New Mortgage with lodger

olbas_oil

I'm looking for a mortgage that would allow a lodger. I have not bought the house yet. I would not need the rent to be part of the income for affordability purposes. This is a lodger- not a tenant (though I'm not sure some of the mortgage advisers always understand the difference)


I came across this old thread:


https://forums.moneysavingexpert.com/discussion/4822234


where several posters suggested that there is no need to tell the mortgage provider. However I have rung a few providers today and been told that they would not allow this (and presumably the actual agreement that I would sign would include this)


Do not allow lodgers: Chelsea, YBS


Do allow: Leeds, Coventry


Can anyone add to this list, or point to somewhere where it has already been compiled? I think it might be helpful to others.

lee111s

Once you own a house it's up to you who you choose to live with. I indicated to the mortgage advisor at YBS when I tool my mortgage out that I was considering a lodger and she never said I wouldn't be allowed.

olbas_oil

lee111s wrote: »

Once you own a house it's up to you who you choose to live with. I indicated to the mortgage advisor at YBS when I tool my mortgage out that I was considering a lodger and she never said I wouldn't be allowed.

Thanks for the reply. It may well be that the person I spoke to at YBS just gave a quick response off the top of their head. In the actual agreement that you signed, was there any wording that suggested you would need to ask their permission before taking in a lodger, or that it was not allowed?

nidO

Nationwide can be added to the list who do allow lodgers.

When we first took in a lodger in 2012 we notified Nationwide and they sent us a form to return, however this was a form for the lodger to sign disclaiming any right to attempt to continue living in the property if Nationwide had to repossess the place.

I assume this was just overcautious rear-covering in their part as a lodger would have no right to remain in the property following repossession in any case and I can find no current mention anywhere on Nationwide's site of the form so they may have dropped it, and the form wasn't actually asking permission to begin with.