Consent-to-let Help for The Royal Bank of Scotland plc One Account

Sample questions relating to RBS (One Account) consent to let

• Me and my husband have a RBS (One Account) home loan and are never missed a loan payment, in gainful employment etc. Can you tell me how much the fees are and if RBS (One Account) usually grant consent to let without transferring to a commercial rate?

• I've been provided with a job opportunity overseas and considering whether it's a good idea leasing my house out. Will RBS (One Account) allow me to switch mortgage or grant consent to let? If not I will have to consider if I should accept the job. I wouldn't mind paying an increased amount as I intend to come back and live in my home after twenty four months. I'm not doing it to to make money. Just really like my house and want to return to it at some point in the future.
• I have a current mortgage contract with RBS (One Account) and need clarify if it would be possible to obtain consent to let out our garden flat in Sutton.

  The purpose for needing to let out the property are as follows: -

  • My family and I will be moving to India in 3 months.
  • By renting out the property this will enable us to make some savings to assist with the migration process.
  • It would be pointless from a fiscal perspective to pay outright for a property which we are not residing in and by leasing out the place this would be deemed as continuing investment.

  If RBS (One Account) granted permission to us for renting we would propose some financial assurances which are as follows: -

  • Continue to pay the monthly mortgage payment directly from my current account.
  • Instruct an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
  • Supply our forwarding details for when we relocate.
• We are currently in Hong Kong and renting out our property in the UK. This was unplanned but an opportunity presented itself and we took it. The rental income is not enough to cover the mortgage so we transfer funds each month to make up the shortfall. Last week our lender got in touch telling me that as the property is being let out and has been for almost four years we will have to pay 1.5% interest on top of our current mortgage rate. One option is to sell up but this will not be easy as I am on the other side of the world. Could we remortgage with RBS (One Account) and get consent to let?
• Can I get an interest only mortgage with consent to let when my current RBS (One Account) deal runs out April 26?
• Is there a set or maximum term how long I could rent my home out to a family member with consent to let from RBS (One Account). I no longer want to live in the area and want to buy a new home?
• My wife and I have a granny flat attached to our property. Do we need consent to let this from RBS (One Account)? If so, what is the process if I wish to change the mortgage to consent to let?
• Do you know if there is usually a required LTV before RBS (One Account) will consider consent to let?