We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!

Required to vacate immediately once equity transferred?

Options

Comments

glennevis Posts: 736 Forumite

14 September 2016 at 11:08AM

stator wrote: »

If he intended to be a landlord to you for even a sd he would need permission from the lender.
...

Not if the OP is a lodger surely? Most residential mortgages do not prevent lodgers provided the owner lives in, which is of course the case here.

0
Guest101 Posts: 15,764 Forumite

14 September 2016 at 11:11AM

Lodgers are not tenants and consent to let is not required

0
ViolaLass Posts: 5,764 Forumite

14 September 2016 at 11:59AM

glennevis wrote: »

Not if the OP is a lodger surely? Most residential mortgages do not prevent lodgers provided the owner lives in, which is of course the case here.

I think stator was referring to the OP's original plan.

0

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

Categories

All Categories
351.2K Banking & Borrowing
253.2K Reduce Debt & Boost Income
453.7K Spending & Discounts
244.2K Work, Benefits & Business
599.2K Mortgages, Homes & Bills
177K Life & Family
257.6K Travel & Transport
1.5M Hobbies & Leisure
16.1K Discuss & Feedback
37.6K Read-Only Boards