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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.

Top Five Questions relating to RBS - Virgin One consent to lease

  • My husband and I have a homeowner mortgage with RBS - Virgin One. This has been in place for four years. We are intending on leasing out our property and renting in an area close to our children's school until we find the right home to buy. Do RBS - Virgin One usually issue consent to let and do they apply an increase to the mortgage rate?
  • We are a newly married couple and we have identified a property in Harrow that we like and wish to get a mortgage with RBS - Virgin One. My concern is that I am pregnant and might give birth very soon as I am on the last few weeks of pregnancy. This means that it would not be possible for us to move straight away so we are contemplating living with my mum and dad for the next few months. In the meantime, if we get this property, we can lease it out. I was just wondering how will that work out? Will we be liable to be given consent to let from RBS - Virgin One
  • Your view would be appreciated as to whether consent to let from RBS - Virgin One is the correct strategy for me. I purchased my house seven months ago by porting a RBS - Virgin One mortgage product. My fixed rate expired two months ago I'm currently considering moving in with a new partner. I don't want to sell my house yet because I have no idea as to whether the new move will prove successful. I just wanted an idea of whether a consent to let from RBS - Virgin One would be possible?
  • I have a garden flat in Southwark which I purchased six years ago and which I have since remortgaged with RBS - Virgin One on a fixed rate which ends next April. If I want to lease out the property whilst I go travelling what do I need to do and is there a time limit? Are there any other financial repercussions when applying for consent to let?
  • If we request a consent to let letter by RBS - Virgin One will we be forced to convert to buy to let mortgage? We are with RBS - Virgin One and as properties are not currently selling but we have seen one we like we were going to rent our home out in order to buy the new and dispose of this one if the market picks up.
  • Do you know whether RBS - Virgin One will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would RBS - Virgin One let me raise capital based on the rental income ?
  • I have spoken to someone at RBS - Virgin One about switching our current homeloan to consent to let (the current two year fix comes to an end in spring 2016). Can I just confirm that I need to send a letter setting out our change in circumstance to RBS - Virgin One? Where do I need to post it to?
  • Not sure if you can help What do we need to do to obtain consent to let from RBS - Virgin One? And how much equity is needed?