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Shared ownership-can I rent out spare room?
emylou
Posts: 444 Forumite
I am mainly looking at 1 bed rooms, but am viewing some 2 beds next week, a relative has suggested that I rent out the 2nd room to help me with the mortgage and rent, but I thought I read somewhere that this isn't allowed?
Thanks for any help
Thanks for any help
Married my wonderful husband February 2013!:happyhear
I want to wear my beautiful wedding dress everyday- it would make shopping so much more fun, I mean, people go shopping in their pyjamas these days.......
Must STOP spending!!! 
Proud to be dealing with my debts!
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Comments
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I'm in a shared ownership and I'm certainly not allowed. its one of the clauses in the leasehold that comes with my property.Baby Year 1: Oh dear...on the move
Lily contracted Strep B Meningitis Dec 2006 :eek: Now seemingly a normal little monster. :beer:
Love to my two angels that I will never forget.0 -
Yes you can Just dont tell them.
One of my friends is doing this and was telling me the rent pays for the shared ownership rent and some of the mortgage payment too. He is doing very well out of the arrangment financially.Save save save!!0 -
Some you can some you cant, do check with each HA.:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
I work for a HA selling shared ownership. THe official line is that you cant. However it is not policed as we are all overworked and so long as the rent is paid on time and there is no anti social behaviour involved, I see no reason why you shouldn't get away with it. The only thing is that you would be able to draw up a tenancy agreement, regular cash towards "shopping" for example would be fine. Sorry about the essay.Total Debt £2178
Barclaycard - £1978
Amex Card - £200
Debt free date: April 2010:j0
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