Residential mortgage consent to lease. Long question
I have managed to get a hmo license WITHOUT having a buy to let mortgage due to me being a live in landlord. I have a residencial mortgage.
However I only have consent to lease for a total of 2 lodgers from my bank. Is there any way to ask my bank for a 'tempory extra lease' or something for 2 MORE lodgers who dont want to stay long? Do they do this? (Do they even check? If so how?) I must stress the 2 lodgers are friends im trying to help out and will only stay a few months. My mortgage is with halifax.
So I guess the question is, whats the deal with residencial mortgage lenders when you go over the maximum 2 lodgers allowed if they are only tempory lodgers. Is there a way to gain a permit for them? Or should I just play it safe and tell my friends they cant stay at the moment. I know this is the easiest answer for you to give but please try to find a way as my two friends would greatly appreciate it. I know they could switch me to another mortgage to suit however this it is only short term that i will be over the limite of allowed lodgers.
and seriously, how do the banks find out exactly how many lodgers I have? do they do raids etc? i cant imagine it as long as I pay my mortgage on time every month.
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