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.

Common questions relating to First Trust Bank consent to lease

  • My wife and I may need to rent out our Camden home for a while due to me taking a sabbatical. This will be for a limited period but perhaps for 4 years. Do I inform First Trust Bank or should I not rock the boat?

  • I need to see if I can receive consent to let on my current apartment. I have a mortgage with First Trust Bank but my situation has changed. I'm looking to move in with my partner and daughter who have a house and more room than my studio flat. I don't think I can qualify for a buy to let mortgage as I don't have money for a deposit nor do I earn in excess of £25000 per annum.
  • My property recently got consent to let on a owner-occupier mortgage with First Trust Bank with the intention of moving to a buy-to-let rate when the fixed term ends within the six months, so I'm uncertain if this adds to the complexity of the issue! Any information gratefully appreciated.
  • Is it possible that mortgage providers (I have a mortgage with First Trust Bank) are adopting a more lenient approach towards consent to let? A mortgage adviser recently told me that BTL mortgages are not regulated by the FCA whereas residential mortgages are. Therefore if I transfer from a homeowner to a BTL I am moving to a regulated product. His belief was that under the current regulation banks are wary of letting customers do this, which is likely why some lenders will let customers obtain consent to let but not switch to a BTL product. Is this correct?
  • My OH is in the process of placing an offer on a new property in Harrow and is getting a good deal as it needs some work done. We want to rent our current property for two years and then return. Is there anything in the Ts and Cs of my First Trust Bank mortgage to say I can lease it out or do I need specific consent to let?
  • I have a question I'd like to ask...if consent to let is granted by First Trust Bank would it usually be subject to a time limit, such as 6 or 12 months?
  • Our First Trust Bank mortgage is coming up for renewal. We would like to apply for a new residential mortgage and then seek consent-to-let. Is this possible? We don't use the house much now that our kids are growing up, and would be better used as a rental.
  • I would like to know if I have a normal mortgage with First Trust Bank and decide to rent it out, does the rate change and are there any additional fees for applying for consent to let.