Need Help?

Need professional advice for your consent to let with First Direct? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Recently asked questions relating to First Direct consent to lease

  • I would like to move and let out my garden flat in Bromley. Having bought it in autumn 2007 and presently on a 85% ltv there is little equity in it. My mortgage is with First Direct. Do you know where First Direct stand on consent to let?
  • I have just been presented with an excellent career opportunity for eight months in Denmark. I have enough money to cover the monthly First Direct mortgage yet the block insurance requires that the property must be occupied in order to be valid. Last Christmas the roof was damaged but repaired. Should there be any problems in the winter months I would struggle to cover the remedial works. How likely is it that I will get consent to let from First Direct for the time I am overseas?
  • My fiance have a fixed rate mortgage with First Direct for two yrs and have been living in the apartment for just under eighteen months. Due relationship issues I need to move so I would like to let the place out. What is the best way to go about getting consent to let from First Direct?
  • I understand that this is a breach of First Direct mortgage policy if I let out my property having informed that I intend to reside there. The hope is to repay the mortgage after six years, by which time the property will be unencumbered, meaning I no longer require any consent to let. First Direct advised me I can overpay as much as I like during the agreement. I know someone who is interested in renting the property. What is the likelihood of First Direct discovering that I am not living at the address? Can you set out ramifications of not getting consent to let? From what I have read there is a possibility of First Direct bumping up the interest rate
  • My two year fixed rate with First Direct is due to end soon I will move on to the standard variable rate. Can you tell me whether consent to let from First Direct is likely, if there are cost, and if there are time limits?
  • I took a residential mortgage with First Direct, and I would like to let the house out, until I decide whether to sell or retain it as an investment. As things stand I am on the fixed rate. Will I need to move onto a new mortgage? I.E. BTL?
  • Me and my partner have a mortgage with First Direct but am told they have a stipulation that they do not grant consent to let the property to a housing association. Is this right and if so, can you suggest a method to bypass this?
  • I am looking at some alternative lifestyle. I have a First Direct mortgage, if I become a Australian resident but wish to rent my UK house, do I need to get consent to let from First Direct to do this ?