Consent-to-let Help for TSB plc

TSB consent to let: Q and A’s

• I have a 1st time buyer mortgage with TSB and will be joining the Royal Fleet Auxiliary in January. This is a civilian manned fleet owned by the Ministry of Defence. I will be at sea four months on and three months in the UK. During my time away I want to lease out my house in Enfield and live with my sister when on shore. I am confident that my rental income would cover my monthly repayments. Can you help?
• We are a newly married couple and we have identified a home flat in Camden that we like and wish to get a mortgage with TSB. My concern is that I am pregnant and about to give birth very soon as I am on my 9th month of pregnancy. This wouldn't make it impossible for us to move right away so we are considering living with my mum and dad for the next few months. In the meantime, if we get this property, we can let it out. I was just wondering how will that work out? Are we likely to get consent to let by TSB
• We have an existing mortgage with TSB and wish to clarify if it would be possible to obtain consent to let out our maisonette in Croydon.

  The rationale for wanting to find tenants for the property are are due to: -

  • My family and I will be moving to India in January.
  • By renting out the house this will enable us to make some savings to assist with the migration process.
  • There is little merit from a fiscal perspective to pay outright for a property which we are not living and by renting out the home this would be viewed as continuing investment.

  If TSB granted permission to us for renting we would suggest some financial assurances to include: -

  • Maintain paying the monthly mortgage payment by direct debit.
  • Instruct an accredited letting agent who will provide a rent guarantee scheme as a further financial safeguard.
  • Provide our forwarding address for when we emigrate.
• My cousin and his girlfriend currently lodge with me at my flat. This Spring I would like to move out of the property and in with my GF. 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 am thinking about letting out my property obtaining consent to let from TSB, what charges are likely to be incurred?
• I am considering moving in with my girlfriend but prefer not to sell my place. What is the process for seeking consent to let from TSB, and what are the chances that this will be obtained?
• Do you know whether TSB will accept rental income on consent to let for affordability purposes or does it need to be on a buy to let ? Would TSB let me raise capital based on the rental revenue ?
• Please can you inform me how much the fees are and if TSB usually give consent to let without changing to a commercial rate?