Consent-to-let Help for Magellan Homeloans

Examples of recent questions relating to Magellan Homeloans consent to let

• I am a first time buyer looking to purchase a terraced house in Magellan Homeloans. I have a 50% deposit with a mortgage from Magellan Homeloans. My dilemma is that my girlfriend inherited a flat in London and I hope to be moving in next year, when I would have to let out my property. I have heard of consent to let but it does not sound like a positive outcome is assured. Can you offer any advice?

• Earlier this year I let out my studio flat having been given Consent to Let with my mortgage lender. 6 months have now gone by and they have upped my repayment percentage as forewarned. I am unwilling to swap to a more favourable product with them, as they will revoke my consent to let. Were I to go with another mortgage company for example Magellan Homeloans, would I need to take out a B2L mortgage or could I simply remortgage and gain consent to let?
• I have had a Magellan Homeloans loan on a house for the last nine years. Fast forward and I have got married and moved into my husband’s home. My property is currently unoccupied and have a choice to sell or let it out. Chances are that this could be a long term agreement as the probability of moving back is low. What should I tell Magellan Homeloans in order to get consent to let?
• I am intent on purchasing a property, renting two of the bedrooms out to help cover the mortgage with Magellan Homeloans, and then moving on in two or three years - at which point the property would be fully rented. Is it likely that Magellan Homeloans would frown upon this as I will have been issued with a normal loan rather than a B2L or consent to let? I've read that the worst case scenario is that they can repossess the property, is this correct?
• My Magellan Homeloans mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then seek consent-to-let. Is this possible? We don't use the house much now that our kids have grown up, and would be better used as a rental.
• My wife and I took out a mortgage with Magellan Homeloans a few months ago and although it's a long way off we may have to relocate around next July or August and would like to be able to lease our flat out. Would this be possible with a residential mortgage?
• My husband and I have a mortgage with Magellan Homeloans and would be thinking about buying another main residence and then subsequently renting our current home out. Would I require consent to let from Magellan Homeloans?
• I would like to find out more about how to get consent to let on a property. In particular what is the procedure for consent to let if you have a homeowner mortgage with Magellan Homeloans