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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.

Top Five Questions relating to First Trust Bank consent to lease

  • Just wondered if First Trust Bank invoke a right to put a loading on my interest rate on a homeowner mortgage where the lender has granted Consent to Let at any time, onto ‘rates equivalent to their BTL loans'?

  • Your view would be appreciated as to whether consent to let from First Trust Bank is the best strategy for me. I purchased my house seven months ago by porting an existing First Trust Bank mortgage product. My fixed rate finished five months ago I'm thinking about moving in with a new partner. I don't want to sell my property yet because I'm unsure of whether the new move will work out. I just wanted an idea of whether a consent to let from First Trust Bank would be possible?
  • I applied for consent but I did not get it as I did a remortgage in September but Woolwich does not give consent if mortgage is less than 6 months old. Now I am worried when 6 months is gone are they going to find some other criteria that will not be ok. As a backup plan I can remortgage with First Trust Bank but will they give me consent straight away?
  • I am on a three year fixed rate mortgage with First Trust Bank which began in January. I will be moving out in January and have tenants ready to let my flat. I need to get a letter from First Trust Bank granting consent to let until my term is up to allow me to refinance. How do I go about this?
  • Were we to ask for a consent to let letter from First Trust Bank will we be made to switch to buy to let mortgage? Our mortgage is with First Trust Bank and as houses are not selling at the mo and we have seen one we like we were going to rent our home out in order to purchase the new and dispose of this one if the local market picks up.
  • My two year fixed rate with First Trust Bank is due to expire soon I will switch on to the standard variable rate. I would like to know if consent to let from First Trust Bank is likely, if there are fees, and if there are time limits?
  • How much of my loan allowance will be made available to borrow if I switch my mortgage to a consent to let with First Trust Bank?
  • I have a mortgage with First Trust Bank but am wanting to let my house out and move in with my GF and baby what would I have to do to get consent to let?