Need Help?

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

  • I have a mortgage with RBS - Virgin One and I am planning buying a home with my soon to be wife. It's her council house on a right to buy scheme. Will I be able to switch my RBS - Virgin One mortgage to lease out my existing property in Tower Hamlets even though the property is currently in negative equity.
  • My colleague is intent on letting his apartment out on the QT without consent to let from his mortgage lender RBS - Virgin One. He has been on an interest only mortgage since 2008. Outstanding amount due is £110k, having paid for the flat for around £110k. In the absence of getting consent to let from RBS - Virgin One, exactly what sanctions does he risk?
  • We have an existing mortgage with RBS - Virgin One and wish to clarify if it would be possible to obtain consent to let out our one bedroom apartment in Harrow.

    The purpose for wanting to find tenants for the property are are due to: -

    • Me and my wife will be moving to Hong Kong in 3 months.
    • In letting out the property this will facilitate savings to help the migration process.
    • There is little merit from a financial point of view to redeem the mortgage for a property which we are no longer living and by leasing out the place this would be viewed as continuing investment.

    If RBS - Virgin One granted permission to us for renting we would suggest some financial commitments which are as follows: -

    • Continue to pay the monthly mortgage payment directly from my current account.
    • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our forwarding details for when we relocate.
  • What is the maximum period of time permitted by RBS - Virgin One that I would be able to let my property before having to switch mortgage or sell my house? In short, my boyfriend has asked me to move in with him and I really don't want to sell my house. I would like the security of knowing I still own my own home.
  • What information should I include in a letter requesting consent to let my property in Merton? I would like to send a request to my mortgage provider RBS - Virgin One.
  • I'm possibly going to Aus for twelve months with work. Planning on taking the husband with me and hoping to rent our UK home in the meantime on a short term basis to make matters more cost effective. I was just wondering where I can I get a consent to application form from
  • We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a six month thing before consent to let - does this apply to all lenders. Is there any way RBS - Virgin One would allow it from the start?
  • Do I need consent to let if I rent to a family member (in my case my mum now lives there and contributes towards the RBS - Virgin One mortgage)?