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Help to Buy Equity Loan
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jerseyluke
Posts: 10 Forumite
Wondering if there's any H2B Experts out there...!
Scenario: 1st home purchased with H2B Equity Loan as main residence. Owner owns no other property but rents a property elsewhere to live in for work purposes. In support of parents retiring, parents move into H2B property and pay a 1/3 contribution of mortgage as rent.
Is this allowed...? Any help or advice appreciated :-)
Scenario: 1st home purchased with H2B Equity Loan as main residence. Owner owns no other property but rents a property elsewhere to live in for work purposes. In support of parents retiring, parents move into H2B property and pay a 1/3 contribution of mortgage as rent.
Is this allowed...? Any help or advice appreciated :-)
0
Comments
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Nope.
It's supposed to be owner occupied only.
http://www.myfirsthome.org.uk/iwantto/move-away-from-base/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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