Need Help?

Need professional advice for your consent to let with First Trust Bank? 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 First Trust Bank consent to lease

  • Two years ago my husband and I purchased our council house, in Hackney,recently valued at £220k. It was paid for in full from our own finances, unencumbered. We are prohibited from selling (without penalty of losing some of our discount) before five years have expired. Regardless, we wish to retain it as a investment property to rent out. We are considering taking out a mortgage with First Trust Bank. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. is this something you can help me with?
  • As a result my job, I am in a position where I anticipate that First Trust Bank will issue me with Consent to Let from the outset of purchasing a property. I currently plan to purchase a property in Brent and lease it out, I will remain in the house that is provided (rent payable) by my employer. As I will be letting out the property I will obviously have to complete a Self Assessment Tax Return, but I just want to check that although it is my only property (and it is not on a buy to let mortgage), can I utilize Tax relief for the interest on my mortgage and the expenses of renting out the property. I can only find information for those with a buy-to-let mortgage, but mine will technically be residential.
  • I am unable to locate the form to download "consent to let" on the First Trust Bank website. Could you please send me the URL to do it? Thanks a lot.
  • Me and my husband are in a complex mortgage situation in the last 2-3 month. We have to lease our home with consent to let and move to a different location due to schooling. We now rent a home. We are finding it very difficult to find a better mortgage deal for our consent to let home. Is there is a list available as to which lenders grant consent to let and what their conditions are?
  • As a result of job opportunities I will be moving to Wales and would like to let out my flat temporarily, are you able to confirm what steps I need to take in order to get consent to let from First Trust Bank?
  • I want to take in in a lodger for my studio flat in Bexley which I live in. My mortgage is with First Trust Bank. How do I go about getting a consent to let?
  • Would I be able to remortgage to First Trust Bank from my existing provider, with a consent to let or do I need a let to buy mortgage, and if so what are the LTV's?
  • Am I required to wait for consent to let to be given on my existing residential mortgage with First Trust Bank before applying for a resi mortgage on a second property?