Consent-to-let Help for Coutts

Coutts & Co Consent to Lease Example Support Desk Enquires

• I am a FTB looking to purchase a small house in Coutts & Co. I have a good size deposit will be getting a mortgage from Coutts & Co. My predicament is that my fiancee has a flat in Birmingham and I can foresee myself moving in next month, at which point I would want to let out my house. I have heard of consent to let but it does not sound like a positive outcome is assured. Can you offer any advice?

• In what situations will consent to let for a property be granted by Coutts & Co? How long do you have to have had owned the property before consent to let can be obtained from Coutts & Co? By way of background:We were living in a very small apartment which is too small for our family, my wife is also unwell and we are far away from family who could provide a bit of relief, in the form of babysitting. I would be interested in procuring consent to let initially to be able to renting the property out to offset the expense of the Coutts & Co mortgage.
• I need to explore if I can obtain consent to let on my existing flat. I have a mortgage with Coutts & Co but my circumstances have changed. I'm looking to move in with my partner and son who have a house and more room than my 1 bed flat. I don't think I can qualify for a buy to let loan as I don't have money for a deposit nor do I earn in excess of £25000 a year.
• I have just been presented with an excellent career opportunity for 6 months in New York. I have enough savings to meet the monthly Coutts & Co mortgage yet the buildings insurance stipulates that the property must be occupied in order to be valid. Last December the roof was damaged but repaired. If there happened to be any problems through the winter months I would struggle to cover the repair costs. How likely is it that I will get consent to let via Coutts & Co for the period I am abroad?
• My Coutts & Co mortgage fixed rate ends in April and have to move with work then. Will I be able to both refinance and obtain consent to let?
• I am considering moving in with my boyfriend at his home and would like to rent out my property that I acquired last year, I'm just not sure of the process as my property is my first home. What do I need to do to obtain consent to let from Coutts & Co If I obtain consent would my mortgage payments rise?
• My partner and I have a mortgage with Coutts & Co and would be thinking about buying another main residence and then subsequently renting our current house out. Do I need consent to let from Coutts & Co?
• In the event that I was successful in obtaining consent to let from Coutts & Co, could I sell during the consent period? Is it possible that I would incur any penalties?