Taking lodgers - mortgage company said no

Badger_Lady

Lisa_Loon wrote: »

Thank you all for your advice about this :beer:

I have spoken to our insurers and they said nothing will change, so I might tell my mortgage co that we have one person lodging with us. Do we also need to notify the council? And will council tax payments change?

thanks again.

If you're already paying full council tax (no discounts) then it won't change. They will probably notify the council of their change of address when they move out of their own place - you don't have to do anything.

Lisa_Loon

Yep we don't get any discounts so that's great I've just called my friend to let her know. Looks like they're going to be buying a place of their own in a few months because her granddad is giving them some money for a deposit. Will definitely help us out financially.

Thanks

Chippie

Sorry Lisa but I can't understand why you would even tell the company. They would never find out anyway! :huh:

HugoSP

Just get them to move in and stash the money away to help with the mortgage.

If 2 lodgers proves to be too much when they buy their own place, replace them with one, and put the money towards debts.

Gorgeous_George

If you have any worries and wish to have some kind of written agreement, just put one of them on the agreement. The other can stay as an invited guest.

NR have bigger things to worry about.

GG

Lisa_Loon

Thanks all I have been looking up some things on the landlordzone site so I knew it wouldn't make our house a HMO but I have let them know the good news.

Will see how it works out, not sure we would take any other lodgers - just this opportunity arose with people we already know.

HugoSP

Lisa_Loon wrote: »

Thanks all I have been looking up some things on the landlordzone site so I knew it wouldn't make our house a HMO but I have let them know the good news.

Will see how it works out, not sure we would take any other lodgers - just this opportunity arose with people we already know.

Hopefully these people will give you an easy route into taking in lodgers.

Just make sure you are all clear about rent, bills, house rules etc etc. Many a friendship has been ruined by such arrangements but sometimes clarity from the outset can pay dividends.

I took in lodgers several years ago and only had one major falling out with one guy who did once suggest that as I owned the house I should let them live there rent free and just split the bills with them. I just told him that he may be able to find a better deal elsewhere, and suggested he looked. He shut up after that.

dimbo61

go on government web site to check out "rent a room"
you can rent out a room in your house and get tax free income of up to
£4250 a year.
rent room to one person and have boyfriend/ girlfriend stay when they want !!
make sure you have a legal contract ie landlord and lodger
sort out bills and who pays for what ie gas , electric, council tax.
have a rent book
this protects you if any claim on your property ie co-habitation.
good luck with clearing your debts
this is a good way to increase your income and help a friend out
just make sure you do the paperwork and have clear agreements.

PasturesNew

Don't forget - you will need to check your insurance. I had a lodger - had to change my insurance policy. Then I got a 2nd one - had to change insurance again.

Some will allow no lodgers. Some are OK with only 1. Make sure your house is still insured by doing the right thing.

harryhound

glastowinebar wrote: »

According to the Building Regulations document paragraph 2.3 A House in Multiple Occupation is one as defined in Section 345 of the Housing Act 1985 as

"A house which is occupied by persons who do not form a single household"

It goes on to say

" Depending on the nature of the occupants and their management, it may be acceptable to treat an unsupervised group home with up to 6 residents as an ordinary dwelling"

As I said, just go for it Lisa

There has been a new law since 1985. The number of floors off the ground come into it these days. Scotland is now an independent country and has very prescriptive rules (More than two unrelated, if I remember correctly). But as long as you don't propose to put your tenants in a 2nd floor (that's counting the English way 0,1, 2, ..)attic, where they could burn to death or kill themselves jumping out of the window, I don't see any problem.
Both my children have been claiming "rent a room" for years, trouble free.
Daughters insurance is with Frizzle if I remember correctly.