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

  • I have a maisonette in Bromley let out which has a fifty year lease. Mortgage adviser suggested I should refinance (currently with First Trust Bank) as a buy to let rather than consent to let and release 55-60k which on top of a new mortgage based on income multiples would give me a budget of £210k. Limited available in Barnet for me to buy my own house. A lease extension will cost 13k. Not sure sure whether to hold on or sell the flat?
  • At the moment have a three year fixed rate mortgage with First Trust Bank that we're about a year into. Our circumstances have now changed and we wish to rent out our house for a year and whilst we relocate to Hounslow. What can we do to mitigate the risk of First Trust Bank refusing to grant consent to let.
  • I rented my house out for three years between 2009-2012 while living abroad. I have a letter dated January 2010 from the 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 acceptable to the new lender First Trust Bank for the house I intend to buy.Your view would be appreciated
  • I recently got married and my wife and I would like to purchase a family home in the coming year, whilst keeping our 2 bed flat in Brent we currently live in to rent out. Mortgage on the flat is with First Trust Bank. I don't want to put myself in a situation with two residential properties and then be refused consent to let.
  • I have a mortgage with First Trust Bank and am considering letting it for two months while on holiday. Will First Trust Bank consent to this?
  • How much of my mortgage allowance will be made available to draw down on if I convert my mortgage to a consent to let with First Trust Bank?
  • We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a half year rule before consent to let - does this apply to all lenders. Is there any way First Trust Bank would grant consent to let from day one?
  • Please can you provide me with details of how to proceed with obtaining consent to let from First Trust Bank and what, if any, cost I face.