Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I am about to sign a contract with Santander (received all the documents) but I will need to confirm there will be no persons over the age of 17 years (other than me) who will residing at the property – at all time…. Any such other person who will be living in the property must complete and sign a deed of consent which is on the back of our Mortgage Deed and seek separate legal advice about the deed, if appropriate.
I was thinking to take lodgers or renting the whole property out in a few months time but this pushing me off a bit ….. I was planning to seek consent to let after I have owned the property for 6 months.
I have read somewhere that this became something very common for a resi mortgage. I didn’t really have chance to look around for a better deal as I was given an agreement of principle by Santander before making an offer. My broker told me that if I ask the bank now they wouldn’t lend me the money and he suggested that I could try to ask for consent to let in 8 months.
It’s been a few months since I made an offer and don’t think the seller would like to wait for me to find another lender at this stage.
Any advice would be much appreciated.
Thanks in advance.
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