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Existing mortgage customers

Rent out your home (Consent to Let)

Sometimes you may need to live somewhere else for a while. If you want to rent out your home during this time, you can ask us for Consent to Let.

Ulster Bank mortgages are available for over 18s. Ulster Bank mortgages are provided by NatWest which is authorised by the Prudential Regulatory Authority and regulated by the Financial Conduct Authority and the Prudential Regulatory Authority. Your home or property may be repossessed if you do not keep up repayments on your mortgage. The content on this page is guidance only and does not constitute advice.

What is Consent to Let?

Consent to Let means we give you permission to rent out your home temporarily. You do not need to change to a Buy‑to‑Let mortgage.

People ask for Consent to Let when they:

  • move for work
  • stay somewhere else for a while
  • go through a life change
  • find it hard to sell their home

Before you apply, please know:

  • Consent to Let is for temporary renting
  • Your mortgage may cost more
  • You must have the right insurance
  • Renting your home without permission may break your mortgage rules

Your options for renting out your home

You may need to rent out your home for different reasons. Knowing your options helps you choose the right one.

A temporary change in your situation

If you need to live somewhere else for work, to help someone, or to travel, Consent to Let can help. It lets you rent out your home while you are away.

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Letting your home for longer

If you don’t plan to live in your home again, a Buy to Let mortgage may be better. It has different criteria and a separate application.

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Things to know about Consent to Let

Fees

Consent to Let has:

  • a one‑off fee of £120
  • a yearly fee of £120

You will not pay a fee if:

  • you are in the British Armed Forces
  • you live in tied accommodation
  • you work abroad for the Foreign, Commonwealth & Development Office
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Letting the property

  • You must use a suitable tenancy agreement, such as an assured shorthold tenancy
  • You can only have one tenancy agreement per property
  • You must tell your buildings and contents insurer, as the letting may change your cover
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Applying for Consent to Let

Check if you're eligible

  • You should have:
  • a Ulster Bank home mortgage
  • the consent of all mortgage account holders
  • held your mortgage for at least 6 months
  • no other properties with Consent to Let
  • no arrears on your mortgage
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How do I apply?

If you are an Ulster Bank customer and plan to rent out your residential property on a temporary basis, you'll need to request permission to do so from us as your mortgage lender.

To do this, you must contact our team.

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Get in touch

Call us

Tel:

0345 300 6086

Relay UK

18001 0345 300 6086

Lines are open

9am - 5pm (Mon - Fri)

Except bank holidays.

Closed (Sat and Sun)