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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.

Recently asked questions relating to Tesco Bank consent to lease

  • I am a FTB hoping to complete on a terraced house in Tesco Bank. I have a significant deposit with a mortgage from Tesco Bank. My predicament is that my fiancee owns a flat in Dover and I can foresee myself moving in next year, at which point I would want to let out my property. I have heard of consent to let but it does not sound like a guaranteed option. Can you offer any advice?

  • I have a Tesco Bank mortgage on an apartment I own, in Islington. Last month, due to a change of personal circumstances I decided to rent out the flat, and rent a house in a different area within same loc. The state of affairs that altered is that my partner moved in, and the flat is not large enough for us. I would rather not sell the flat because the current market value is significantly lower than the market value when I acquired the property in 2004. I wrote to Tesco Bank for a consent to let which was turned down because they felt that my intention was to invest in the flat. Any guidance would be greatly appreciated, as this is really stressing me out. There is a sense of urgencybecause there is already a prospective tenant waiting for this consent to let and may look elsewhere.Please call me to discuss
  • How much does it cost to receive consent to let from Tesco Bank and is there a minimum period of time I should have lived in the property?
  • I'm one year into a two year fixed mortgage with Tesco Bank. The LTV is just 35%. I've come across a really good deal on a garden flat in Harrow which I don't want to miss. It seems the only way to purchase the other property is to release most of the remaining equity. I would let the current home which would more than cover the homeloan with Tesco Bank. Is it possible to obtain consent to let from Tesco Bank and ask for additional borrowing after it's rented?
  • I would like to send the consent to let form by courier and wanted to know if Tesco Bank have a regular mailing address I can use as couriers ordinarily don’t accept deliveries to PO Box addresses.
  • I have a leasehold flat. I would like remortgage with Tesco Bank and either change to buy to let or consent to let. I'm still inside the redemption penalty period so not sure if it would trigger the penalty payment?
  • I have had my mortgage with Tesco Bank for the previous eighteen months and I am at present just wanting some insight as to whether gaining a consent to let is likely.
  • I was just enquiring how to obtain consent to let from Tesco Bank...do I call them or write a letter to them?