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Mortgaged house and tenants

Hi.

I am wondering once you have a property with a mortgage what you have to do before you can let someone live together? Do you need to inform lender at all?

Could someone please explain how it works in a mortgaged property?

TIA

Comments

  • Caz3121
    Caz3121 Posts: 15,912 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    are you referring to 'tenants' as in you will not be living in the property but will be renting it out and they will have a lease and be paying you rent? or referring to a partner living with you?
  • Caz3121 said:
    are you referring to 'tenants' as in you will not be living in the property but will be renting it out and they will have a lease and be paying you rent? or referring to a partner living with you?
    I refer to people who will be living with me. I mean my partner (not married) and her mother.

    I am not planning to rent out property.
  • Edi81
    Edi81 Posts: 1,514 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Nothing to be done. 
  • Edi81 said:
    Nothing to be done. 
    Is it? Because I red that anyone older than 17 must sign Deed of Consent


  • simon_or
    simon_or Posts: 890 Forumite
    500 Posts First Anniversary Name Dropper
    Edi81 said:
    Nothing to be done. 
    Is it? Because I red that anyone older than 17 must sign Deed of Consent


    If you're buying a property or remortgaging (changing banks) then some banks need 17+ occupiers not on the mortgage to sign a consent.

    If you've already got the mortgage, there's nothing to do, your partner could move in, your parents could move in, your partner's parents could move in, your siblings could move in, no need to tell the bank or get their permission as long as the property continues to be your main home.
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