Best answer


If you檙e an owner-occupier,the terms of your residential mortgage will state that you檙eunable to rent your home to anyone without obtaining prior consent. Even if you檙e continuing to live in the house and are planning to rent out a room,your lender will still want to know. If you breach these terms,you are committing mortgage fraud.

People also ask


  • Can I rent my property if I have a mortgage?

  • If you have a residential mortgage but are looking to rent your property, you should talk to your mortgage lender. Your property can’t be an investment venture, but it could be that you’re looking to buy somewhere else and need to move quickly.

  • Can you rent out your house with an FHA loan?

  • For example, owner-occupants purchasing their homes with FHA-insured mortgages are expected to occupy them, not rent them out. Fannie Mae and Freddie Mac also prohibit their residential mortgage borrowers from renting out their homes during their first year of occupancy.

  • Can you lease a house with a mortgage on it?

  • Deciding to Lease. If you’re thinking of leasing out your home and you have a mortgage on it, check your mortgage documents and with your mortgage lender first. Many mortgage lenders giving loans to hopeful homebuyers structure them as residential mortgages, not investment or rental property mortgages.

  • Can I Rent my House to a family member?

  • If renting to a family member, you may need to obtain a 渇amily buy-to-let?mortgage, which is regulated by the FCA. These FCA regulations state that you must charge tenants a 渇air rent?based on similar properties in your area.