We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Can I collect rent to pay a mortgage?

Options
crawf1982
crawf1982 Posts: 14 Forumite
in Mortgages & endowments
I currently live in a student house which my father owns outright. 3 other people live in the house with me year round. I would like to buy the house from my father but I am not sure what kind of mortgage I need. I have very little regular income but if I could collect the rent from the other 3 occupants I would have enough money to make monthly mortgage payments.

Please help me out if you can.

Cheers,

Dave

Comments

  • Mortgage_Master
    Mortgage_Master Posts: 51 Forumite
    Hi Dave,

    Have a look at this thread here. It covers some of the issues.

    Simon
    Please note that whilst I am a mortgage broker my comments on this site are intended as general discussion and NOT personalised mortgage advice. Please click on my name and follow the link to see a full regulatory disclosure.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture