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Mortgage Type?
united_road_68
Posts: 39 Forumite
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
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
0
Comments
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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.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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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 offer0
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