form to obtain consent to from Virgin
  • I have a Virgin mortgage on a flat I own, in Barnet. This year, resulting from a change in personal circumstances I decided to rent out the apartment, and rent a house in a different area within same loc. The state of affairs that altered is that my partner moved in, and the flat is not big enough for our needs. I would rather not sell the flat because the current market value is significantly lower than the market value when I purchased the flat in 2004. I applied to Virgin for a consent to let which was turned down because they determined that I wanted to invest in the flat. The whole process was very confusing. The matter is urgentas I have a prospective tenant waiting for this consent to let and may pull out.I look forward to hearing from you
  • My marital situation has changed, and I wish to let my place out - meaning consent to let- I have about £200K loan with Virgin and currently 100k equity I need to avoid the early repayment fees.
  • I have a question I'd like to ask...if consent to let is granted by Virgin would it usually stipulate a time limit, such as one year?
  • I am looking for some generic information on consent to let. I already have a mortgage in place with Virgin. I have had approval to temporarily rent out my flat from the managing agents and they asked for a copy of the consent to from Virgin.
  • I am already renting out my flat but may have sussed that I am not living there. I have 5 months remaining on my fixed rate. Is it simple to get consent to let from Virgin. Is it just a quick phone call, pay the charge and that's it?