Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • elles_belles
    • By elles_belles 19th Feb 08, 11:15 AM
    • 33Posts
    • 32Thanks
    Lodgers count as income towards mortgage?
    • #1
    • 19th Feb 08, 11:15 AM
    Lodgers count as income towards mortgage? 19th Feb 08 at 11:15 AM
    Just after a little bit of advice/knowledge as to whether having a lodger would count towards income when applying for a mortgage?

    If so does anybody know which morgage lenders do?

Page 1
    • Helga14
    • By Helga14 19th Feb 08, 12:46 PM
    • 934 Posts
    • 3,444 Thanks
    • #2
    • 19th Feb 08, 12:46 PM
    • #2
    • 19th Feb 08, 12:46 PM
    Have you got a mortage already? I share my house with my boyfriend but he isn't on the mortgage and he pays rent/share of bills. I went to remortgage and the building society person said that was I was doing was actually against the terms of my mortgage as by recieving rent it was turning the premises into commercial premises. He certainly wouldn't count his rent as an income in order for me to get more money for the the mortgage.

    If you have a lodger make sure the insurance you get would cover this.
    • Leon W
    • By Leon W 19th Feb 08, 1:00 PM
    • 1,661 Posts
    • 1,112 Thanks
    Leon W
    • #3
    • 19th Feb 08, 1:00 PM
    • #3
    • 19th Feb 08, 1:00 PM

    To answer your question, no.

    Lodgers can be a pretty transient bunch and lenders are not willing to allow this income. If you think about it, and say they did, there would be nothing wrong with taking in 4 or 5 lodgers, getting a dirty great big mortgage, kicking them all out and then trying to struggle along on your own. Lenders HAVE to be seen to be lending responsibly and are frequently visited by the FSA so I wouldn't want to be in their shoes when trying to explain the above scenario !!


Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

82Posts Today

2,097Users online

Martin's Twitter