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

Ulster Bank consent to let: Q and A’s

  • I'm about to apply to Ulster Bank to obtain consent to let out my house in Ulster Bank. However I currently have the property for sale but there are no takers and forking out for a full mortgage, council tax and insurance on an empty house is a financial drain. What position would Ulster Bank take if I have the house on the market?

  • I have had consent to let from Ulster Bank for some time now and they now wish to speak to me and I expect their plan may be to get rid of me. Do you have any ideas on what I can do next?
  • I am a letting agent. Where a landlord chooses to let out their house without consent to let from Ulster Bank - have I failed in my duty of care? My guess is that the landlord isn't breaking the law, however, they would be breaking their contract with the Ulster Bank, as Ulster Bank most probably require to be notified of any change in circumstances. If I ignore the issue could I be accruing trouble?
  • I am in the armed forces and am looking to purchase a property using a Ulster Bank mortgage. I would like to get consent to let this property to my mother and father in law. In the future I would reside in the property myself when I leave the armed forces. Is this possible?
  • My partner and I have already been told to write a letter to Ulster Bank to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • How much of my mortgage allowance will be made available to borrow if I change my mortgage to a consent to let with Ulster Bank?
  • I have Ulster Bank mortgage and am considering renting out the property. I understand I would need a consent to let to do that right ?
  • Is consent to let required from Ulster Bank if I am planning to live in the property myself for three months of the year? In addition if I obtain consent to let for a period of time, say up to two years, what happens thereafter.