Need Help?

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

Top Five Questions relating to RBS - Direct Line consent to lease

  • Just looking for some information, I have a mortgage on a flat with RBS - Direct Line and I am thinking about letting my property out. Can I do this without transferring to a BTL or obtaining consent to let from RBS - Direct Line?
  • I am looking to get a consent to let from RBS - Direct Line as my personal situation has altered. My stepdaughter started college and I felt we would move to the area and decided to purchase a house as opposed to spend the money on renting. After having bought the house I have fallen out with my step daughter and she is unwilling to live there. Since the whole point was for her and the house location is not particularly ideal for my work I would like to move out and let the house
  • Is it legal to let out our property without consent to let from our lender? I know that at the time we signed a contract saying it wouldn't be a buy to let property and that we don't own other property. I know you can't use help to buy if you owned other premises at the time, but what about property thereafter? Can you purchase a further property, receive a gifted property?
  • My plan is to let my studio flat out from the end of June next year as I will be travelling for a few months. I have a domestic mortgage with RBS - Direct Line. I will not be letting for more than 6 months. Most likely it will be 4-5 months. I have been told to seek permission from my freeholder first? Please can you suggest what I should be doing in what order?
  • Were I to let my property with consent to let from RBS - Direct Line will will theybump up the interest rate? I am presently on a fixed rate for two years.
  • How do I go about getting a consent to let application form from RBS - Direct Line and how quickly can I get the consent?
  • Are you aware of any leeway in the accepted equity ration before transferring from an existing RBS - Direct Line mortgage to a consent to let?
  • Do you know whether there a time limit on a consent to let from RBS - Direct Line? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?