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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

  • We have a Tesco Bank home loan and are are not in arrears, in gainful employment etc. Can you tell me how much it will cost and if Tesco Bank usually grant consent to let without transferring to a commercial rate?

  • I am about to contact my lender Tesco Bank setting out the following logic for me asking for consent to let ; "I am having difficulties with the monthly mortgage amount and want to move back with my parents but can't sell. I am very concerned by defaulting on the mortgage and have thought about giving back the keys. If I had consent to let that may solve things." What are the chances that this will result in a positive response?
  • I had a chat with a IFA friend last recently. She said that if I decide to move abroad with my job for a period then I should not apply for consent to let from my mortgage provider (Tesco Bank) until at least four weeks before I plan to rent out my house. Am I to understand that I have to find a tenant first and then obtain a consent to let?
  • My plan is to let my ground floor flat out from mid June next year as I will be travelling for a few months. I have a residential mortgage with Tesco Bank. I will not be letting for more than six months. Most likely it will be four months. It has been suggested that I seek permission from my freeholder first? Please can you suggest what I should be doing in what order?
  • I am looking to Tesco Bank to issue me with consent to let out my flat in Lambeth. I am travelling for a year
  • I have tenants ready to move in and I have mortgage offer from Tesco Bank on new house on condition of consent to let for original house. How long should it take to receive letter once I send back a completed application with cheque.
  • We have a new mortgage however my girlfriend doesn't feel safe in the property due to other tenants in the block. I know that many lenders have a six month thing before consent to let - does this apply to all lenders. Is there any way Tesco Bank would grant consent to let from the start?
  • I are considering applying to Tesco Bank to obtain consent to let our house, how long does it take between sending the forms to us finding a letting agent and listing our house for rent? and are there any other steps in the process?