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Need professional advice for your consent to let with Ulster 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 Ulster Bank consent to lease

  • I currently have a mortgage with Ulster Bank and I am thinking of purchasing a home with my fiance. It's her council house on a right to buy scheme. Would it be possible to change my Ulster Bank mortgage to lease out my existing property in Redbridge even though the property is currently in negative equity.
  • Hi, I have a mortgage on an apartment with Ulster Bank and I am thinking of renting the property out. Could this be done without changing my mortgage or receiving consent to let from Ulster Bank?
  • I have my garden flat in Southwark on the market but notwithstanding a couple of viewings there is a lack of interest so far. As a fall back position I am considering leasing out the property if it doesn't sell. I dont anticipate a problem getting consent to let from the freeholder. My mortgage adviser says that in such circumstances I may need to switch to a BTL mortgage yet the chances are that I don't have enough equity needed. What's my exposure if I was to retain the current Ulster Bank home loan and let the property out on the QT I was told that they can put a marker on you for mortgage fraud if they find out. Is that right?
  • My husband and I might have to lease his studio flat out. I am aware that I must obtain consent to let by Ulster Bank. We plan on joining a landlord association should we decide to let the property, but which one should we register with? We've come across the RLA and National Landlords Association.
  • We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a half year rule before consent to let - does this apply to all lenders. Is there any way Ulster Bank would allow it from the start?
  • Are you aware of any leeway in the accepted equity amount before transferring from a current Ulster Bank mortgage to a consent to let?
  • I have a normal mortgage with Ulster Bank which is only seven weeks long but I have been moved abroad with my job. Is it possible to get consent to let from Ulster Bank for a mortgage that has only just started and I have just bought the property?
  • I am currently remortgaging and exploring the flexibility of certain lenders when it comes to consent to let. Ulster Bank is one of the lenders I am considering. How accommodating are they are far as consent to let is concerned?