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Need professional advice for your consent to let with The Royal Bank of Scotland plc One Account? 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 (One Account) consent to let

  • Last year my wife and I bought our council flat, in Southwark,recently valued at £240k. It's completely paid for from our own funds, mortgage fee. We can't sell (without repaying back a significant amount of the discount) before five years have gone by. Regardless, we wish to keep it as a investment property to let out. We wish to release some equity via a RBS (One Account) mortgage. If RBS (One Account) refuse are there lenders that might be amenable and grant consent to let?
  • I would like to purchase a second property having recently bought a one bedroom apartment on normal mortgage. Intend to purchase next year. I am told that I may need consent to let from RBS (One Account), my current mortgage provider? What is the best way to manage this and gain the consent needed.
  • Me and my partner have a flat in Merton which we acquired off-plan just over eight years ago. As the family is growing we are looking for a larger place. We've identified a house in Harrow that we wish to buy and want to keep the flat as an investment to rent out. The mortgage is with RBS (One Account) and we've found a tenant who will pay rent which more than covers the monthly mortgage amount. The query is, can we retain the repayment mortgage with RBS (One Account) so we effectively paying off our loan on the property or must we to transfer to a buy-to-let product?
  • Just wondering whether RBS (One Account) conduct any checks when applying for a residential mortgage, I'm ideally looking to rent the property out and am in two minds as to whether I should apply for consent to let. How would they find out if I rent the house out?
  • I have recently got married and I am in the process of buying out 100% of my co-ownership mortgage with my wife. As a result we have now been given a 90% loan to value on our house. We want to buy a larger place. Will it be possible to get a consent to let on my new mortgage with RBS (One Account) to allow us to get a mortgage also with RBS (One Account) for a new home?
  • Can I get an interest only mortgage with consent to let when my current RBS (One Account) deal runs out June 23?
  • Will RBS (One Account) choose to exercise a right to convert the rates on a residential mortgage where Consent to Let at any time, onto ‘rates equivalent to their B2L range'? Is it possible to remortgage on a consent to let with RBS (One Account)?
  • My wife and I want to let our house out and use the rental income to pay rent on a house in Bromley. What are the chances of being given consent to let by RBS (One Account) without being forced onto a BTL product.