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.

RBS - Direct Line consent to let: Q and A’s

  • Is consent to let needed from RBS - Direct Line or can I lease out my basement flat without telling RBS - Direct Line and having to transfer to a buy-to-let mortgage?

  • I am wanting to write to my lender RBS - Direct Line setting out the following reasoning for me asking for consent to let ; "I am having difficulties with the mortgage and thinking about a to move to a smaller property but can't sell. I wish to avoid failing to make payments and have thought about returning the keys. If I had consent to let that may solve things." What are the chances that this will result in a positive response?
  • We have an existing mortgage with RBS - Direct Line and need clarify if it would be possible to receive consent to let out our maisonette in Ealing.

    The purpose for needing to let out the property are are due to: -

    • My wife and I will be migrating to Hong Kong in 3 months.
    • By renting out the house this will facilitate savings to help the migration process.
    • It would be pointless from a financial perspective to pay outright for a property which we are no longer residing in and by renting out the home this would be viewed as continuing investment.

    If RBS - Direct Line agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

    • Continue to pay the monthly mortgage payment by standing order.
    • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Supply our forwarding details for when we emigrate.
  • I have a property in Brent with a RBS - Direct Line mortgage but I no longer live there. My brother moved in but is there rent free. I currently live in rented premises and am keen to buy a house. I have come across an ideal property at reasonable price. I have enough of a deposit to use on the house I am interested in but would find it difficult to pay enough off the old property to switch it to a BTL mortgage simultaneously. Can I transfer the current RBS - Direct Line mortgage for my old property into a consent to let and use my reserves to pay a larger deposit for the residential mortgage on the property that I want to buy?
  • I am considering renting my apartment will RBS - Direct Line charge me for a consent to let letter?
  • Do I need to wait for consent to let to be given on my existing residential mortgage with RBS - Direct Line before applying for a resi mortgage on a second property?
  • What, if any, income criteria do RBS - Direct Line set for consent to let on an existing domestic mortgage?
  • I have an cottage in our garden. Do we need consent to let this from RBS - Direct Line? If so, what is the process if I would like to transfer my mortgage to consent to let?