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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

  • My husband and I I have a standard mortgage with Tesco Bank but I would like to occasionally take in lodgers....do I need consent to let from Tesco Bank?
  • Existing property worth £250k. Remaining home loan of £20k with six years to run. Get consent to let from Tesco Bank for current flat and utilise rent to pay off remaining of mortgage. Apply for 75 % Tesco Bank mortgage on further flat that I will consider to be my primary home? Can this be done?
  • I sought consent but I did not get it as I did a remortgage in September but Woolwich does not give consent if mortgage is less than 6 months old. Now I am worried when 6 months is gone are they going to find some additional criteria that will not be ok. As a backup plan I can remortgage with Tesco Bank but will they give me consent straight away?
  • I'm twelve months into a two year fixed mortgage with Tesco Bank. The LTV is only 40%. I've got what I think is a really good deal on a garden flat in Harrow which I don't want to miss. It seems the only way I can get this other property is to release most of the remaining equity. I would let the current property which would more than cover the homeloan with Tesco Bank. Can I get a consent to let from Tesco Bank and and then seek an equity release after it's rented?
  • How much of my loan allowance will be made available to borrow if I switch my mortgage to a consent to let with Tesco Bank?
  • My partner and I are interested in discovering more about the Tesco Bank consent to let process and prerequisites for granting.
  • My wife and I have a granny flat attached to our property. Do we need consent to let this from Tesco Bank? If so, what is the process if I would like to switch my mortgage to consent to let?
  • What are the implication if a borrower has already leased out the property for a number of years as an HMO and now want to legalise the situation with Tesco Bank by obtaining consent to let ? (work on the basis that Tesco Bank had already given a standard mortgage previously)