Adults Occupiers on Mortgage

zeeww_2

i've received my mortgage offer from my lender.
my solicitor received the mortgage deed + mortgage offer particulars, and she sent it to me together with the mortgage deed for signature.

i read the mortgage offer particulars, and at the end of it, it stated Adult Occupiers - We will assume that there are no other persons over the age of 17, other than you who will be moving in the Property at Completion. If this is not correct then please let us know.

i wonder what does the above clause means? my girlfriend will be finishing her studies and might be moving into my house (probably in Oct this year), do i need to tell the lender then?

why do the lenders need to ask this?

thanks for any comments.

Dan_Collins_2

You are meant to and they need to sign a deed of consent. This is to protect the lenders and yours to a degree interest. they will have no claim on equity preventing lender repo'ing you!

zeeww_2

so can i just phone the lender when i girlfriend moves in?

i dont think it does affect any of my mortgage in any ways?

thanks

_Andy_

Give them a call they will send out the DOC form to you - doesn't affect the mortgage in any other way.

Cheers

zeeww_2

_Andy_ wrote: »

Give them a call they will send out the DOC form to you - doesn't affect the mortgage in any other way.

Cheers

thanks Andy,

do i then just fill in and get her to sign it, return to the lender?? i am hoping that it will not involve solicitors when this happens in the future as i had just paid for conveyancing for house purchase... solicitors costs quite a bit...
i just hope this DOC form is a straight forward process...