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.

Common questions relating to RBS - Virgin One consent to lease

  • Me and my husband live in a marital home where we have a number of empty rooms. We are exploring the opportunity of creating an B&B type operation to rent rooms out on a short term basis. Do you know this is likely to be acceptable in accordance with RBS - Virgin One’s consent to let protocol?
  • Our present property in Sutton has probably about £120K equity with a mortgage with RBS - Virgin One. It's a decent family house in a popular catchment and it should rent easily. We are possibly moving for my husband's work and were considering holding onto the house on as an investment property - should we be swapping the loan to a B2L product or can we get consent to let from RBS - Virgin One?
  • My partner and I currently live in Hong Kong and letting out our flat in the UK. This is not something we planned but an opportunity came up and we took it. The rent received on the apartment is insufficient to cover the mortgage so we transfer money each month to cover the shortfall. Yesterday I got a letter in the mail from our lender telling me that as the property is being let out and has been for almost four years we will have to pay 1.5% interest on top of our current mortgage rate. We could sell the apartment but this will not be easy as I am on the other side of the world. Would it be possible to remortgage with RBS - Virgin One and get consent to let?
  • I have a maisonette in Croydon which I inherited in 2007 and which I have since remortgaged with RBS - Virgin One on a fixed rate which ends next September. If I want to let out the property whilst I go travelling what do I need to do and is there a time limit? Are there any other consequences when seeking consent to let?
  • RBS - Virgin One. Will they issue consent to let a house for three years? I reoccupy as an owner.
  • My RBS - Virgin One mortgage rate comes to an end next September can I move to a interest only with consent to let?
  • I currently have a residential mortgage with RBS - Virgin One and plan on letting due to work being based in Bristol. In seeking consent to let from RBS - Virgin One do I run the risk of them forcing me to change deal to B2L
  • We've spoken to someone at RBS - Virgin One about switching our current mortgage to consent to let (the current 2 year fix expires in september next year). Can I just confirm that I need to send a letter explaining our change in circumstance to RBS - Virgin One? Where do I need to send the letter to?