Renting from Family

Posted on 11 June 2011 by debra


I am renting my son's property.  He bought it on a buy to let, is it illegal to rent it to me and if so what could happen?

Debra

It is not technically illegal, but it is very likely to contravene the terms and conditions of your son's mortgage if he has let the property to you without their knowledge. 

The worse that could happen is that the lender decides that because your son has broken the terms of his mortgage they will repossess the property.  In practise this is very unlikely to happen unless he also stops or falls behind with his mortgage payments.

Peter

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