Need Help?

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

Sample questions relating to Sainsburys Bank consent to let

  • Following retirement in June I acquired a “retirement home” for my wife and myself to move to. Our intention is to let our current property to our kids and I have consequently contacted Sainsburys Bank for consent to let. What are the chances of this being given?
  • I rented my house out for three years between 2010-2013 while employed overseas. I have a letter dated March 2010 from the building society granting consent to let. In the letter it explicitly states that the consent to let is valid for "the remaining term of the mortgage". I have not changed product since the letter was sent. I now plan to move house and rent out my existing house. However, my mortgage advisor has suggested that the 2010 consent to let letter may not be acceptable to the new lender Sainsburys Bank for the house I wish to buy.Can this be correct
  • My wife have an offer accepted to buy a house, we have a deposit of between 10-15% for a residential mortgage with Sainsburys Bank. The one concern is we may go overseas in two months for work. We are going through our financial adviser. She says if you tell this to Sainsburys Bank in advance you will need to get a buy to let. Do go ahead with residential mortgage with Sainsburys Bank, in a couple of months ask them if we can have consent to let? Otherwise, do we try and speak to Sainsburys Bank now and disclose there is a possibility we will move abroad in the future (nothing is confirmed concerning the move abroad) and see if they confirm before hand that it wouldn't be a problem
  • I have found myself in the accidental landlord category and failed to inform Sainsburys Bank. I had to vacate my flat for career reasons, so am now based in another part of the country. At first I attempted to sell the flat, but prices were depressed, resulting in negative equity. This was three years ago in 2011, the value has gone up and has given me time to save. I am in now in a position where I can now switch to a BTL mortgage and would like to remortgage at the same time. My concern is, will changing mortgage providers possibly alert Sainsburys Bank that I have been letting without consent to let? I am aware that I shouldn’t have done this, but circumstances meant it was the only thing I could do to keep my head above water. Any help will be greatly appreciated?
  • I have a Sainsburys Bank home loan currently and potentially want to let it out temporarily with consent from Sainsburys Bank for (1 year). How long do you have to wait until you apply for consent to let??
  • My job is now requiring mebe in different places a lot and in the circumstances I wanted to understand the process for getting consent to let with Sainsburys Bank
  • I would like to buy a new home but can't afford to sell my current flat with a Sainsburys Bank mortgage. Do you know the criteria for Sainsburys Bank to issue consent to let? Is getting married and having kids an acceptable reason to to ask for consent to let?
  • Will Sainsburys Bank give consent to let my apartment? I currently have a residential mortgage, never been in arrears and have been with Sainsburys Bank for a little under four years now. What costs am I likely to face