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

Sample questions relating to Secure Trust Bank consent to let

  • Me and my partner are looking to purchase a one bedroom apartment with a £20,000 deposit with the intention of moving in. Somewhat fortuitously the in-laws plan to move to Dubai for a year so we plan to move into theirEnfield apartment to "housesit". Should we go ahead with a residential mortgage with Secure Trust Bank would there be any issues with switching to consent to let ?
  • As a result of changes in my personal circumstances I am planning to move in with my girlfriend this month and I have let my property out to 2 students on a one year tenancy. I am now applying for consent to let from Secure Trust Bank but what if they refuse. I can’t renege on my contract in terms of backing out of renting the students as they have all signed up. On the flip-side Secure Trust Bank could take action for breach of contract i.e. renting it out in the absence of consent to let.
  • As we are relocating and unable to find a buyer for our property, we are mulling over renting it out. Is it necessary to disclose this to Secure Trust Bank? If we do, I think they will want to change our mortgage to buy to let and load the rate which we can't afford. I was hoping that if I continued paying on time it shouldn't be a problem, but am now concerned about insurance consequences if we haven't come clean. Any thoughts?
  • I have an offer accepted to buy a house, we have a deposit of between 20-25% for a homeowner mortgage with Secure Trust Bank. The small problem is we may leave the country in two months for work. We are going through our financial adviser. She says if you tell this to Secure Trust Bank in advance you will need to get a buy to let. Do go ahead with residential mortgage with Secure Trust Bank, in a couple of months seek consent to let? Otherwise, do we try and contact Secure Trust Bank now and say there is a possibility we will move abroad in the future (nothing is definite regarding the move abroad) and see if they confirm before hand that it wouldn't be a problem
  • I am looking to Secure Trust Bank to grant consent to let out my home in Havering. I am moving to Holland for Six months for work.
  • If I were to apply for consent to let from Secure Trust Bank how long will it take to hear back?
  • My husband and I have a mortgage with Secure Trust Bank but am informed they have a stipulation that they do not issue consent to let the property to a local authority. Is this correct and if so, can you suggest a method round this?
  • I am thinking of moving in with my girlfriend at her home and would like to rent out my property that I acquired ten months ago, I'm just not sure of the process as my property is my first home. What hoops do I need to jump through to obtain consent to let from Secure Trust Bank If I obtain consent will my mortgage payments increase?