Mortgage with intent to rent room out

Starbrite

Just had half a brain wave! Is it possible to still get those mortages which factor in earnings from renting a room out?

I've just found this property, and thought wow If I go halfs with someone I could afford half, then thought who do I trust enough and who has enough money. Which got me thinking about mortages with intent to rent a room out

http://www.rightmove.co.uk/property-for-sale/property-38836598.html

Do these exist or am I barking up the wrong tree?

grey_gym_sock

well, i noticed this from bath building society:
http://new.bathbuildingsociety.co.uk/?page_id=537

Starbrite

grey_gym_sock wrote: »

well, i noticed this from bath building society:
http://new.bathbuildingsociety.co.uk/?page_id=537

Thank you will have a full read through

However their maths is way out "However, they can let a room to a friend at £50 per week" A friend wants £500 a mth and thats not in London! I paid £60 a week to a friend for her room back in 2003!:eek:

I know it's an example but they could of set it on realistic numbers!

deedee71

Starbrite wrote: »

Thank you will have a full read through

However their maths is way out "However, they can let a room to a friend at £50 per week" A friend wants £500 a mth and thats not in London! I paid £60 a week to a friend for her room back in 2003!:eek:

I know it's an example but they could of set it on realistic numbers!

I charge £65 per week (including bills) and despite trying to get £70 lately, I find £65 is the going rate around here.

Quarter of a million quid for a poky two bed with a galley kitchen, blimey.

Starbrite

deedee71 wrote: »

I charge £65 per week (including bills) and despite trying to get £70 lately, I find £65 is the going rate around here.

Quarter of a million quid for a poky two bed with a galley kitchen, blimey.

Welcome to Surrey Darling

£115 a week upwards are the going rates on Gumtree for a room!

Morgage_Confused

Quite correct.....certainly nothing under £100 notes around here and thats just for a room. Im not far from that maisonete above.