First Mortgage + Partner moving in, possibly

skyela

Hi there

I've had an offer accepted on a house, and it seems to all be going through ok. When I took out my mortgage, Abbey asked me if I had a partner and if he was likely to move in etc. He is only going to be here about 3 nights a week initially, and I told her this and she said that was fine, and it doesn't count as him moving in yet.

My question is, if he moves in full time, do I need to let them know?
I will obviously let the Council tax people know etc, and anyone else needed.
The house, mortgage, and all of the bills will be in my name if this helps, I just would like to know what would happen in that situation & who I would need to tell.

Thanks for any help.:)

kingstreet

You only have to disclose if he's moving in permanently from day one so they can ask him to sign a consent to mortgage form which basically stops him claiming a right to stay in the property, if they repossess it from you.

If he moves in permanently after (eg) a year, there is no requirement for you to disclose this to your lender.

skyela

Thanks for the reply.

So technically, if he moved in a month after completion, for example, that would be ok?

kingstreet

Yes. It actually happened like that when I bought my first house. My other half never intended to move in, but three days after and three drives from Manchester to Liverpool for work and she was in like a shot!