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.

Examples of recent questions relating to First Trust Bank consent to let

  • I'm buying a studio flat in Lambeth. My plan is to be there for nine months, and subsequently move into a bigger property. Rather than sell the first apartment my preference would be to let it out so that it form part of my investment portfolio. Do you know if First Trust Bank would give consent to let after half a year?
  • I have a current mortgage contract with First Trust Bank and wish to clarify if it would be possible to gain consent to let out our maisonette in Croydon.

    The rationale for wanting to let out the property are are due to: -

    • Me and my wife will be relocating to Hong Kong in January.
    • In renting out the house this will facilitate savings to help the migration process.
    • There is little merit from a financial perspective to pay off the mortgage for a property which we are no longer residing in and by renting out the home this would be considered as continuing investment.

    If First Trust Bank agreed that we are able to proceed with renting we would suggest some financial assurances which are as follows: -

    • Continue to pay the monthly mortgage payment directly from my current account.
    • Use an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Supply our contact details for when we move.
  • I moved out of my flat about five months ago but didn't get around to get a consent to let letter, mainly because the mortgage fix rate period is ending in six weeks and I am considering a remortgage in any event. I want to ask for consent now, is that going to open up a hornet’s nest?
  • What is the maximum period of time permitted by First Trust Bank that I would be able to let my property before being required to change mortgage or sell my house? Essentially, my partner has asked me to move in with him and I really want to hold onto my house. I would like the security of knowing I still have my own home.
  • Just curious as to whether it is possible if you own one property with consent to let from First Trust Bank, to buy a second with a homeowner mortgage to live in. Then once the consent runs out on the first property, to change to buy to let or sell it?
  • Prospective tenants are about to move into my property and I have mortgage offer from First 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 have a mortgage with First Trust Bank and am considering whether to sell or rent in the short term but don't have the equity for a buy to let mortgage at this stage. What are my consent to let options currently?
  • I would like to get consent to let from First Trust Bank for a couple of years at which point I hope to turn it into a buy to let. Is this achievable