Need Help?

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.

Frequently asked questions relating to RBS - Virgin One consent to lease

  • I have my one bedroom apartment in Waltham Forest on the market but notwithstanding a few viewers there is a lack of interest so far. As a backup option I am considering leasing out the property if it doesn't sell. I dont anticipate a problem getting consent to let from the freeholder. My financial adviser has told me that in such circumstances I may be required to switch to a buy to let product yet the chances are that I don't have sufficient equity. What's the worst that could happen if I if hypothetically I was to just keep the existing RBS - Virgin One home loan and rent out the flat on the QT I was told that they can put a marker on you for mortgage fraud once find out. Is that right?
  • I have been granted consent to let by RBS - Virgin One for some time now and they now want to speak to me and I expect their motivation will be to get rid of me. Are you able to assist?
  • Last month I received consent to let on a domestic mortgage with RBS - Virgin One with a view to changing to a B2L rate when the fixed term ends in a few months' time, so I'm unclear if this adds to the complexity of the issue! Any guidance gratefully appreciated.
  • We are currently in Hong Kong and letting out our property in Westminster. This is not something we planned but an opportunity came up and we took it. The rent achieved on the flat is insufficient to cover the mortgage so we send back money each month to cover the difference. Earlier today our lender got in touch informing me that as the property is being let out and has been for almost three years we will have to pay 1.5% interest in addition to our current mortgage rate. One option would be to sell the property but this will be far from easy as I am so far away. Would it be possible to remortgage with RBS - Virgin One and get consent to let?
  • At the moment I do not have consent to let from RBS - Virgin One but I would like to apply, I am looking at working away for two years. But want to keep my house for when I come back - are you able to help?
  • Do I require consent to let if I rent to a family member (in my case my brother now lives there and contributes towards the RBS - Virgin One mortgage)?
  • Just wanted to know what needs to be provided to RBS - Virgin One in order to get consent to let? I just finished a three year fixed mortgage and thinking of moving to another flat with my wife.
  • Is consent to let required from RBS - Virgin One if I am intending to reside in the house myself for three months of the year? Also if I obtain consent to let for a period of time, say up to 2 years, what happens thereafter.