Consent-to-let Help for Secure Trust Bank PLC

Top Five Questions relating to Secure Trust Bank consent to lease

• I have a current mortgage contract with Secure Trust Bank and wish to clarify if it would be possible to receive consent to let out our maisonette in Wandsworth.

  The reasons(s) for wishing to let out the property are as follows: -

  • My wife and I will be migrating to Cape Town in January.
  • By renting out the property this will facilitate savings to support the migration process.
  • It would be pointless from a fiscal point of view to redeem the mortgage for a property which we are no longer living and by letting out the place this would be viewed as an ongoing investment.

  If Secure Trust Bank granted permission to us for renting we would propose some financial assurances which are as follows: -

  • Maintain paying the monthly mortgage payment directly from my bank account.
  • Use an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
  • Supply our contact details for when we relocate.
• My plan is to let my maisonette out from mid June next year as I will be going for a few months. I have a domestic mortgage with Secure Trust Bank. I will not be letting for more than six months. Most likely it will be five months. It has been suggested that I get consent from my freeholder first? Please can you suggest what I should be doing in what order?
• I am may soon need to apply for consent to let from my existing mortgage lender Secure Trust Bank. A colleague of mine said that he was issued with ‘consent to let’ confirmation from a different lender where conditions attached to the consent referred to an AST. Can you explain what this is?
• My fiance phoned Secure Trust Bank on Tuesday regarding consent to let. We are awaiting a call back. We have put an offer in on a new build property that has been provisionally accepted so would like to know how likely it is that we will get consent to let by Secure Trust Bank?
• I am looking to Secure Trust Bank to grant consent to let out my flat in Sutton. I am moving to care for my mother who has severe complex heart failure
• I are thinking about applying to Secure Trust Bank to obtain consent to let our house, how long does it take between submitting the application to us finding a letting agent and listing our house for rent? and are there any other steps we will need to go through?
• In the event that I was successful in obtaining consent to let from Secure Trust Bank, could I sell during the consent period? Is it possible that I would incur any charges?
• Do you have the address to which a Consent to Let request to be sent for Secure Trust Bank? Sorry about bothering you with this query.