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Do Ulster Bank let you rent out your property?

Would be considering renting out our property and have read from the main siste that some lenders are agreeable to this for with either an increase in the interest rate or a one off fee.
Does anyone know what Ulster Bank do and what sort of criteria they request?

Comments

  • Greentea
    Greentea Posts: 495 Forumite
    I know of someone who had a ulster bank mortgage and rented his house for 6 months Ulster Bank where ok with it as long as it was only for 6 months.
  • jetboy
    jetboy Posts: 524 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I think it's known as an 'agree to let' clause. It usually depends on why you need to let the property out. They're unlikely to entertain the idea if you're using it as a back door by to let mortgage..but you never know these days
    Timmay!
  • rover25
    rover25 Posts: 387 Forumite
    We would be hoping to self build but unlikely to get our current house sold, so would hope to rent it out.
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