Mortgage Type?

united_road_68

Hi

I have just completed on my property with Northern Rock my mortgage lender. I am looking to live in the property but sub let a couple of rooms, do i have to notify NR of this? if so what penalties i am likely to receive?

Thanks

silvercar

If you are still living in the property this shouldn't be an issue. This is because lodgers have little rights in law, as opposed to tenants.

kd811

Northern rock do a 'rent a room scheme' so it shouldn't be too much of a problem, your lodger will probably have to sign some kind of waiver form..if you don't tell them & they find out..not sure how they would then you are in breach of the T&C of your mortgage offer