From: john boyle 
Newsgroups: uk.finance
Subject: Re: Question about fraud
Date: Thu, 21 Aug 2003 21:33:21 +0100

In message , Nick Read 
 writes
>Banks tend to turn a blind eye to this. When applying for my previous
>mortgage I mentioned that I may be considering renting out a couple of rooms
>(but still living in the property myself).
>The answer I got from the bank was
>"If you told me that we would have to charge you a commercial interest rate,
>so I'll pretend you didn't just tell me" !
>
>A work colleague of mine who has rental property with a conventional
>homebuyers mortgage got very much the same answer when he 'confessed' to the
>bank what he was doing. They weren't interested.
>

Technically this isnt the same as renting the whole house because if 
they were lodgers they dont develop the same degree of protection as an 
assured shorthold tenant would.


>As long as the repayments are still likely to be met they really couldn't
>give a monkeys.

True.
-- 
john boyle