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Need professional advice for your consent to let with Paragon Mortgages Ltd? 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 Paragon Mortgages consent to lease

  • Are any options available to me if my request to obtain consent to lease is subsequently refused by Paragon Mortgages?

  • I have a consent to let from my current mortgage provider which is about to run out. Since I took this out to travel and start a family. I'm not earning enough just now to pay the mortgage on my own. I have been told I can't extend my consent to let and if I continue renting out I will be in breach of the terms of my mortgage conditions. Due to affordability I don't think the buy to let will be approved. One option I am thinking about is remortgaging to Paragon Mortgages. Are they likely to issue consent to let from commencement of the mortgage?
  • I previously got consent to let from Paragon Mortgages in 2011 but never used it and subsequently refinanced with a new bank. I recently asked for consent to let. I was told it would be authorised since their requirements were met. I have now received a letter advising me that I need to provide a letter from the DWP indicating that that are aware of my current situation before they can issue authorisation. They said this is policy but I have not been able to find these T&Cs on their site. I did complain about the insinuation that I might intend to continue to claim help with interest from the DWP whilst receiving rental on the property. They apologised and offered to deposit £25 in my account . However i still am unable to locate this term and condition and i feel this is otherwise inappropriate I want to let my property as a way of releasing me from redress to social benefits not in order to continue with them
  • If a property owner opts to lease out their property in the absence of consent to let via Paragon Mortgages - what, if any implication might there be for an agent acting for the landlord?
  • I may be looking to lease out my property and wondered what I would need to do to negotiate consent to let from Paragon Mortgages. There is a possibility that I might be emigrating permanently.
  • I recently bought a house with 10% deposit for personal reasons. A homeloan was taken with Paragon Mortgages. However my circumstances have now changed. I am being transferred abroad. Am I able to get consent to let from Paragon Mortgages and put the house up for rent?
  • We need to lease out my apartment to be nearer to my son’s uni and take care of my father. How long will the consent to let take to get from Paragon Mortgages? 2 weeks?
  • I would like to get consent to let from Paragon Mortgages for a couple of years at which point I can transfer to a BTL. Is this feasible