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Live in landlord new mortgage
Comments
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My friend has just done it. He had the deposit but not the affordability.
http://www.bathbuildingsociety.co.uk/mortgages/mortgage-products-for-individuals/standard-residential-mortgages/rent-a-room-mortgage
Not saying its a good thing but it is there.
0.25% premium over the regular product.
find the right house and you can get upto 8x income.
Generous erc free overpayments of 20% opportunity to get it back onto normal lending within the initial 3y period.0 -
Interesting, they used to only offer that product/a similar product for students.My friend has just done it. He had the deposit but not the affordability.
http://www.bathbuildingsociety.co.uk/mortgages/mortgage-products-for-individuals/standard-residential-mortgages/rent-a-room-mortgage
Not saying its a good thing but it is there.I am a Mortgage AdviserYou 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.0
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