Consent to let, HSBC - Airbnb a room

Sarah1Mitty2

MobileSaver said:

Sarah1Mitty2 said:

Scotbot said:

Sarah1Mitty2 said:

I thought if you had a mortgage you owned the property and could do what you like, isn`t that supposed to be the advantage over renting? Even renters sub-let rooms though?

By definition if you have a mortgage you do not own the property.  

Why does the media continually refer to people with mortgages as "homeowners" in that case?

Because Scotbot's definition is incorrect?

The Land Registry is the official record of who owns property in the UK and that will confirm someone is a homeowner regardless of whether they have a mortgage or not...

Yes, but that is just terminology, someone with a mortgage obviously doesn`t have the right to use their home as they wish the way an outright owner does.

MobileSaver

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

Scotbot said:

Sarah1Mitty2 said:

I thought if you had a mortgage you owned the property and could do what you like, isn`t that supposed to be the advantage over renting? Even renters sub-let rooms though?

By definition if you have a mortgage you do not own the property.  

Why does the media continually refer to people with mortgages as "homeowners" in that case?

Because Scotbot's definition is incorrect?

The Land Registry is the official record of who owns property in the UK and that will confirm someone is a homeowner regardless of whether they have a mortgage or not...

Yes, but that is just terminology, someone with a mortgage obviously doesn`t have the right to use their home as they wish the way an outright owner does.

No, it's not "just terminology", it's a simple fact; you are the owner whether you have a mortgage or not.

Similarly no-one has the right to use their home as they wish, regardless of whether they have a mortgage or not. There are many things you need permission from a third-party to do, the only difference with a mortgage is you will have agreed to a few more restrictions that may require permission.

Skiddaw1

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

Scotbot said:

Sarah1Mitty2 said:

I thought if you had a mortgage you owned the property and could do what you like, isn`t that supposed to be the advantage over renting? Even renters sub-let rooms though?

By definition if you have a mortgage you do not own the property.  

Why does the media continually refer to people with mortgages as "homeowners" in that case?

Because Scotbot's definition is incorrect?

The Land Registry is the official record of who owns property in the UK and that will confirm someone is a homeowner regardless of whether they have a mortgage or not...

Yes, but that is just terminology, someone with a mortgage obviously doesn`t have the right to use their home as they wish the way an outright owner does.

No, it's not "just terminology", it's a simple fact; you are the owner whether you have a mortgage or not.

Similarly no-one has the right to use their home as they wish, regardless of whether they have a mortgage or not. There are many things you need permission from a third-party to do, the only difference with a mortgage is you will have agreed to a few more restrictions that may require permission.

...Though having a mortgage presumably doesn't restrict you from defecating in your garden... (see other thread )

user1977

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

Scotbot said:

Sarah1Mitty2 said:

I thought if you had a mortgage you owned the property and could do what you like, isn`t that supposed to be the advantage over renting? Even renters sub-let rooms though?

By definition if you have a mortgage you do not own the property.  

Why does the media continually refer to people with mortgages as "homeowners" in that case?

Because Scotbot's definition is incorrect?

The Land Registry is the official record of who owns property in the UK and that will confirm someone is a homeowner regardless of whether they have a mortgage or not...

someone with a mortgage obviously doesn`t have the right to use their home as they wish the way an outright owner does.

I haven't seen anybody here claiming that they do. What's your point?

Sarah1Mitty2

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

Scotbot said:

Sarah1Mitty2 said:

I thought if you had a mortgage you owned the property and could do what you like, isn`t that supposed to be the advantage over renting? Even renters sub-let rooms though?

By definition if you have a mortgage you do not own the property.  

Why does the media continually refer to people with mortgages as "homeowners" in that case?

Because Scotbot's definition is incorrect?

The Land Registry is the official record of who owns property in the UK and that will confirm someone is a homeowner regardless of whether they have a mortgage or not...

Yes, but that is just terminology, someone with a mortgage obviously doesn`t have the right to use their home as they wish the way an outright owner does.

No, it's not "just terminology", it's a simple fact; you are the owner whether you have a mortgage or not.

Similarly no-one has the right to use their home as they wish, regardless of whether they have a mortgage or not. There are many things you need permission from a third-party to do, the only difference with a mortgage is you will have agreed to a few more restrictions that may require permission.

This thread is about letting a room in your home, an outright owner can do that without permission, they may have tax liability or need to tell their insurance but those entities can`t stop them doing it, a person who only lives in their house via a mortgage debt can`t do this without permission from the lender. A better terminology would be "Homeowner" and "Mortgaged Occupier" IMO.

MobileSaver

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

Scotbot said:

Sarah1Mitty2 said:

I thought if you had a mortgage you owned the property and could do what you like, isn`t that supposed to be the advantage over renting? Even renters sub-let rooms though?

By definition if you have a mortgage you do not own the property.  

Why does the media continually refer to people with mortgages as "homeowners" in that case?

Because Scotbot's definition is incorrect?

The Land Registry is the official record of who owns property in the UK and that will confirm someone is a homeowner regardless of whether they have a mortgage or not...

Yes, but that is just terminology, someone with a mortgage obviously doesn`t have the right to use their home as they wish the way an outright owner does.

No, it's not "just terminology", it's a simple fact; you are the owner whether you have a mortgage or not.

 A better terminology would be "Homeowner" and "Mortgaged Occupier" IMO.

You can call them whatever you want, everyone else will use the correct term of "homeowner".

I do get the impression from your posts that you are more than a little jealous of people who own their own homes so I'm guessing you currently rent and aren't all that happy about it. Perhaps if you put as much effort into improving your lot as you do into talking down the housing market things may turn out different for you?

Sarah1Mitty2

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

Scotbot said:

Sarah1Mitty2 said:

I thought if you had a mortgage you owned the property and could do what you like, isn`t that supposed to be the advantage over renting? Even renters sub-let rooms though?

By definition if you have a mortgage you do not own the property.  

Why does the media continually refer to people with mortgages as "homeowners" in that case?

Because Scotbot's definition is incorrect?

The Land Registry is the official record of who owns property in the UK and that will confirm someone is a homeowner regardless of whether they have a mortgage or not...

Yes, but that is just terminology, someone with a mortgage obviously doesn`t have the right to use their home as they wish the way an outright owner does.

No, it's not "just terminology", it's a simple fact; you are the owner whether you have a mortgage or not.

 A better terminology would be "Homeowner" and "Mortgaged Occupier" IMO.

You can call them whatever you want, everyone else will use the correct term of "homeowner".

I do get the impression from your posts that you are more than a little jealous of people who own their own homes so I'm guessing you currently rent and aren't all that happy about it. Perhaps if you put as much effort into improving your lot as you do into talking down the housing market things may turn out different for you?

Still doesn`t get us round the fact that you can`t do what you like with your home if you have a mortgage on your home? That is similar to renting and must be slightly annoying for people with large mortgages as their monthly payments rise, especially as renting rooms would help them meet those costs!

MobileSaver

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

Scotbot said:

Sarah1Mitty2 said:

I thought if you had a mortgage you owned the property and could do what you like, isn`t that supposed to be the advantage over renting? Even renters sub-let rooms though?

By definition if you have a mortgage you do not own the property.  

Why does the media continually refer to people with mortgages as "homeowners" in that case?

Because Scotbot's definition is incorrect?

The Land Registry is the official record of who owns property in the UK and that will confirm someone is a homeowner regardless of whether they have a mortgage or not...

Yes, but that is just terminology, someone with a mortgage obviously doesn`t have the right to use their home as they wish the way an outright owner does.

No, it's not "just terminology", it's a simple fact; you are the owner whether you have a mortgage or not.

 A better terminology would be "Homeowner" and "Mortgaged Occupier" IMO.

You can call them whatever you want, everyone else will use the correct term of "homeowner".

I do get the impression from your posts that you are more than a little jealous of people who own their own homes so I'm guessing you currently rent and aren't all that happy about it. Perhaps if you put as much effort into improving your lot as you do into talking down the housing market things may turn out different for you?

Still doesn`t get us round the fact that you can`t do what you like with your home if you have a mortgage on your home? That is similar to renting and must be slightly annoying for people with large mortgages as their monthly payments rise, especially as renting rooms would help them meet those costs!

As already pointed out, the inconvenient truth is that you can't "do what you like" whether you have a mortgage or not so I'm not sure why you keep repeating this fallacy.

With specific regard to AirBnB I am sure the vast majority of homeowners won't find it remotely annoying as if needs must they'll just use AirBnB or get a lodger regardless.

Sarah1Mitty2

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

MobileSaver said:

Sarah1Mitty2 said:

Scotbot said:

Sarah1Mitty2 said:

I thought if you had a mortgage you owned the property and could do what you like, isn`t that supposed to be the advantage over renting? Even renters sub-let rooms though?

By definition if you have a mortgage you do not own the property.  

Why does the media continually refer to people with mortgages as "homeowners" in that case?

Because Scotbot's definition is incorrect?

The Land Registry is the official record of who owns property in the UK and that will confirm someone is a homeowner regardless of whether they have a mortgage or not...

Yes, but that is just terminology, someone with a mortgage obviously doesn`t have the right to use their home as they wish the way an outright owner does.

No, it's not "just terminology", it's a simple fact; you are the owner whether you have a mortgage or not.

 A better terminology would be "Homeowner" and "Mortgaged Occupier" IMO.

You can call them whatever you want, everyone else will use the correct term of "homeowner".

I do get the impression from your posts that you are more than a little jealous of people who own their own homes so I'm guessing you currently rent and aren't all that happy about it. Perhaps if you put as much effort into improving your lot as you do into talking down the housing market things may turn out different for you?

Still doesn`t get us round the fact that you can`t do what you like with your home if you have a mortgage on your home? That is similar to renting and must be slightly annoying for people with large mortgages as their monthly payments rise, especially as renting rooms would help them meet those costs!

As already pointed out, the inconvenient truth is that you can't "do what you like" whether you have a mortgage or not so I'm not sure why you keep repeating this fallacy.

With specific regard to AirBnB I am sure the vast majority of homeowners won't find it remotely annoying as if needs must they'll just use AirBnB or get a lodger regardless.

Someone who owns their home can do more with less permission than someone with a mortgage, not sure why that is seen as  somehow controversial or untrue?