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.

Top Five Questions relating to RBS- First Active consent to lease

  • Can one refinance on a consent to lease with RBS- First Active?

  • Much to my surprise I have been offered a once in a lifetime career opportunity for eight months overseas. I have enough savings to cover the monthly RBS- First Active mortgage however the buildings insurance stipulates that the property must be occupied in order to be valid. Last Christmas the roof suffered storm damage but was repaired. Should there be any problems during the winter months I would find it hard to afford repair costs. Will I qualify for consent to let by RBS- First Active for a limited period?
  • I currently have a mortgage with RBS- First Active and the LTV is presently 45% with the RBS- First Active current book value and would like to buy another property but do not want to sell my current property at the current market value. I have consent to let from an alternative mortgage provider on a previous property so know a bit about them and I also have buy to let with Accord on another property. Does the expected rental income on a consent to let with RBS- First Active need to be over and above the mortgage repayments? I have a fixed rate which I tied into a fixed rate and left the term at 19 years so it was paid off as early as possible, obviously this leaves with quite a high monthly cost.
  • I am planning to apply for consent to let from my existing mortgage provider RBS- First Active. A friend of mine said that she was given ‘consent to let’ confirmation from a different lender where conditions attached to the consent referred to an assured shorthold tenancy. Can you explain what this is?
  • My OH and I purchased a property in Liverpool with RBS- First Active and am moving to rent a property in Somerset due to work. Is consent to let from RBS- First Activepossible? I only want to lease out the flat for half a year before selling.
  • Afternoon? I am just wondering whether RBS- First Active offer consent to let as an option if I decided to rent out my property under a domestic mortgage. Is there a specific rule for right to buy property and consent to let?
  • Our RBS- First Active mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then apply for a consent-to-let. Is this possible? We don't use the house much now that our kids have grown up, and would be better used as a rental.
  • My wife and I want to let our house out and use the rental income to cover the rent on a house in Bexley. What are the chances of being given consent to let by RBS- First Active without being forced onto a BTL product.