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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.

Tesco Bank consent to let: Q and A’s

  • At the moment I have a mortgage with Tesco Bank and I am planning buying a house with my soon to be wife. It's her council house on a right to buy scheme. Will I be able to transfer my Tesco Bank mortgage to let out my existing property in Harrow even though the property is currently in negative equity.
  • I remortgaged with Tesco Bank recently, borrowing extra with the intention of doing a loft conversion. That plan has proved not to be possible and I now intend to purchase a second property as my primary home and lease the existing property out with consent to let. Is that likely to result in me stitching myself up?
  • I applied for consent but I did not get it as I did a remortgage in July but Woolwich does not give consent if mortgage is less than 6 months old. Now I am worried when 6 months is gone are they going to find some other criteria that will not be ok. As a backup plan I can remortgage with Tesco Bank but will they give me consent straight away?
  • We have decided to lease our three bedroom ground floor purpose built maisonette out. We have made an offer on a further property for us to purchase and a tenant at the ready to move into ours. I believe I have to ask our mortgage company Tesco Bank for consent to let. I wonder if there is a template consent to let request letter I can copy?
  • My family circumstances has changed, and I wish to lease my place out - meaning consent to let- I have approx £200K loan with Tesco Bank and currently 90k equity I need to avoid the redemption penalties.
  • I am trying to find out Tesco Bank fees for conversion to consent to let from a fixed rate residential mortgage?
  • I am potentially moving in with my partner but do not want to to sell my property. What is the process for getting consent to let from Tesco Bank, and what are the chances that this will be given?
  • I am looking to get consent to let with my Tesco Bank residential mortgage. It is a 3 bedroom house. Will Tesco Bank grant consent on this basis? Or would it be regarded as an HMO?