I want to make it legit to have another person living in my house when I'm the only name on the mortgage. I guess first step is to tell/ask the bank. What can I expect? Will they want some kind of assurance that they other person doesn't claim a right to live there if I default on the mortgage? Is there a standard form for this or do we just write a letter? What else - are they likely to say no? Does it change the terms of the mortgage?
I want to make it legit to have another person living in my house when I'm the only name on the mortgage. I guess first step is to tell/ask the bank. What can I expect? Will they want some kind of assurance that they other person doesn't claim a right to live there if I default on the mortgage? Is there a standard form for this or do we just write a letter? What else - are they likely to say no? Does it change the terms of the mortgage?