2 bed apartment - Rent a room? - quick question

B

Bruze

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buying a two bed apartment with my girlfriend. considering renting the other room to my brother. will banks take this additional income into consideration?
 
Hello,

Sorry most of them wont, they normally only give rent a room allowence to single people
 
Bruze,

I believe the banks will take this extra tax free income into account. As far as i'm aware the 'Rent a room relief' allows you to rent out a room in your home, and this rental income is tax free if it is less than 7620p.a..

Why would a bank discount any additional income you could generate???
 
Thanks guys, just trying to squeeze as much for mortgage as possible.
 
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