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Need professional advice for your consent to let with TSB plc? There are various implications when it comes to letting out your property with an existing residential mortgage - you should seek professional assistance.

Questions and Answers: TSB consent to let

  • I have a residential property but I am moving with my girlfriend to a different location for work purposes and moreover close to her university. I would like to retain the property but it is unlikely that I can afford a BTL mortgage. It will only be temporary -3 years until my girlfriend has finished University and I can sell, or move elsewhere. My mortgage is with TSB. Do you think they will grant consent to let?
  • How long do I need to have a further advance from TSB before I can get consent to let. Can I speak with someone to discuss my options please?
  • Our present house in Hillingdon has probably about £120K equity with a home loan with TSB. It's a nice family house in a popular location and it should rent easily. We are possibly moving for my husband's work and were considering holding onto the house on as an investment property - would we need to change the loan to a buy to let product or should we apply for consent to let from TSB?
  • It seems as though I will have the chance to go and work abroad in a couple of years. I am therefore thinking of scaling down to a newer apartment in Bexley which I could rent out more easily as and when required. I would aim to keep 50% equity in the new apartment which would be my home for a while. My existing mortgage provider will only give consent to let for 12 months. I suspect renting it out longer term and not informing them could land me in a whole host of trouble. Buy-to-let seems unnecessarily expensive given that I will be living there, maybe for 2-3 years initially. What type of mortgage do I ask for, and from whom? Would, for example, TSB issue consent to let for a longer period?
  • I currently have my mortgage with TSB and have been for the past eighteen months and I am at present just wanting clarification as to whether gaining a consent to let is likely.
  • Do TSB grant consent to let? I am just considering this in order to move home in the coming months
  • What, if any, income criteria do TSB set for consent to let on an existing domestic mortgage?
  • I need to contact TSB to enquire about letting out my home. Do they post an application to me. Is there a form I can download?