Need Help?

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.

Sample questions relating to Sainsburys Bank consent to let

  • I'm currently choosing a mortgage as first time buyer and considering Sainsburys Bank with my financial adviser. Let's say I choose a three year fixed rate I move in the property and after 2 years, an opportunity comes up which involves a relocation necessitating moving abroad. Where Sainsburys Bank grants me consent to let,does the rate increase?
  • I am interested to know how easy is it to obtain consent to let from Sainsburys Bank. I am considering fixed deals and plan to reside at the property but want to know what options are open to me if work has opportunities elsewhere for example within 2 or 3 yrs Could you let me know generally how receptive Sainsburys Bank are regarding consent to let?
  • I have a current mortgage contract with Sainsburys Bank and need clarify if it would be possible to obtain consent to let out our garden flat in Havering.

    The purpose for wanting to lease out the property are as follows: -

    • Me and my wife will be migrating to Hong Kong in January.
    • In letting out the house this will facilitate savings to help the migration process.
    • There is little merit from a fiscal perspective to pay off the mortgage for a property which we are not residing in and by leasing out the property this would be deemed as continuing investment.

    If Sainsburys Bank agreed that we are able to proceed with renting we would propose some financial commitments which are as follows: -

    • Maintain paying the monthly mortgage payment directly from my current account.
    • Retain the services of an accredited letting agent who will provide a rent guarantee scheme as a further financial protection.
    • Provide our forwarding details for when we emigrate.
  • Is it correct that mortgage providers (my home loan is with Sainsburys Bank) may start taking a more lenient approach towards consent to let? A mortgage adviser recently told me that Buy to let mortgages are not regulated by the FCA whereas residential mortgages are. So if I transfer from a homeowner to a BTL I am moving to a regulated product. He said that under the current regulation banks are reluctant to allow borrowers do this, which is likely why some mortgage providers will permit customers obtain consent to let but not transfer to a Buy to let product. Is he plausible?
  • We are looking for some initial advice re consent to let? We have a Sainsburys Bank mortgage and are considering renting the place out for a couple of years, but cannot really afford to convert to a buy to let mortgage. The estate agent mentioned something about a content to let
  • How much of my mortgage allowance will be made available to borrow if I switch my mortgage to a consent to let with Sainsburys Bank?
  • I have a consent to let letter that I have attained from my management company. I would think I need to send this with a letter to Sainsburys Bank with a view to being given consent to let from them. What address shall I forward it to?
  • My brother and I have a mortgage with Sainsburys Bank on our one bed flat in Hillingdon. We are hoping to buy a new house to move into. How do I move my current mortgage on to consent to let?