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.

Tesco Bank consent to let: Q and A’s

  • I have been granted consent to let via Tesco Bank for some time now yet they now wish to speak with me and I suspect their agenda will be to rid themselves of me. Do you have any ideas on what I can do next?
  • Given we are relocating and failing to find a buyer for our flat, we are considering renting it out. Am I required to inform Tesco Bank? If we do, I think they will want to change our mortgage to buy to let and load the rate which we can't afford. I thought if you continued making my monthly payments it shouldn't be an issue, but am now concerned about insurance ramifications if I have let my property out on the sly. Any advice?
  • I have had a Tesco Bank loan on a property for the last nine years. Fast forward and I have got married and live in my husband’s home. My property is currently vacant and have a choice to sell or have someone rent. Chances are that this could be a long term proposition as the prospect of moving back is unlikely. What should I advise Tesco Bank with a view to obtaining consent to let?
  • My partner and I are planning on buying a property, letting two of the bedrooms out in order to cover the mortgage with Tesco Bank, and then moving on in two or three years - when the property would be fully rented. Is it likely that Tesco Bank would look at this unfavourably as I will have been issued with a normal mortgage as opposed to a B2L or consent to let? I've heard that the worst possible outcome is that they can sue for mortgage fraud, is this right?
  • I'd like to know if on the balance of probabilities Tesco Bank will give consent to us letting out our home in Hackney
  • Me and my husband want to let our house out and use the rental income to pay rent on a house in Hounslow. What are the chances of being given consent to let by Tesco Bank without being forced onto a BTL product.
  • I currently have a residential mortgage with Tesco Bank and plan on letting due to work being based in Manchester. In asking for consent to let from Tesco Bank do I run the risk of them forcing me to change deal to B2L
  • I have spoken to someone at Tesco Bank about changing our current mortgage to consent to let (the existing fixed rate ends in spring next year). Can I just confirm that I need to formally put the request in writing setting out our change in circumstance to Tesco Bank? Where do I need to send the letter to?