Need Help?

Need professional advice for your consent to let with Secure Trust Bank PLC? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Top Five Questions relating to Secure Trust Bank consent to lease

  • My wife and I are interested in finding out more about the conditions borrowers have to meet before consent to let from Secure Trust Bank is issued. Do you know if there are any restrictions on who can be issued with consent?
  • I have had consent to let via Secure Trust Bank for some time now but they now want to speak with me and I expect their plan is to rid themselves of me. Do you have any suggestions as what I can do next?
  • Your view would be appreciated as to whether consent to let from Secure Trust Bank is the right strategy for me. I acquired my house last June by porting a Secure Trust Bank mortgage product. My fixed rate ended five months ago I'm thinking about moving in with a new partner. I would prefer not to sell my house yet as I'm unsure of whether the new move will work out. Would it be likely that Secure Trust Bank would grant a consent to let based on me letting out my property on a short hold tenancy for 1-2 years and then I either commit to a B2L product or sell it?
  • My husband and I currently live in Melbourne and renting out our apartment in Enfield. This was unplanned but an opportunity came up and we took it. The rental income is insufficient to cover the mortgage so we send back funds each month to cover the difference. Anyway this morning our lender got in touch telling me that because 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 Secure Trust Bank and get consent to let?
  • We have tenants ready to move in and I have mortgage offer from Secure Trust Bank on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.
  • I would like to know if I have a domestic mortgage with Secure Trust Bank and decide to let it out, does the rate get bumped up and are there any supplemental charges for obtaining consent to let.
  • In the event that I was successful in obtaining consent to let from Secure Trust Bank, can I sell during the consent period? Is it possible that I would incur any penalties?
  • Do you know whether there a time limit on a consent to let from Secure Trust Bank? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?