Consent to Let - Magellan Homeloans Requirements

The purpose of this page to assist property law practitioners on the Magellan Homeloans solicitors panel where the firm’s non-lender client proposes to rent out their property. Lawyers should still check the CML handbook requirements for Magellan Homeloans. The information on this page is not focused on buy-to-let requirements but is isolated to situations where the borrower will need consent to let from Magellan Homeloans.

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Magellan Homeloans requirements state that if ahead of completion of the conveyancing retainer, the borrower informs you of an intention to let the property you should advise the borrower that any letting of the property is prohibited without prior consent to let from Magellan Homeloans. If the borrower wishes to let the property after completion then an application for consent to let should be made to Magellan Homeloans by the borrower.

The content set out above covers to properties in England and Wales.

Other sites are avaialble targeted to borrowers for information and help on consent-to-let with Magellan Homeloans.

Consent-to-let requirements differ from the Magellan Homeloans buy-to-let requirements.