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Leasehold mortgage question

pioneer22
pioneer22 Posts: 523 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Mortgages & endowments
It is stated on our terms of lease to not use the house for business but if i decide to start my business from home what would happen if anyone were to find out?

Thanks

Comments

  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Is your issue the covenants in the lease or the terms and conditions of your residential mortgage? You would be in breach of contract. Are you asking what would happen or what could happen?
    http://www.lease-advice.org/publications/
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    pioneer22 wrote: »
    It is stated on our terms of lease to not use the house for business but if i decide to start my business from home what would happen if anyone were to find out?

    Thanks
    The neighbours will not be happy...If your business does not involve customers visiting your address or regular deliveries and pickups then go ahead. If the business only has the occasional delivery to you (i.e no more often than the daily royal mail delivery) then I wouldn't worry about it.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • kingstreet
    kingstreet Posts: 39,353 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If you're going to simply have a home office, I wouldn't worry about it. Many people do the same. If you're starting a haulage firm, you may have a problem.

    This is more to do with the freeholder consent and insurance issues, not the mortgage.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • pioneer22
    pioneer22 Posts: 523 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    What would happen if I were in breach of contract?

    It would be a home office but not working from home my home would be the business HQ. And i would always have a virtual business address.
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