Need Help?

Need professional advice for your consent to let with The Royal Bank of Scotland plc? 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 Royal Bank of Scotland consent to lease

  • Were I to take out a new product with Royal Bank of Scotland how long must I wait for consent to let without switching from a normal mortgage?
  • I understand that this is a breach of Royal Bank of Scotland terms and conditions of mortgage if I lease out my property having informed that I intend to reside there. The plan is to repay the mortgage after six years, by which time I will become the outright owner, meaning I no longer require any consent to let. Royal Bank of Scotland advised me I can overpay as little as I like during the lifetime of the mortgage. I know someone who wants to rent the property. What is the likelihood of Royal Bank of Scotland finding out? What are the consequences of not getting consent to let? From what I have read there is a possibility of Royal Bank of Scotland levying a penalty
  • I need to decide what to do ie let or sell. The property has a mortgage against it with Royal Bank of Scotland (with a large chunk of equity). We are planning to move out of Manchester and if at all possible would like to to rent out our house with consent to let from Royal Bank of Scotland and use the income from that to help secure a second mortgage for a house to live in. What is the best way to fund a second mortgage without selling my old property and using the equity as a deposit for the new property. Is there anyway I can change my old mortgage to a buy to let mortgages or obtain consent to let and take on a second mortgage without having a deposit to put down.
  • My fiance and I intend to rent our existing flat out shortly after we move. I will apply for consent to let from Royal Bank of Scotland. As of now the apartment is in my name but I am a higher rate tax payer. Is it best to do a equity transfer to her or should I enter into a Declaration of Trust?
  • Due to career opportunities I will be relocating to Scotland and would like to rent the flat temporarily, please let me know what action I need to take in order to obtain consent to let from Royal Bank of Scotland?
  • Do Royal Bank of Scotland offer consent to let? I am just considering this in order to move house in the the near future
  • I want to consider the option of renting out my house with consent to let from Royal Bank of Scotland whist away travelling for three months
  • What happens if a borrower has already leased out the property for some years as an HMO and now want to legalise the situation with Royal Bank of Scotland by getting consent to let ? (work on the basis that Royal Bank of Scotland had in the past given a standard mortgage previously)