Need Help?

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

RBS - Direct Line Consent to Lease Example Support Desk Enquires

  • I am a couple of years into a 5 years fixed rate mortgage and planning to take an overseas job so would like to let my flat for 2 years. My LTV is about 50%. My query is if RBS - Direct Line will increase my interest for consent to let for the period that the property is tenanted?
  • We have an existing mortgage with RBS - Direct Line and need clarify if it would be possible to seek consent to let out our studio flat in Redbridge.

    The reasons(s) for wishing to let out the property are are due to: -

    • My family and I will be moving to India in 3 months.
    • By renting out the property this will enable us to make some savings to support the migration process.
    • There is little merit from a monetary perspective to pay outright for a property which we are not living and by letting out the home this would be deemed as an ongoing investment.

    If RBS - Direct Line granted permission to us for renting we would propose some financial commitments which are as follows: -

    • Maintain paying the monthly mortgage payment directly from my bank account.
    • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Supply our forwarding details for when we relocate.
  • Can you explain exactly what sort of service you provide - I have a home loan with RBS - Direct Line and I would like to apply for consent to let - do you effectively help with the application for this and help answer questions related to it?
  • Our current property in Newham has approximately £120K equity with a mortgage with RBS - Direct Line. It's a 3 bed house in a popular catchment and it should rent easily. We are probably moving for my husband's work and were considering holding onto the house on as a rental property - should we be swapping the mortgage to a B2L product or should we request consent to let from RBS - Direct Line?
  • I will have to move to Miami for a couple of years, I have a property with a RBS - Direct Line mortgage. Do I need to obtain consent to let? Will they be cooperative?
  • I am deliberating a remortgage and also thinking of renting the property in the future - Is there a cost with RBS - Direct Line to obtain a consent to let and what are the requirements?
  • Please can you provide me with details of how to go about obtaining consent to let from RBS - Direct Line and what, if any, fees I face.
  • Are you able to advise me how much the fees are and if RBS - Direct Line ordinarily grant consent to let without changing to a commercial rate?