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.

Frequently asked questions relating to Sainsburys Bank consent to lease

  • Colin (my husband) and I may need to rent out our Wandsworth home temporarily due to a career opportunity. This will be for a limited period but possibly for as long as five years. Must I notify Sainsburys Bank or am I best advised to remain silent?

  • I am a FTB hoping to complete on a 2 bedroom house in Sainsburys Bank. I have a good size deposit with a mortgage from Sainsburys Bank. My dilemma is that my partner inherited a flat in Slough and I hope to be 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?

  • Much to my surprise I have just been presented with an excellent career opportunity for eight months overseas. I do have sufficient cash reserves to cover the monthly Sainsburys Bank mortgage yet the block insurance requires continuous residency in order to remain valid. Last Christmas the roof was damaged but repaired. If there happened to be any problems during the winter months I would find it hard to cover the remedial works. Will I qualify for consent to let from Sainsburys Bank for the period I am overseas?
  • We are currently in NYC and leasing out our property in the UK. This was unplanned but an opportunity came up and we took it. The rent achieved on the apartment is not enough to cover the mortgage so we transfer money each month to make up the shortfall. Earlier today our lender got in touch telling me that because the property is being let out and has been for almost four years we will have to pay 1.5% interest in addition to our current mortgage rate. We could sell up but this will be difficult as I am on the other side of the world. Would it be possible to remortgage with Sainsburys Bank and get consent to let?
  • At the moment I do not have consent to let from Sainsburys Bank but I would like to change to one, I am looking at working away for two years. But want to keep my house for my return - are you able to assist?
  • I am considering moving in with my partner but would rather not to sell my flat. What is the process for seeking consent to let from Sainsburys Bank, and what are the chances that this will be given?
  • Last month I completed on a apartment using a Sainsburys Bank home loan. However I am presently living with mother and father. I don't want to move in until for nine months due to some family reasons. In interim can I let out the property with consent to let?
  • Do you know whether there a time limit on a consent to let from Sainsburys Bank? and do you need to get a new mortgage first or a general residential mortgage can just be changed to a consent to let after application?