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

Common questions relating to Royal Bank of Scotland consent to lease

  • I am looking to move and let out my one bedroom ground floor purpose built flat in Merton. Having bought it in autumn 2008 and presently on a 85% ltv there is little equity in it. My mortgage is with Royal Bank of Scotland. Do you know where Royal Bank of Scotland stand on consent to let?
  • I have been naive in failing to inform Royal Bank of Scotland that I’m renting my property out. I would like rectify the situation and apply for consent to let. If Royal Bank of Scotland says yes, what are the chances of them learning that I’ve already been renting it without consent?
  • My house had been let to students for three years from 2010-2013 while employed Amsterdam. I have a letter dated May 2010 from my building society granting consent to let. In the letter it clearly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not changed product since the letter was issued. I now plan to move house and rent out my existing house. However, my mortgage advisor has suggested that the 2010 consent to let letter may not satisfy the new lender Royal Bank of Scotland for the house I intend to purchase.Your view would be appreciated
  • I understand that this is a breach of Royal Bank of Scotland terms and conditions of mortgage if I rent out my house having informed that I intend to reside there. The plan is to have the mortgage fully paid off after four years, by which time the property will be mortgage free, meaning I no longer require any consent to let. Royal Bank of Scotland advised me I can overpay as much as I like during the agreement. I know someone who is interested in renting the property. What are the chances of Royal Bank of Scotland discovering that I am not residing at the address? What are the ramifications of not getting consent to let? From what I have read there is a possibility of Royal Bank of Scotland insisting that the property to be sold (however it seems generally accepted is that this is unlikely to occur and adding fees even backdating is more common)
  • It would be helpful to know if Royal Bank of Scotland are likely to give consent to us letting out our home in Haringey
  • We are looking at new mortgages and also thinking of renting the property in the years to come - Is there a fee with Royal Bank of Scotland to receive consent to let and what are the requirements?
  • I would like to know whether Royal Bank of Scotland would have an internal record as to whether consent to let was granted for a specific property?
  • About to remortgage my house but I will potentially moving out in the near future and would be looking to rent it out. Do Royal Bank of Scotland give a consent to let letter?