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.

Frequently asked questions relating to Secure Trust Bank consent to lease

  • Are any options available to me if my request for consent to lease is subsequently refused by Secure Trust Bank?

  • We are currently 1 year into a year fixed rate mortgage with Secure Trust Bank. Ideally we would like to buy a more substantial second property in the next few months however would prefer to keep the first home and I was enquiring as to what reason we could put down on the consent to let application to obtain consent to from Secure Trust Bank
  • I rented my house out for three years from 2009-2012 while working overseas. I have a letter dated June 2010 from my lender granting consent to let. In the letter it explicitly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not refinanced since the letter was issued. I now plan to move house and rent out my existing house. However, my mortgage advisor has suggested that the 2010 consent to let letter may not be sufficient for the new lender Secure Trust Bank for the house I intend to purchase.Your view would be appreciated
  • We plan to lease our existing apartment out shortly after we move. I will apply for consent to let from Secure Trust Bank. At the present time the flat is in my name but I am a higher rate tax payer. Do I need to do a equity transfer to her or should we enter into a Declaration of Trust?
  • I have split up with my ex and we have each moved into our parents house and plan to divorce. What do I have to do to get Secure Trust Bank to give consent to let our house out to students?
  • Our Secure Trust Bank mortgage is coming up for renewal. We would like to apply for a new fixed rate mortgage and then seek consent-to-let. Is this possible? We don't use the house much now that our kids have grown up, and would be better used as a rental.
  • Do you know whether Secure Trust Bank will accept rental income on consent to let for affordability purposes or does it need to be BTL ? Would Secure Trust Bank let me raise capital based on the rental revenue ?
  • I may potentially need consent to let from Secure Trust Bank in the future with work. I am just checking what the options would be if this was the case. Are there any time restrictions on the length you can let out a property with consent?