Consent-to-let Help for First Trust Bank

Frequently asked questions relating to First Trust Bank consent to lease

• I have a mortgage with First Trust Bank. I wish to purchase a further property and my financial adviser recommended I apply for a consent to let. I had formerly led to believe they only grant consent to let where it is my intention to go back to my current home. Have I been given the right information?
• Me and my brother are joint proprietors of a property in Sutton with a First Trust Bank mortgage. I want to vacate and buy a new property with my fiancee. How should I deal with renting out my room? Do I require consent to let via First Trust Bank. My brother will continue to reside in the flat
• My OH and I have a flat in Waltham Forest which we acquired off-plan approximately twelve years ago. As the family is growing we are looking for a bigger place. We've found a house in Camden that we wish to buy and want to keep the flat as an investment to rent out. The mortgage is with First Trust Bank and we've found a tenant who will pay rent which more than covers the monthly mortgage payment. My query is, can we keep the repayment mortgage with First Trust Bank so we effectively paying off our loan on the property or must we to transfer to a buy-to-let mortgage?
• I have an offer accepted to purchase a property, we have a deposit of between 20-25% for a domestic mortgage with First Trust Bank. The one concern is we may go overseas in three months for work. We are using a mortgage broker. He says if you tell this to First Trust Bank in advance we will need to get a buy to let. Do go ahead with residential mortgage with First Trust Bank, shortly thereafter seek consent to let? Alternatively, do we try and contact First Trust Bank at this point and disclose there is a chance we will move abroad in the future (nothing is definite concerning the move abroad) and see if they confirm before hand that it wouldn't be a problem
• We are trying to find out which mortgage providers are best for granting consent-to-let without raising rates, and hopefully allowing in excess of 2 years where required. Is that something you can assist me with? We are particularly interested in First Trust Bank
• I would like to know whether First Trust Bank would have an internal record as to whether consent to let was granted for a specific property?
• Are you aware of any discretion in the accepted equity amount before transferring from an existing First Trust Bank mortgage to a consent to let?
• I am enquiring as to whether there are any charges in obtaining consent to let on a leasehold property when I have a mortgage with First Trust Bank