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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.

Ulster Bank consent to let: Q and A’s

  • I have just come off the phone to Ulster Bank and they tell me that they are now aware that I am renting the one bed flat even though it is on a resi mortgage. I needed to move a couple of years ago for childcare reasons, couldn't sell and was left with little choice to let out the property. Do you know what the implications will be for me not getting consent to let?
  • My husband and I hope to let out our flat in Barnet which is on a owner-occupier mortgage with Ulster Bank . Obviously I will seek a consent to let. Assuming there is a fee for the consent to let can this amount also be claimed as incidental costs of financing and therefore allowable on my self assessment form to the tax authority?
  • My twin and his fiance currently lodge with me at my two bedroom maisonette. This Spring I would like to move out of the flat and in with my GF. How likely is it that I will be able to get consent to let from Ulster Bank after only having the mortgage for 6 months?
  • My wife and I plan to let our current flat out early next year when we find a new house. I will apply for consent to let from Ulster Bank. At the moment the apartment is in my name but I am a top rate tax payer. Do I need to do a Transfer of Equity to her or should we do a Declaration of Trust?
  • I have a mortgage with Ulster Bank on a two year fixed rate. I may have an opportunity for a teaching post abroad next July. Am I eligible for consent to let by Ulster Bank were I to accept this opportunity overseas?
  • I am interested in understanding the Ulster Bank consent to let process and prerequisites for granting.
  • I am trying to find out Ulster Bank fees for conversion to consent to let from a fixed rate residential mortgage?
  • I am planning on moving inside the next nine months and would like to let my house out. My interest rate is fixed with Ulster Bank. I am worried a 1% increase would be too much if that was linked to receiving consent to let