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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.

Questions and Answers: Tesco Bank consent to let

  • I have a residential mortgage over my property in loc and intend to move to country for three years. During this time frame I want to let out my flat. My lender has declined to grant me consent to let. It’s hardly ideal to move to a buy to let loan as it’s only for a limited time-frame that I am abroad for.

  • In June 2013 I was issued consent to let from my existing mortgage provider which is about to run out. I have since been traveling and had my first child. I'm not earning enough just now to pay the mortgage by myself. My lender has advised me that I can't extend my consent to let and if I continue renting out I will be in action would be taken for breaching my mortgage contract. As a result of my low income I it is likely that I will be refused to transfer to a BTL product. One option I am thinking about is remortgaging to Tesco Bank. Are they likely to grant consent to let from the outset?
  • What is the procedures for obtaining consent to let from Tesco Bank? What information do they need? is there a fee to pay? How long the consent is valid for? Do I need to renew it annually? What if I obtain a consent but decide not to lease out the property?
  • I’ve a fixed mortgage with Tesco Bank (with a little under eighteen months remaining) but due to redundancy want to move away from Essex (actually to a new job in Belgium) and so want to let the property out. We are keen to avoid the expense of a repayment fee and understand that some lenders happily provide this 'consent'...what is the policy taken by Tesco Bank?
  • My existing mortgage is with Tesco Bank, but I am going to move out for around 12 months as we need to be closer to my partner's mum. Will Tesco Bank issue consent to let?
  • Do I need to wait for consent to let to be given on my current residential mortgage with Tesco Bank before applying for a resi mortgage on a new property?
  • My wife and I have had my home loan with Tesco Bank for eight years with no arrear If I asked for consent to let would I get a positive reply?
  • I have only recently completed my homeloan with Tesco Bank since when my boyfriend has proposed and we are deciding whether to reside in his house or mine. Would I be granted consent to let if I decided to move in with him