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.

Magellan Homeloans consent to let: Q and A’s

  • I have a normal mortgage over my residence in loc and am due to relocate to country for three years. During this time it makes financial sense to let out my house. My lender refuses to issue a consent to let. I am not inclined to transfer to a buy to let mortgage as it’s only a short term option that I am abroad for.

  • My query does not specifically concern consent to let, I was wondering if you have an address or telephone number for a dedicated Magellan Homeloans help desk who processes consent to let applications. Magellan Homeloans has a first charge over my house.
  • How likely are Magellan Homeloans in giving Consent To Let on a two bedroom second floor purpose built flat? Agents have had it on the market for a couple of weeks. I am keen to sell but I'm anxious that if there is no interest I will need to let out the property in order to cover the monthly payments to Magellan Homeloans (I do not now reside at the address). My preference is to come clean with Magellan Homeloans than not tell them but I'm not sure how helpful they would be.
  • Much to my surprise I have just been presented with a once in a lifetime career opportunity for eight months in New York. I do have sufficient savings to meet the monthly Magellan Homeloans mortgage yet the buildings insurance requires continuous residency in order to be valid. Last winter the roof had some leaks that were repaired. If there happened to be any problems in the winter months I would find it hard to afford remedial works. Will I qualify for consent to let by Magellan Homeloans for a limited period?
  • Are you able to give me some initial advice re consent to let? We have a Magellan Homeloans mortgage and are thinking of leasing the place out for a couple of years, but cannot really afford to convert to a buy to let mortgage. The estate agent mentioned something about a content to let
  • I will have to move to NYC for two years, I have a property with a Magellan Homeloans mortgage. Do I need to seek consent to let? Will they give it?
  • My partner and I have a mortgage with Magellan Homeloans and would be thinking about purchasing another main residence and then subsequently leasing our current house out. Would I require consent to let from Magellan Homeloans?
  • I am hoping to fix my residential mortgage with Magellan Homeloans but as a result of my job I might have to live abroad for few years. Will Magellan Homeloans allow and grant consent to let and there be any penalty