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Mortgages where we can rent a room to lodger & this helps with affordability?
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marbles00
Posts: 34 Forumite
We are looking at a property where we would be renting out 2 of the bedrooms to a lodger. Does anyone know if any mortgage companies still take this into account for income/affordability when lending?
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I wouldn't have thought so as it's not a guaranteed income. You'd also have tax issues if you were going to have a rental income of over £4250 from the rent a room scheme.0
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None, that I know of...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.0
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Another vote for now, sorry.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0 -
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