Need Help?

Need professional advice for your consent to let with Tesco Bank (a trading name of Tesco Personal Finance plc)? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Top Five Questions relating to Tesco Bank consent to lease

  • We have a Tesco Bank mortgage and are are up to date with payments, in gainful employment etc. Can you tell me how much the fees are and if Tesco Bank are likely to give us consent to let without porting the loan to a commercial rate?

  • I have recently rented out my studio flat having been granted Consent to Let with my MP. Half a year has now gone by and they have increased my repayment percentage as previously advised. I cannot swap to a more favourable product with them, as they will revoke my consent to let. If I was to go with an alternative provider such as Tesco Bank, would I need to get a Buy To Let loan or could I simply refinance and seek consent to let?
  • We are looking to apply to Tesco Bank for consent to let on my existing residential property in Brent. I am hoping to release equity from my existing home before doing so, and making use of that money to purchase a second home. I will move into that house whilst renovating it for 6 months after which I intend to sell it then move back to my existing property. Is this something Tesco Bank will consider consent to let for or is that out of their criteria?
  • I have a property in Brent with a Tesco Bank mortgage but have not lived there for a while. My dad moved in but pays no rent. At the moment I live in rented accommodation and am keen to buy a house. I have come across a great property at an attractive price. I have enough of a deposit to use on the house I am interested in but would be a financial strain to pay enough off the old property to change it to a buy to let loan at the same time. Can I change the current Tesco Bank mortgage for my old flat into a consent to let and use my reserves to pay a larger deposit for the residential mortgage on the property that I want to buy?
  • I am looking to Tesco Bank to grant consent to let out my flat in Wandsworth. I am moving to Germany for Eight months on a secondment.
  • My husband and I are interested in discovering more about the Tesco Bank consent to let process and conditions for granting.
  • I currently have a residential mortgage with Tesco Bank and plan on letting due to work being based in Manchester. In asking for consent to let from Tesco Bank do I run the risk of them forcing me to change deal to BTL
  • We've spoken to someone at Tesco Bank about changing our existing mortgage to consent to let (the current 2 year fix comes to an end in september next year). Can I just confirm that I need to formally put the request in writing explaining our change in circumstance to Tesco Bank? Where do I need to send the letter to?