Need Help?

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

Recently asked questions relating to Magellan Homeloans consent to lease

  • I have been asked by my proposed tenants for a duplicate of my ‘consent to let’ from Magellan Homeloans, my bank. Is this normal?

  • I have just been presented with an excellent career opportunity for 9 months in Denmark. I have enough cash reserves to pay the monthly Magellan Homeloans mortgage however the buildings insurance stipulates that the property must be occupied in order not to be invalidated. Last December the roof was damaged but repaired. Should there be any problems in the winter months I would find it hard to cover the remedial works. How likely is it that I will get consent to let from Magellan Homeloans for a limited period?
  • My house had been tenanted for three years from 2010-2013 while employed Amsterdam. I have a letter dated January 2010 from my mortgage company granting consent to let. In the letter it clearly states that the consent to let is valid for "the remaining term of the mortgage". I have not refinanced since the letter was sent. I now plan to move house and rent out my existing house. However, my mortgage advisor has suggested that the 2010 consent to let letter may not satisfy the new lender Magellan Homeloans for the house I intend to purchase.Can this be right
  • I am looking for our family to move to give us all more space. We are planning to purchase another house next year. The house was valued at £155,00 and we have about £70k remaining on the Magellan Homeloans 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 partner is considering purchasing a new property in Harrow and is getting a good deal as it requires renovating. We want to rent our current property for two years and come back to live. Is there anything in the Terms and Conditions of my Magellan Homeloans mortgage to say I can let it out or do I require specific consent to let?
  • I am looking at some alternative lifestyle. I have a Magellan Homeloans mortgage, if I become a US resident but wish to rent my UK house, ...what steps should I take to get consent to let. Can this be obtained on the phone ?
  • Just wanted to know how to seek a consent to let from Magellan Homeloans with whom I have a mortgage with. There is an outstanding balance of 87k. The value of property is 220k. Its in my name but my wife and I would like to purchase a maisonette in Hillingdon we have seen together. How do we go about it?
  • Do you have the address to which a Consent to Let request to be sent for Magellan Homeloans? Sorry about bothering you with this query.