Need Help?

Need professional advice for your consent to let with The Royal Bank of Scotland plc First Active? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Questions and Answers: RBS- First Active consent to let

  • Do I need consent to let from RBS- First Active or can I lease out my new house without telling RBS- First Active and having to switch to a B2L loan?

  • A year ago my building society (not RBS- First Active) granted me with consent to let. This was subject to a provision that every half year they would add a charge of 0.5% of the outstanding mortgage amount. Having the first few payments they have omitted to make the charge in recent months. This may well be a basic computer error but I am nervous that it would also mean I no longer have Consent to Let.
  • I am expecting any day now a mortgage offer from RBS- First Active for a freehold house. I have applied via a broker. It is a capital and interest mortgage. I wonder what is the main criteria RBS- First Active adopt in order to grant borrowers consent to let? Is consent to let based on the rental yield of a property?
  • I recently got married and my wife and I would like to purchase a family home in the coming year, whilst keeping our three bedroom ground floor purpose built flat in Islington we currently live in to rent out. Mortgage on the flat is with RBS- First Active. I don't want to put myself in a situation with two residential properties and then be refused consent to let.
  • I am considering moving overseas for work and would like consent to let from RBS- First Active whilst I am away. Is the way forward to complete the consent to let form and mail it to RBS- First Active? Letting the property isn't to make money but to keep the house in case things don't turn out as well as we hope
  • I would like to rent out my home for 3 years at most. I would like to know if I could have a consent to let from my current mortgage lender RBS- First Active?
  • Is consent to let a cheaper way of renting out your property? Isn't this a loophole for some people to exploit?
  • I might potentially need consent to let from RBS- First Active in the future with work. I am just seeing what the options would be if this was the case. Is there a limit on how long you can let out your property with consent?