Need Help?

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

  • Am in possession of a mortgage offer from RBS- First Active, but we hit a brick wall. My husband is a teacher in a boarding school, and as such we are provided with a residence as part of his employment. We wanted to buy a one bedroom apartment to get on the ladder, and let it out while we're based at the school. I had thought RBS- First Active would be willing to give consent to let from day one of the mortgage. It transpires that we may not be able to get consent to let. Do you have any advice?
  • I have a studio flat in Lewisham let out which has a 62 year lease. Mortgage broker suggested I should remortgage (currently with RBS- First Active) as a buy to let instead of consent to let and release 45-55k which on top of a new homeloan based on income multiples would give me a budget of £195k. Limited available in Ealing for me to get my own place. A lease extension will be in region of 19k. Should I keep or sell the flat?
  • I have a current mortgage contract with RBS- First Active and need clarify if it would be possible to seek consent to let out our garden flat in Hillingdon.

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

    • My family and I will be relocating to Cape Town next spring.
    • By letting out the house this will enable us to make some savings to help the migration process.
    • It would be pointless from a financial point of view to pay outright for a property which we are not residing in and by renting out the place this would be deemed as continuing investment.

    If RBS- First Active granted permission to us for renting we would suggest some financial assurances to include: -

    • Continue to pay the monthly mortgage payment directly from my current account.
    • Instruct an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our contact details for when we move.
  • I am unable to locate the form to download "consent to let" on the RBS- First Active website. Could you please send me the URL to do it? Thanks a lot.
  • I have a domestic mortgage with RBS- First Active and require consent to let. What are the factors and requirements that I need to be aware of in order to obtain consent?
  • Hi my partner and I own and live in 2 separate properties can I obtain consent to let from RBS- First Active and let my one bedroom second floor purpose built flat out if I move in with her?
  • I have RBS- First Active mortgage and am considering renting out the property. I understand I would need a consent to let to do this...is that right ?
  • Not sure if you can help What do I need to do to obtain consent to let from RBS- First Active? And what are the costs involved?