My mortgage is a residential one. What are the strict rules and potential penalties if I try to covertly rent out a room in my primary UK residence without informing my lender or switching to a buy-to-let mortgage?
Quick Answer
Renting a room in your UK primary residence without lender permission on a residential mortgage breaches terms, risking severe penalties like mortgage recall or repossession. Always seek explicit consent.
About This Topic
Understand the strict rules and severe penalties for renting out a room in your UK primary residence without informing your residential mortgage lender.
This question is part of our Financing & Mortgages category, providing expert guidance on UK property investment.
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