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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

  • We just obtained consent to let from Magellan Homeloans. After some effort, Magellan Homeloans have issued me with ‘consent to let’ confirmation . Mention is made of an assured shorthold tenancy. What is that?

  • I'm currently seeking a mortgage as first time buyer and considering Magellan Homeloans with my financial adviser. Let's say I choose a three year fixed rate I live at the property and after 2 years, an opportunity presents itself which involves a relocation necessitating moving out the area. In the case Magellan Homeloans issues me consent to let,would the rate load the interest rate?
  • Given we are relocating and failing to find a buyer for our house, we are considering letting it out. Am I required to disclose this to Magellan Homeloans? If we do, I think they will want to change our mortgage to buy to let and increase fees etc 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 connotations if we haven't got consent to let. Any thoughts?
  • I have a prevailing Magellan Homeloans loan on a property for the last nine years. I am now married and live in my husband’s home. My property is currently vacant and have a choice to sell or let it out. Clearly this will not be a short term agreement as the probability of moving back is low. What should I tell Magellan Homeloans in order to get consent to let?
  • We want to move home and have found a property we wish to purchase so are considering renting out with consent to let from Magellan Homeloans for our current property to enable us to place an offer and not lose the potential new house.
  • Would a prior extension to a mortgage term with Magellan Homeloans be held against us once we applied to Magellan Homeloans for consent to let.
  • I am relocating for work for as long as 12 months... I was wondering if I was able to gain from Magellan Homeloans consent to let the house out while overseas as I do not want to leave it vacant for that period
  • Will I need consent to let from Magellan Homeloans if I am planning to live in the flat myself for half of the year? Furthermore if I receive consent to let for a period of time, say up to 2 years, what happens thereafter.