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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.

Virgin consent to let: Q and A’s

  • Colin (my husband) and I may need to let our Redbridge home temporarily due to a career opportunity. This will be for a limited period but possibly for as long as 2 years. Should I tell Virgin or do I not rock the boat?

  • Are any options available to me if my application for consent to let is rejected by Virgin?

  • I'm buying a ground floor flat in Croydon. I am only looking to be there for nine months, and subsequently move into a larger flat. As opposed to disposing of the first apartment my preference would be to let it out so that it becomes an investment. Do you know if Virgin would give consent to let in such circumstances?
  • As we are relocating and unable to find a buyer for our house, we are thinking about letting it out. Is it necessary to inform Virgin? If we do, I think they will want to change our mortgage to buy to let and load the rate which we can't afford. I was thinking that as long as I continued paying on time it shouldn't be a problem, but am now worried about insurance implications if we haven't got consent to let. Any advice?
  • Is there a maximum period that Virgin is willing to issue Consent To Let for?
  • If I let my house out with consent to let from Virgin will will theybump up the interest rate? I am presently on a fixed rate for two years.
  • Assuming that I was successful in obtaining consent to let from Virgin, could I sell during the consent period? Is it possible that I would incur any penalties?
  • I have a mortgage with Virgin. I am thinking of moving out and leasing out my house. Am I required to obtain consent to let ?