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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.

Recently asked questions relating to Royal Bank of Scotland consent to lease

  • I've been with Royal Bank of Scotland for almost 2 years and have just re-fixed the mortgage rate. The loan to value is about 45%. Unfortunately we must move into my mum’s bungalow to look after her, it would make sense to rent our house out - do I require consent to let from Royal Bank of Scotland and is it likely to be granted?
  • I want a bit of initial advice to consider if consent to let is a viable option. I completed the purchase of my apartment 7 months ago by porting an existing Royal Bank of Scotland mortgage product. My fixed rate ran out four months ago. I'm currently considering moving in with a new partner who has his own property and mortgage also with Royal Bank of Scotland, which I would not seek to be added to. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I don't want to transfer to a B2L mortgage yet for 2 reasons: 1) I need to find out whether letting my property is a feasible option for myself and 2) I need to find extra capital to meet the 65% LTV ratio required for a BTL mortgage. Ideally I would like to get a consent to let from Royal Bank of Scotland for a couple of years in order to be more secure in becoming a possible landlord and to generate the capital. If at the end of the consent to let period I was unsure I would probably either sell my property or, depending on the new relationship working out, resume living there.
  • My mortgage is with Royal Bank of Scotland and wonder if I am duty bound to notify them if we no longer reside in the property. I believe that they could jack up the interest rate if we move and rent it out but it's far from clear what the increase would be. If I decide to lease my house out and seek consent to let in what way would the payments go up?
  • I have found myself in the accidental landlord category and without consent to let from Royal Bank of Scotland. I had to vacate my home for family reasons, so now live in another part of the country. At first I tried to sell the flat, but prices were deflated, which meant I was in negative equity. This was four years ago in 2012, the value has increased and has allowed me time to accumulate savings. I am in now in a position where I could switch to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Royal Bank of Scotland that I have been letting without consent to let? I am aware that I shouldn’t have done this, but circumstances left me with limited options. Can I change to a BTL without Royal Bank of Scotland knowing what I’ve done?
  • My Royal Bank of Scotland mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then apply for a consent-to-let. Is this possible? We don't use the house much now that our kids are growing up, and would be better used as a rental.
  • I have a mortgage with Royal Bank of Scotland taken 3 months back where I moved from another mortgage provider. Can I now rent my property with consent to let from Royal Bank of Scotland as I am looking to purchase another property.
  • My wife and I may need to lease our home temporarily due to a new job. This will be for a limited period but no more than twoyears. Should I tell Royal Bank of Scotland or do I keep my head down?
  • I want to get consent to let from Royal Bank of Scotland for a few years until I can move onto a BTL. Is this achievable