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

Frequently asked questions relating to Coutts & Co consent to lease

  • If I was to rent out my garden flat with consent to let via Coutts & Co, what proof would be required of the letting? If after 1 year I decided to let it on a series of short term lets, am I still required to provide evidence to Coutts & Co, or will they leave me alone as long as i keep up with the payments? For instance if I let the rooms separately at a later stage, is there any reason for Coutts & Co to be informed and would they take issue?
  • I own a two bedroom leasehold apartment via a Coutts & Co mortgage and have a lodger sharing with me. I am about to relocate to Bromley and will look for a property to rent. My lodger doesn't want to leave so has agreed to pay a higher rent. Do I have to ask for consent to let from Coutts & Co?
  • I've been provided with a job opportunity abroad and wondering if it's worth renting my property out. Will Coutts & Co permit me to change mortgage or grant consent to let? Should it not be available I will have to consider if I should accept the job. I have no objection to paying an increased amount as it is likely that I will come back and move into my home after 1 to 3 years. I'm not doing it to profit. Just love my property and wish to return to it at some point in the future.
  • I have a residential mortgage coming up for renewal with Coutts & Co. I have had the house rented out for a few years and I now realise I should have disclosed this to Coutts & Co. I am led to believe that it is possible to request consent to lease, but given that the property has already been let out could they deny - force me to switch a BTL rate and even fine me? I have over 50% equity in the property - and the rental income far exceeds the mortgage.
  • Is it possible that Coutts & Co would have an internal record as to whether consent to let was granted for a specific property?
  • I am considering relocating with work and would need to rent my property out. I have a mortgage with Coutts & Co. My property is worth approx £185k and owe £85k on it. Do you think Coutts & Co increase my interest rate?
  • I would like some guidance on how best to approach my mortgage company Coutts & Co regarding a 'Consent-to-Let' application. Is this a task you can help with ?
  • Do you know whether there a time limit on a consent to let from Coutts & Co? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?