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Is having lodger(s) allowed in house under help to buy equity loan scheme?

randd
randd Posts: 45 Forumite
Eighth Anniversary 10 Posts Name Dropper Combo Breaker
in House buying, renting & selling
Hello,

I've recently purchased a house under help to buy equity loan scheme.

I'd like to know whether having lodgers in the house is allowed or not while I live in the same house.

Please reply soon.

Comments

  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    This similar thread from earlier on today should answer your question.

    https://forums.moneysavingexpert.com/discussion/5535620
  • jengraham69
    jengraham69 Posts: 13 Forumite
    Im in a similar situation..
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Then click on the link I posted above and read it. It's a common question on the forum.
  • marksoton
    marksoton Posts: 17,516 Forumite
    Pixie5740 wrote: »
    Then click on the link I posted above and read it. It's a common question on the forum.

    You can lead a horse to water blah blah blah.....
  • kingstreet
    kingstreet Posts: 39,211 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The post-sales HTB Agent controls;-

    sub-letting (whole property)
    remortgaging (new mortgage with new lender NOT product transfer)
    further borrowing (increasing what you owe on mortgage)
    sale (full repayment)
    staircasing (partial/full repayment).

    You can find details here;-

    http://www.myfirsthome.org.uk/

    otherwise, there is no mention of lodgers, so you need only establish your mortgage lender's position on this.
    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.
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