HSBC mortgage - Registering a company at the home address?

the_mandarin

Has any one here who has a mortgage with HSBC, registered a business at their home address? If so, did you inform HSBC about this and have they willingly provided their consent.

I ask because I recently read online that someone who approached Nationwide with a similar query was flatly refused permission to do so. Please note that when I refer to business, it is just registering a business for admin stuff - and not avtually running a shop or manufacturing unit from home.

davidmcn

the_mandarin wrote: »

Has any one here who has a mortgage with HSBC, registered a business at their home address? If so, did you inform HSBC about this and have they willingly provided their consent.

What makes you think you need their consent? Is there something about it in their mortgage conditions?

I ask because I recently read online that someone who approached Nationwide with a similar query was flatly refused permission to do so.

Where did you read it?

Please note that when I refer to business, it is just registering a business for admin stuff - and not avtually running a shop or manufacturing unit from home.

I can't see why a lender would care if you're just talking about receiving business mail at the address.

the_mandarin

davidmcn wrote: »

What makes you think you need their consent? Is there something about it in their mortgage conditions?


Where did you read it?

I can't see why a lender would care if you're just talking about receiving business mail at the address.

I read about it on this form - link below

https://forums.moneysavingexpert.com/discussion/2820666

And another related article

https://www.theguardian.com/small-business-network/2014/jun/27/mortgage-lending-regulation-home-business

davidmcn

the_mandarin wrote: »

I read about it on this form - link below

https://forums.moneysavingexpert.com/discussion/2820666

That appears to be, like you, someone asking for consent for something which doesn't actually require consent. So no wonder they get a confusing answer from the lender.

And another related article

https://www.theguardian.com/small-business-network/2014/jun/27/mortgage-lending-regulation-home-business

That seems to be about actually changing the use of the property rather than just using it as a mailing address.