We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
"rent a room scheme" and mortgage
Options
userdefinable
Posts: 302 Forumite
If I want to declare earnings from renting a room in the home I live, in order to borrow more, will this stop my getting a normal mortgage and force me to pay "buy to let" rates?
0
Comments
-
Unlikely, in my experience, though some banks/building societies could try it on. Why not try a few phone calls to test the water?
If your income is below £4250 pa it won't be taxable of course, so it's hardly a 'buy to let' scenario.
Good luck.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.5K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards