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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

  • What is the most extreme action TSB can take if I have let out my house if consent to let is not first obtained?

  • I am a FTB looking to purchase a terraced house in TSB. I have a significant deposit and expect a mortgage from TSB. My predicament is that my partner inherited a apartment in Birmingham and I anticipate moving in next month, when I would want to let out my property. I have heard of consent to let but it does not sound like there is any certainty. Is there any advice you can impart?

  • I have a current mortgage contract with TSB and need clarify if it would be possible to obtain consent to let out our studio flat in Waltham Forest.

    The reasons(s) for wanting to find tenants for the property are are due to: -

    • Me and my wife will be relocating to Melbourne next spring.
    • In letting out the property this will enable us to make some savings to help the migration process.
    • There is little merit from a fiscal point of view to pay off the mortgage for a property which we are not residing in and by renting out the property this would be considered as an ongoing investment.

    If TSB agreed that we are able to proceed with renting we would propose some financial assurances to include: -

    • Continue to pay the monthly mortgage payment by standing order.
    • Instruct an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
    • Supply our forwarding address for when we emigrate.
  • My brother and his fiance currently lodge with me at my flat. This Spring I would like to move out of the property and in with my OH. How likely is it that I will be able to get consent to let from TSB after only having the mortgage for less than half a year?
  • I'm possibly going to Hong Kong for twelve months with work. Planning on taking my partner with me and hoping to rent our Waltham Forest home in the meantime on a short term basis to make matters more cost effective. I was just wondering if there any costs for obtaining consent to let
  • I am currently in the process of applying for a mortgage through TSB - There is a likelihood that in the coming months I may decide to rent the property out - how would I change the normal mortgage to a buy to let mortgage?
  • I have a mortgage with TSB. I am considering moving out and letting out my apartment. Do I need a consent to let ?
  • Are you aware if there is normally a maximum LTV before TSB will consider consent to let?