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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.

Questions and Answers: RBS - Direct Line consent to let

  • Last September we bought our council flat, in Hackney,recently valued at £240k. It's completely paid for from our own funds, with no mortgage. We are prohibited from selling (without repaying back a significant amount of the discount) before 5 years have gone by. Regardless, we want to hold onto it as a investment property to let out. We wish to release some equity via a RBS - Direct Line mortgage. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. Are you able to assist?
  • How likely are RBS - Direct Line in issuing me with Consent To Let on a three bed flat? Agents have had it on the market for two months. I am keen to sell but I'm mindful that given the lack of interest I will have to get a tenant in to cover the mortgage to RBS - Direct Line (I do not now reside at the address). I would prefer to come clean with RBS - Direct Line than keep them in the dark but I am concerned as to how accomodating they would be.
  • We are currently in Dubai and renting out our flat in the UK. This is not something we planned but an opportunity arose and we took it. The rent received on the flat is insufficient to cover the mortgage so we send back money each month to make up the difference. Earlier today I got a letter in the mail from our lender informing me that because the property is being let out and has been for almost three years we will have to pay 1.5% interest on top of our current mortgage rate. One option would be to sell the flat but this will be difficult as I am so far away. Could we remortgage with RBS - Direct Line and get consent to let?
  • I am planning to let my property for a year from 6th July next year. Is there a standard format for a letter I can use to write to RBS - Direct Line to apply for consent to let.
  • My fiance and I have a standard variable rate mortgage with RBS - Direct Line and are deliberating on obtaining consent to let so that we can apply for a further mortgage on another property that I own on a buy to let basis. Before we apply We would be interested to know the repercussions if any of making the change and any facts that we need to be aware of.
  • Me and my partner have had my home loan with RBS - Direct Line for ten years and always made payments If I asked for consent to let would I receive a positive reply?
  • I am intending on relocating inside the next six months and wish to let my property out. My mortgage rate is fixed with RBS - Direct Line. I am concerned that a rate hike would be too much if that was a condition of getting consent to let
  • I am interested in consent to let for my house mortgaged with RBS - Direct Line. How do I move forward? Do I have to write to RBS - Direct Line and get them to agree?