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.

Sample questions relating to Royal Bank of Scotland consent to let

  • Always on the look out for a money making scheme I am contemplating leasing out my apartment and generate some income whilst on holiday. I only plan to be away for a fortnight. Will consent to let be needed from Royal Bank of Scotland?

  • I have a mortgage with Royal Bank of Scotland however my husband and I will be emigrating to Cape Town in September. The mortgage is in my name yet it is my husband's job that is taking us abroad how do I answer the question: 'please indicate why you wish to let the property':
  • We have a fixed rate mortgage with Royal Bank of Scotland that we are having difficulty getting consent to let as a result of being in Dubai and renting out the apartment such a long time ago without their consent which was an inadvertent error by us. We have a 50% LVR and made overpayments of £500pm for 4 years so we are not in arrears. We are willing to switch onto a BTL mortgage with Royal Bank of Scotland at a bumped up rate however that has not been offered to us.
  • Is it correct that lenders (I have a mortgage with Royal Bank of Scotland) have changed tune and are now taking a more relaxed approach towards consent to let? A broker suggested that BTL mortgages are not regulated by the FCA whereas residential mortgages are. So if I transfer from a owner-occupier to a Buy to let I am moving to a regulated product. His belief was that under the current regulation lenders are wary of letting customers do this, which is likely why some mortgage companies will allow borrowers apply for consent to let but not transfer to a BTL mortgage. Is he right?
  • Wewant to rent out the family home and buy other. What do I need to show Royal Bank of Scotland to obtain consent to let?
  • This is not a question specific to Royal Bank of Scotland but do mortgage companies usually supply the information I need for my Buy to Let or Consent to Let self-assessment tax submissions?
  • Can I remortgage to Royal Bank of Scotland from my current lender, with a consent to let or do I need a let to buy loan, and if so what are the LTV's?
  • I am currently in the process of applying for a mortgage through Royal Bank of Scotland - I foresee that in the coming months I may decide to rent the property out - how would I change the 1st time buyer mortgage to a buy to let mortgage?