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

  • My lender has placed me in a pickle with a Consent to Let mortgage. Reacting to my requisition for consent to let the bank has requested that I produce an executed tenancy agreement prior to issuing consent. Is is not the case that if I adhered to their request that I would be breaching the lender’s terms and conditions?

  • Would a mortgage Early Redemption Charge be tax-deductible on Buy to Let flat? This time last year I was going to apply for consent to let from Tesco Bank on my flat but I ended up changing lender to get a BTL mortgage. I had to pay an early redemption penalty as I was still in a fixed rate period.
  • Due to a change in family circumstances my husband and I are housesitting my parents house while they are away and letting our flat out. What is best way to approach my mortgage lender for a 'Consent-to-Let' ? We will need to refinance in the next twelve months will we then transfer to a BTL mortgage. We will 100% return to our home at the beginning of 2017?
  • I acquired my garden flat in Ealing twelve months ago and have a 2 year fixed rate mortgage with Tesco Bank. Looking to move in with my partner imminently and would like to lease out my property. Would like to be better informed as to the process.
  • Just enquiring if it's possible if you own one property with consent to let from Tesco Bank, to purchase a second with a homeowner mortgage to live in. Then once the consent runs out on the first property, to switch to buy to let or sell it?
  • I’ve already let but only just dawned on us that Tesco Bank ought to have been advised and consent to let sought - can this be obtained retrospectively?
  • I have a residential home. I would like remortgage with Tesco Bank and either change to buy to let or consent to let. I'm still within the Early Redemption Charge period so not sure if it would trigger the penalty payment?
  • I would like to know if I have a domestic mortgage with Tesco Bank and decide to let it out, does the rate change and are there any additional fees for seeking consent to let.