Consent-to-let Help for Ulster Bank

Questions and Answers: Ulster Bank consent to let

• My wife and I may need to rent out our Croydon home temporarily due to a new job. This will be short-term but perhaps for 2 years. Should I tell Ulster Bank or am I best advised to just keep quiet?

• I have a residential mortgage with Ulster Bank and will be joining the Royal Fleet Auxiliary in March. This is a civilian manned fleet run by the MOD. I will be at sea four months on and three months in the UK. Whilst away I want to lease out my property in Haringey and move in with my parents when on shore. I am confident that my rental income would cover my monthly repayments. Can you help?
• I have leased out my three bedroom ground floor purpose built maisonette in Southwark for the past 18 months, and I didn't realise that I required consent to let. I now want to rectify this. Would this be an issue?
• What is the maximum period of time allowable to Ulster Bank that I would be able to let my property before having to switch mortgage or sell my house? Essentially, my boyfriend would like me to move in with him and I really don't want to sell my house. I would like the fallback of knowing I still own my own property.
• If we request a consent to let letter by Ulster Bank will we be made to change to buy to let mortgage? We are with Ulster Bank and as houses are not selling at the mo but we have seen one we like we were considering letting our home out in order to acquire the new and dispose of this one when the value picks up.
• I’ve already let but only just dawned on us that Ulster Bank should've been notified and consent to let sought - what's the best course of action now?
• Would I be able to remortgage to Ulster Bank from my current lender, with a consent to let or do I need a let to buy loan, and if so what are the LTV's?
• I am after more information regarding consent to let home loans, potentially moving our existing mortgage with Ulster Bank over to a consent to let one.