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.

Top Five Questions relating to Tesco Bank consent to lease

  • Last year we purchased our council home, in London,recently valued at £220k. It's completely paid for from our own finances, unencumbered. We are prohibited from selling (without repaying back a significant amount of the discount) before 5 years have gone by. Regardless, we want to retain it as a investment property to let out. We wish to release some equity via a Tesco Bank mortgage. I am confident that my rental income would cover my monthly repayments so can I negotiate consent to let. Are you able to assist?
  • I need to change my residential mortgage with Tesco Bank to a consent to let and looking for some advice please... I bought my first property in Edgware sixyears ago. After a new job opportunity I moved to Dublin, and three months ago got a residential joint-mortgage with my partner. I am inclined to keep with Tesco Bank and seek consent to let rather than attempt to apply for a new mortgage elsewhere, but if Tesco Bank turn me down what lenders should I approach.
  • I'm just looking here for a my brother as he’s at work who has a mortgage with Tesco Bank. He asked me to find out if there is a charge for granting consent to let? He has been offered a job abroad and wishes to rent out his home in the meantime.
  • I have a Tesco Bank mortgage and have been renting the property minus consent to let, making me in contravention of my mortgage conditions. I think that they have sussed that I am not residing there. What negotiating options do I have if I fail to sell it before they become aware I have breached my terms and condition?
  • What's the rules of consent to let for Tesco Bank?
  • I am considering moving abroad for work and would like consent to let from Tesco Bank whilst I am away. Is the way forward to complete the consent to let form and send it off in the post to Tesco Bank? Letting the property isn't to make money but to keep the house in case things don't turn out as well as we hope
  • As a result of career opportunities I will be moving to Belfast and would like to let out my flat temporarily, please let me know what steps I need to take in order to get consent to let from Tesco Bank?
  • Do you know whether Tesco Bank will accept rental income on consent to let for affordability purposes or does it need to be on a buy to let ? Would Tesco Bank let me raise capital based on the rental revenue ?