Remortgage

[Markloveslisa]

Why don't lenders take into consideration lodgers rent when applying for remortgage..

[MallyJ]

Possibly because lodgers are generally not permanent residents and may well move on. It would mean that the owners income could drop quite a bit...or the lodger is only paying a few pounds so it is not worth considering.

[Gizmonster]

It's not a guaranteed source of income - the lodger could lose their job; or they could fall out with the landlord and decide to move out etc.

[Markloveslisa]

Well they are both my grown up kids who are employed.. Can't see them moving out anytime soon

[MallyJ]

I would think that they would expect adult children to move out of the parental home as soon as they are financially settled or in a relationship etc...and lets be honest few parents would throw their children out if they stopped paying their rent through, for example, job loss. So not a permanent income.