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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 nearing refinancing with Tesco Bank. I have had the property rented out for a few years and I think I need to notifyTesco Bank. My understanding is that I can ask for a consent to let, but since the property has already been let out for a considerable time could they deny - force me to go onto a BTL rate and even apply a penalty? I have over 25% equity in the house - and the rent will more than cover the mortgage.
  • I will soon be emigrating to Australia. As opposed to sell my house, I would like to let it out, just in case things don’t go as expected. My current mortgage is with Tesco Bank. If I looked to remortgage would a new provider consider this as me trying to dodge a Buy To Let mortgage, of which there is very restricted availability for 80% LTV, and therefore reject my request for Consent to Let?
  • My property has had a mortgage against it with Tesco Bank for the last nine years. I am now married and live in my husband’s home. My property is currently empty and we either need to sell or let it out. Obviously this could be a long term proposition as the probability of moving back is low. What should I tell Tesco Bank in order to get consent to let?
  • Twenty years ago I was given consent by the local authority and my mortgage provider Tesco Bank to convert a small barn into a granny annex, conditional on it not being disposed of separately from my property. My parents passed away some years ago and I would now like to lease it out with consent to let from Tesco Bank. Do you think this can be obtained?
  • Am I required to wait for consent to let to be granted on my current domestic mortgage with Tesco Bank before applying for a resi mortgage on a new property?
  • Prospective tenants are about to move into my property 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.
  • I wishing to obtain consent to let for my flat as I am moving out for six months currently fixed Tesco Bank mortgage with two years which is due in December next year.
  • Will Tesco Bank give consent to let my house? I currently have a residential mortgage, never had arrears and have been with Tesco Bank for nearly three years now. What fees am I likely to incur