Need Help?

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.

Top Five Questions relating to Coutts & Co consent to lease

  • I am a first time buyer in the process of trying to buy a flat. However I am potentially also going to be moving abroad in the near future. I have told this to my mortgage broker who has informed me as long as nothing has been signed or confirmed you can go ahead and apply for a residential mortgage with Coutts & Co. Once that's complete if it transpires that I need to move abroad he said can apply for a consent to let from Coutts & Co. Does that sound like the right advice?
  • We currently have a five year fixed rate home loan with Coutts & Co that we're approximately a year into. Our circumstances have now altered and we would like to let out our property for a while and move to another town. What can we do to mitigate the possibility of Coutts & Co refusing to grant consent to let.
  • I have a Coutts & Co mortgage with my twin and want to leave and get a new mortgage with my partner. How should I proceed with leasing out my room? Is consent to let required via Coutts & Co? My twin will stay in the property
  • We are currently in Melbourne and renting out our apartment in Brent. This was unplanned but an opportunity came up and we took it. The rental income is insufficient to cover the mortgage so we transfer funds each month to make up the difference. Anyway this morning I got a letter in the mail from our lender informing me that as the property is being let out and has been for nearly two years we will have to pay 1.5% interest on top of our current mortgage rate. We could sell the apartment but this will be difficult as I am on the other side of the world. Would it be possible to remortgage with Coutts & Co and get consent to let?
  • We have already been told to write a letter to Coutts & Co to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • Do you know if Coutts & Co would have an internal record as to whether consent to let was granted for a specific property?
  • We have a mortgage with Coutts & Co on our garden flat in Greenwich. We are planning to buy a new house to move into. How do I move my existing mortgage on to consent to let?
  • I have a mortgage with Coutts & Co but am wanting to lease my house out and move in with my partner and baby what is required to obtain consent to let?