Hi Folks,
Just a quick question if you don't mind. I currently live at home and my girlfriend also lives at home with her parents. We have a site that was gifted to me with full planning permission. We're currently saving, hope to have 20% deposit for 150,000 mortgage for self build. We both pay board at home, 300 each per month. I know we could rent for that amount where we live but we'd rather remain at home instead of renting.
My question is will the banks still treat the 600 as rent and what proof would they require from us? We pay our board and transfer our savings at the beginning of each month so would they accept bank statement as evidence?
Thanks in advance for any help.
Stu
Just a quick question if you don't mind. I currently live at home and my girlfriend also lives at home with her parents. We have a site that was gifted to me with full planning permission. We're currently saving, hope to have 20% deposit for 150,000 mortgage for self build. We both pay board at home, 300 each per month. I know we could rent for that amount where we live but we'd rather remain at home instead of renting.
My question is will the banks still treat the 600 as rent and what proof would they require from us? We pay our board and transfer our savings at the beginning of each month so would they accept bank statement as evidence?
Thanks in advance for any help.
Stu