At risk of redundancy between exchange and completion

Rustyman33

pinkteapot wrote: »

Some mortgage lenders allow lodgers, some don't. Looks like you're lucky as this thread from November says that Nationwide do allow them, but the lodger will need to sign something:


Per the advice there, you may get a clueless customer service rep on the phone initially who think you mean a tenant, and tries to move you to a buy-to-let mortgage. If that happens, ask to speak to someone else.

I've previously read through that thread and taken note of it, many thanks pinkteapot.

Rustyman33

HouseBuyer77 wrote: »

Might be best to inform them about the lodger post-completion just in case, but I doubt you'll have any issues (say we're taking on a lodger, is that ok, not we have taken on a lodger).

Fundamentally doing anything costs the bank money, so whilst the mortgage money comes in on time every month they're unlikely to probe too deeply into things.

Thank you HouseBuyer77 I will do that post-completion.

MFWannabe

Stop worrying so much and just look forward to completing and moving into your lovely new house. This should be an exciting time for you
Worry about jobs etc after you've completed; don't jeopardise anything beforehand; it will cost you thousands!!

Rustyman33

Just wanted to thank you all again for your insights. We now have our mortgage in place and the keys in our hands. Everybody's points of view did alleviate some of my worry. Just gotta wait and see what happens with my girlfriend's job, and move into our new home!