Need Help?

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.

Common questions relating to Tesco Bank consent to lease

  • Finding myself between a rock and a hard place with a Consent to Let home loan. Having sought consent to let the lender has asked me to provide them with an executed tenancy agreement prior to issuing permission. If I get a signed tenancy agreement would I not be violating the terms of my existing mortgage?

  • Me and my OH and I I have a homeowner mortgage with Tesco Bank but I would like to occasionally take in I require consent to let from Tesco Bank?
  • After twenty years in the capital, I'm considering relocating to be closer to family. We've only been homeowners for the last two years and about to refinance with Tesco Bank. In Waltham Forest, we are be looking at a 3-bed property around the £250k mark. I would preferably like to retain my existing apartment. Could I ask for Consent to Let from the proposed new mortgage provider Tesco Bank. If granted what are the likely requirements?
  • We are in need of a bigger house so our kids don't have to bunk together. We are planning to purchase another house next year. The house is worth £155,00 and we have about £85k left to pay on the Tesco Bank mortgage. We would ideally like to keep this house as an investment property and let it out with consent to let. Is it possible to get a mortgage on two properties at the same time or do we need to fully pay off our current mortgage first?
  • My current mortgage is with Tesco Bank, but I have to get consent to let for around a year as my partner is unwell and is struggling to balance work with the hectic environment we are living in. We want to take a break for a year (by living near her mother and stepfather and having their help) in a greener less intense part of Liverpool.
  • Will Tesco Bank choose to exercise a right to switch the rates on a residential mortgage where Consent to Let at any time, onto ‘rates equivalent to their BTL range'? Is it possible to remortgage on a consent to let with Tesco Bank?
  • Assuming that I was successful in obtaining consent to let from Tesco Bank, can I sell during the consent period? Is it possible that I would incur any charges?
  • I got a residential homeloan with Tesco Bank. I acquired the property in March two years ago. What are the options and criteria for consent to let.