Need Help?

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

Recently asked questions relating to Coutts & Co consent to lease

  • Next month I will be relocating to Denmark. As opposed to sell my house, I would like to rent it out, just in case things don’t go as expected. My current mortgage is with Coutts & Co. If I looked to refinance would a new lender consider this as me attempting to avoid a Buy To Let mortgage, of which there is very restricted availability for 80% LTV, and therefore refuse my request for Consent to Let?
  • My friend is intent on letting his flat out on the QT without consent to let from his mortgage lender Coutts & Co. He has been on an interest only mortgage for about 7 years now. Currently owes £110k, having paid for the apartment for about £110k. If he lets the flat out privately, exactly what sanctions does he risk?
  • We have an existing mortgage with Coutts & Co and need clarify if it would be possible to receive consent to let out our garden flat in Tower Hamlets.

    The rationale for needing to lease out the property are as follows: -

    • My wife and I will be migrating to Cape Town in January.
    • In renting out the property this will enable us to make some savings to help the migration process.
    • It would be pointless from a monetary point of view to pay outright for a property which we are no longer living and by letting out the place this would be deemed as an ongoing investment.

    If Coutts & Co granted permission to us for renting we would propose some financial commitments which are as follows: -

    • Continue to pay the monthly mortgage payment directly from my bank account.
    • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Provide our contact details for when we relocate.
  • I rented my house out for three years from 2010-2013 while employed Amsterdam. I have a letter dated March 2010 from the building society granting consent to let. In the letter it explicitly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not changed product since the letter was sent. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not be acceptable to the new lender Coutts & Co for the property I intend to buy.Can this be right
  • My fiance and I have already let but only just realised Coutts & Co should've been notified and consent to let applied for - what's the best course of action now?
  • I have a mortgage with Coutts & Co on a three year fixed rate. I may have chance of a teaching job overseas in a years time. Am I eligible for consent to let by Coutts & Co were I to accept this job overseas?
  • I don't currently have consent to let from Coutts & Co but I would like to change to one, An opportunity has arisen which might involve me working away for eighteen months. But want to keep my property for my return - can you help?
  • I wish to apply for consent to let from my lender Coutts & Co to lease out my property. This is due to me relocating. Can you tell me if Coutts & Co allow consent to let in this situation?