Need Help?

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

Examples of recent questions relating to Ulster Bank consent to let

  • I have recently rented out my 2 bed flat having secured Consent to Let with my building society. Half a year has now gone by and they have loaded my repayment percentage as previously advised. I cannot swap to a preferable product with them, as they will withdraw my consent to let. Were I to go with another provider for example Ulster Bank, would I be required to get a Buy To Let mortgage or could I just remortgage and get consent to let?
  • I have a current mortgage contract with Ulster Bank and wish to clarify if it would be possible to seek consent to let out our three bed flat in Croydon.

    The rationale for needing to let out the property are are due to: -

    • My family and I will be migrating to Hong Kong next spring.
    • In renting out the house this will enable us to make some savings to support the migration process.
    • It would be pointless from a financial point of view to redeem the mortgage for a property which we are no longer residing in and by renting out the place this would be viewed as continuing investment.

    If Ulster 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.
    • Retain the services of an approved letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Provide our contact details for when we move.
  • Due to redundancy my wife and I are looking to move away from Brent and our home, potentially to a job in Copenhagen but that means we will want to let the property but don't want the penalty charge of existing Ulster Bank mortgage which will be exorbitant.What are acceptable reasons for obtaining consent to let on our property?
  • My OH and I might have to let his studio flat out. I realise that I need a consent to let by Ulster Bank. We plan to join a landlord association if we decide to let the flat, but which of the two should we register with? We've come across the RLA and National Landlords Association.
  • My OH and I are planning to ask Ulster Bank for consent to let out our home in Wandsworth. We are relocating overseas for 2 years and need to let it out. I omitted to check this out when we got the Ulster Bank mortgage, and that was due to the fact that we never thought an opportunity would arise such as this so was planning on being in the property.
  • I am just finding out some information at this stage. My boyfriend has asked me to move in with him and i'm not keen to sell my property just yet. So now I want to know what I would need to do to get consent to let from Ulster Bank
  • I would like to rent out my home to be closer to my daughter's college and take care of my mother. What do I need for the application of consent to let from Ulster Bank?
  • What happens if a borrower has already let the property for some years as an HMO and now want to legalise the situation with Ulster Bank by getting consent to let ? (assume Ulster Bank had previously given a standard mortgage on it some time ago)