hypothetical question that could happen

Willsnarf1983

I currently own a house in one place and rent out one room but I may be moving to another place and buying one there. As this is will be my new place of living does this mean that my lodger now has to become a tenant and any new people have to become tenants and if they are tenants can I still use the spare room on the odd occasion I come back to my original city (the box room) without hassle?

Or as they have seperate contracts does it mean they are something else

I hope that makes sense?

Will

Cannon_Fodder

You will need to tell your lender that you are switching main residence. They will convert your first property into a buy-to-let mortgage, leaving you able to get a fresh mortgage on the second one, as your main residence.

What rooms of which house you choose to use, is between you and your lodger, or any future tenants.

G_M

If you don't live there, the lodger becomes a tenant, with much stronger rights. If you move other people in too, the house may fall into the 'House of multiple occupation ' catagory - lots of nasty implications there.

Go over to Landlord zone for more expert advice, and be careful.

Willsnarf1983

Hi

thanks for the replies, I knew it would be a bloody minefield! Gah why can't it be easy!

ah well thanks...I'll have to think hard on this one

Will