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HSBC mortgage - Registering a company at the home address?
the_mandarin
Posts: 120
Forumite
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.
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.
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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?
Where did you read it?I ask because I recently read online that someone who approached Nationwide with a similar query was flatly refused permission to do so.
I can't see why a lender would care if you're just talking about receiving business mail at the address.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.0 -
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-business0 -
the_mandarin wrote: »
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.0
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