Need Help?

Need professional advice for your consent to let with Tesco Bank (a trading name of Tesco Personal Finance plc)? 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 Tesco Bank consent to let

  • We've been renting my wife's old house out with "consent to let" from Tesco Bank on a homeowner mortgage for the previous three years. Tesco Bank have just written retracting their consent to let if we do not transfer to one of their "buy to let" deals.

  • My partner and I are currently twelve months into a year fixed rate mortgage with Tesco Bank. We would like to acquire a larger second property in the coming months however would prefer to keep the first home and I was enquiring as to what reason we could put down on the consent to let form to obtain consent to from Tesco Bank
  • I would like to acquire a second property having recently bought a three bedroom ground floor purpose built maisonette on residential mortgage. Plan to purchase next year. I have been advised that I may have to get a consent to let from Tesco Bank, my existing mortgage provider? What is the best way to go about this and obtain the permission needed.
  • Is it possible that mortgage companies (my home loan is with Tesco Bank) are adopting a more relaxed approach towards consent to let? A broker recently mentioned to me that BTL mortgages are not regulated by the FCA whereas residential mortgages are. So if I switch from a standard to a BTL I am moving to a regulated product. His belief was that under the current regulation lenders are reluctant to allow borrowers do this, which is likely why some lenders will permit borrowers obtain consent to let but not switch to a BTL product. Is this plausible?
  • I am going away for work for as long as a year... I was wondering if I was able to obtain from Tesco Bank consent to let the house out while overseas as I do not want to leave it vacant for that long
  • I am trying to find out if Tesco Bank will grant consent to let in a situation where we need to move closer to relatives in a different house albeit that we may move back the future if circumstances change.
  • Do you know whether there a time limit on a consent to let from Tesco 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?
  • One year into a mortgage with Tesco Bank due to job offer.. need to relocate. Is it possible to get buy to let or consent to let.