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Need professional advice for your consent to let with Sainsburys Bank? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Sainsburys Bank consent to let: Q and A’s

  • Can one refinance on a consent to lease with Sainsburys Bank?

  • I've got a current homeloan with Sainsburys Bank coming up to twenty four months and the fixed rate is soon to expire. We are thinking of taking equity out of our current place to allow us to acquire a bigger house and then rent out the current one bedroom second floor purpose built maisonette. The initial advice we received was that we should look for a new domestic mortgage allowing for consent to let - can you clarify what is involved?
  • My OH and I I have a homeowner mortgage with Sainsburys Bank but I would like to occasionally take in lodgers....am I obliged to obtain consent to let from Sainsburys Bank?
  • My house had been let to students for three years from 2010-2013 while living Amsterdam. I have a letter dated March 2010 from my building society granting consent to let. In the letter it clearly stipulates that the consent to let is valid for "the remaining term of the mortgage". I have not remortgaged since the letter was sent. I now plan to move house and rent out my existing house. However, my IFA has suggested that the 2010 consent to let letter may not be acceptable to the new lender Sainsburys Bank for the house I wish to buy.Can this be correct
  • Should I decide to apply for consent to let from Sainsburys Bank how long will it take to hear back?
  • My OH is considering placing an offer on a new property in Lewisham and is getting a good deal as it requires renovating. We want to rent our current property for two years and come back to live. Is there anything in the Ts and Cs of my Sainsburys Bank mortgage permitting me to lease it out or do I need specific consent to let?
  • I am already leasing out my property but may have sussed what has been going on. I have 5 months remaining on my fixed rate. Is it simple to get consent to let from Sainsburys Bank. Is it just a quick phone call, pay the charge and that's it?
  • Is consent to let required from Sainsburys Bank if I am planning to reside in the house myself for half of the year? In addition if I obtain consent to let for a period of time, say up to two years, what happens thereafter.