Parents are getting me a mortgage

regprentice

Just to clarify - parents take out a btl because Lee doesnt qualify (doesnt already own a primary residence?). Lee is going to top up the btl payments presumably because the rental income doesnt cover them.

Stab in the dark - lee is a student and wants a btl to save paying into his landlords mortgage. Lee will be one of the (hmo?) occupants and will pay his share of the rent but hasnt disclosed the family relationship to his bank. ? Cant see another way in this day and age you could get a btl mortgage where the rent doesnt cover the mortgage.

Lee , are you aware of the new tax rules coming in in the next few years? Unless the numbers stack up your parents could be losing money hand over fist through this.

Previous advice to instruct an accountant is worth its weight in gold.