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Post Graduate Student Mortgage
Zeerust
Posts: 40 Forumite
Hi,
My daughter (a post graduate student) would like to buy the flat she is currently renting from her older sister.
Her older sister wants to sell the flat, so is looking to do a deal that will suit both of them.
It is a two bedroom flat, with the second bedroom rented out on a causal basis. (no contract)
If she draws up a contract for renting out the second bedroom, will that count as income when applying for a mortgage? She does have other income as a lecturer at the Uni, but not enough to buy the flat.
Thanks,
Pete
My daughter (a post graduate student) would like to buy the flat she is currently renting from her older sister.
Her older sister wants to sell the flat, so is looking to do a deal that will suit both of them.
It is a two bedroom flat, with the second bedroom rented out on a causal basis. (no contract)
If she draws up a contract for renting out the second bedroom, will that count as income when applying for a mortgage? She does have other income as a lecturer at the Uni, but not enough to buy the flat.
Thanks,
Pete
0
Comments
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Lenders don't take lodger income into account.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.1
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