Need Help?

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

Top Five Questions relating to Virgin consent to lease

  • We've been renting my wife's old house out with "consent to let" from Virgin on a residential mortgage for the last 24 months. Virgin have put forward an ultimatum withdrawing their consent to let if we do not convert to one of their "buy to let" deals.

  • I have a homeowner mortgage with Virgin and will be joining the Royal Fleet Auxiliary in March. This is a civilian manned fleet owned by the MOD. I will be at sea four months on and three months in the UK. During my time on assignment I want to rent out my house in Redbridge and live with my brother when on shore. If Virgin refuse are there lenders that might be amenable?
  • What information do Virgin expect to to decide whether to grant consent to let. I have a 3 year fix with them. I have never defaulted in payments. I am planning a move to the countryside due to the family getting bigger. I will be staying with my existing job and my salary has gone up thirty per cent since I took the mortgage out.
  • I have a property in Hounslow with a Virgin mortgage but have not lived there for a while. My brother moved in but is there rent free. At the moment I live in rented accommodation and am keen to purchase a house. I have come across a dream property at an attractive price. I have enough of a deposit to use on the house I am interested in but would find it difficult to pay enough off the old property to change it to a buy to let loan simultaneously. Can I switch the current Virgin mortgage for my old property into a consent to let and use my savings to pay a larger deposit for the residential mortgage on the property that I want to buy?
  • I have a homeowner mortgage with Virgin and require consent to let. What are the factors and procedures that I need to be aware of in order to obtain consent?
  • Are you able to help? I am just curious whether Virgin offer consent to let as an option should I decided to let out my home under a domestic mortgage. Is there a specific rule for right to buy property and consent to let?
  • I am trying to find out Virgin fees for conversion to consent to let from a fixed rate residential mortgage?
  • I am a Virgin borrower. I would like to apply for consent to let my flat. I have been waiting for Virgin to get back to me. Are you able to please check and help?