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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.

Recently asked questions relating to Tesco Bank consent to lease

  • I have my 2 bed flat in Sutton on the market but despite a few viewers there is a lack of interest so far. As a fall back position I am considering letting out the property if cant find a buyer. I dont anticipate a problem getting consent to let from the freeholder. My IFA says that in such a scenario I may be obliged to switch to a BTL product yet I probably don't have enough equity needed. What's my exposure if I if hypothetically I was to just keep the current Tesco Bank home loan and rent out the flat without informing them. As long as the mortgage is being paid in full and on time, why would they care or check?
  • What are the chances of Tesco Bank in granting Consent To Let on a maisonette? It is currently on the market and it has been for a couple of weeks. I need to sell but I'm concerned that if there are no takers I will have to get a tenant in to cover the monthly payments to Tesco Bank (I no longer reside there). My preference is to be up front with Tesco Bank than keep them in the dark but I am concerned as to how helpful they will be.
  • How straightforward it would be to get consent to let with Tesco Bank. I am considering fixed deals and hope to reside at the property but would like to know what options are open to me if work has opportunities elsewhere for eg in 2 or 3 yrs Could you let me know generally how receptive Tesco Bank are regarding consent to let?
  • Earlier this year I rented out my garden flat and have gained a Consent to Let with my mortgage lender. 6 months have now elapsed and they have loaded my interest rate as forewarned. I am unwilling to port to a more favourable product with them, as they will revoke my consent to let. Were I to go with an alternative provider such as Tesco Bank, would I be required to take out a Buy To Let mortgage or could I just refinance and seek consent to let?
  • What is the longest period that Tesco Bank is willing to issue Consent To Let for?
  • My OH and I have already been told to write a letter to Tesco Bank to obtain consent to let, I'm just trying to find some guidelines on the letter? What I should or shouldn't include?
  • I am looking for consent to let for my house as I am moving out for four months currently fixed Tesco Bank mortgage with two years which is up in April next year.
  • I would like to find out more about how to get consent to let on a property. In particular what is the procedure for consent to let if you have a homeowner mortgage with Tesco Bank