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.

Frequently asked questions relating to Tesco Bank consent to lease

  • I have a home loan with Tesco Bank on a property and I am intending to find a tenant for it out and rent an alternative property due to changes in personal circumstances - I want to move to a different location, and to live in a larger house with my partner. I sought consent to let and just got reply with a refusal as they felt I want to invest. I dont know what to do next. The process has put me at risk since I already have rented a new property and would have to pay both Tesco Bank and rent payments, which could expose me financially. The matter is urgent as a prospective tenant at the ready
  • My girlfriend and I (joint owner) are in the process of moving our mortgage to Tesco Bank. I was conducting some research concerning consent to let from Tesco Bank to understand the rules around potentially leasing our current flat out (probably in a in a couple of years time) if we moved away. The property in question was a first-time purchase for us about two years ago. We are living there at the moment.
  • I have a mortgage with Tesco Bank however my husband and I will be emigrating to Cape Town in January. The mortgage is in my name yet it is my husband's job that is taking us abroad how do I answer the question: 'please indicate why you wish to let the property':
  • I am just about to receive a mortgage offer from Tesco Bank for a two bedroom flat. I have applied through Right to Buy. It is a 20 year mortgage. I am curious as to what is the main criteria Tesco Bank adopt in order to grant customers consent to let? Is consent to let based on the rental multiple on a property?
  • This is not a question specific to Tesco Bank but do mortgage companies generally provide the information I need for my Buy to Let or Consent to Let self-assessment tax returns?
  • We took out a mortgage with Tesco Bank a few months ago and although it's still early days we may have to relocate around next September or October and would like to be able to rent our apartment out. Would this be possible with a homeowner mortgage?
  • I was just enquiring how to obtain consent to let from Tesco Bank...do I phone them or write a letter to them?
  • I have spoken to someone at Tesco Bank about switching our existing mortgage to consent to let (the current two year fix ends in september next year). Can I just confirm that I need to send a letter setting out our change in circumstance to Tesco Bank? Where do I need to send the letter to?