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

RBS - Virgin One consent to let: Q and A’s

  • I am wanting to contact my lender RBS - Virgin One explaining the following reasoning for me asking for consent to let ; "I am having difficulties with the monthly mortgage amount and thinking about a to move to a smaller property but can't sell. I am very concerned by failing to make payments and have considered returning the keys. If you issued consent to let this will likely solve matters." Is this likely to result in a positive response?
  • I am interested in finding out more about the conditions customers have to satisfy before consent to let from RBS - Virgin One is issued. Do you know if there are any restrictions on who can be issued with consent?
  • How likely are RBS - Virgin One in granting Consent To Let on a maisonette? It is currently on the market and it has been for three months. I am keen to sell but I'm concerned that if there are no takers I will need to rent out the property in order to cover the mortgage to RBS - Virgin One (I do not now reside there). I would prefer to come clean with RBS - Virgin One than do it on the sly but I'm not sure how understanding they would be.
  • My partner and I currently live in Dubai and leasing out our property in Islington. This is not something we planned but an opportunity presented itself and we took it. The rental income is not enough to cover the mortgage so we send back funds each month to make up the difference. Anyway this morning our lender got in touch telling 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 up but this will be far from easy as I am on the other side of the world. Could we remortgage with RBS - Virgin One and get consent to let?
  • I was just wondering if RBS - Virgin One were picky when giving out consent to let. I sent my request on date and I am waiting to hear back. Should I start chasing or wait for a bit longer?
  • We are applying to switch mortgage provider to RBS - Virgin One for a fixed rate but during this period would need to rent the apartment out for about one year. Do RBS - Virgin One consent to let on fixed rate home loans and if so, what are the procedures.
  • I am thinking about moving in with my boyfriend but do not want to to sell my place. How do I go about applying for consent to let from RBS - Virgin One, and how likely is it that this will be obtained?
  • Am I required to obtain consent to let if I rent to a family member (in my situation my mother now lives there and contributes towards the RBS - Virgin One mortgage)?