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.

Common questions relating to Tesco Bank consent to lease

  • I currently have a homeowner mortgage with Tesco Bank. I have been offered a property as part of my job and wish to lease out my existing home. The financial broker seems confident that it is straightforward process. Can you give me some information please?
  • I have a one bedroom apartment in Croydon let out which has a 62 year lease. Mortgage adviser suggested I should remortgage (currently with Tesco Bank) as a buy to let instead of consent to let and release 55-60k which on top of a new homeloan based on my income would give me a budget of £200k. Limited available in Islington for me to get my own place. To extend the lease will cost 19k. Lease out with consent to let or sell the flat?
  • My mortgage with Tesco Bank has been in place for just over six months but I discovered this morning that I am about be made redundant. I would appreciate some help procuring consent to let by Tesco Bank
  • I have a normal mortgage coming up for renewal with Tesco Bank. I have had the property rented out for a few years and I think I should have disclosed this to Tesco Bank. I am led to believe that it is possible to seek consent to lease, but bearing in mind that the property has already been let out could they refuse - force me to switch a BTL rate and even fine me? I have over 25% equity in the house - and the rental income far exceeds the mortgage.
  • What's the rules of consent to let for Tesco Bank?
  • I have to send the consent to let form by courier and need to know if Tesco Bank have a regular postal address I can use as couriers usually don’t accept deliveries to PO Box numbers.
  • I'm soon to change lender to Tesco Bank for a fixed rate but during this period will need to rent the house out for approximately 12 months. Do Tesco Bank consent to let on fixed rate home loans and if so, what are the procedures.
  • I recently bought a house with 10% deposit for personal uses. A mortgage was taken with Tesco Bank. However my circumstances have now changed. I am being transferred out of the area. Am I able to obtain consent to let from Tesco Bank and put the property up to let?