Need Help?

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.

RBS - Virgin One consent to let: Q and A’s

  • We just obtained consent to let from RBS - Virgin One. After some effort, RBS - Virgin One have issued me with ‘consent to let’ confirmation . There is reference to an assured shorthold tenancy. Can you explain what this is?

  • I've got an existing homeloan with RBS - Virgin One approaching twenty four months and the fixed rate is due to be renegotiated. We are thinking of releasing equity out of our current address to allow us to purchase a new larger house and then let out the current three bed flat. The initial advice we received was that we will get a new domestic mortgage with a consent to let - can you explain what this is?
  • I have a house in Lewisham but I am moving with my girlfriend to a different location for work purposes and moreover near her university. I would prefer to keep my house but not sure I can afford a buy to let rate. It will only be temporary -three years until my girlfriend completes her degree and I can sell, or move elsewhere. My mortgage is with RBS - Virgin One. Do you think they will grant consent to let?
  • My husband and I currently live in Melbourne and leasing out our flat in Merton. This was unplanned but an opportunity arose and we took it. The rental income is insufficient to cover the mortgage so we transfer money each month to make up the shortfall. Anyway this morning I got a letter in the post from our lender telling me that as the property is being let out and has been for nearly two years we will have to pay 1.5% interest in addition to our current mortgage rate. We could sell up but this will be far from easy as I am on the other side of the world. Could we remortgage with RBS - Virgin One and get consent to let?
  • This is not a question specific to RBS - Virgin One but do lenders generally supply the information I need for my Buy to Let or Consent to Let self-assessment tax returns?
  • My RBS - Virgin One mortgage fixed rate expires in April and have to relocate for work then. What are the chances that I will be able to both remortgage and gain consent to let?
  • Four months ago I acquired a flat with a RBS - Virgin One home loan. However I am presently living with mother and father. I don't want to move in until September 2017 due to personal issues. In interim can I let out the property with consent to let?
  • Do I need consent to let if I rent to a family member (in my situation my father now lives there and contributes towards the RBS - Virgin One mortgage)?