Occupier’s Consent

If an adult who does not own any part of the property lives at your house, your mortgage company may ask for an ‘Occupier’s Consent’.

For example, a girlfriend/boyfriend moves into your house or you flatshare with someone. Alternatively, you may be looking to purchase a property with someone but they themselves will not be ‘on the mortgage’, although they may pay money to the household. An occupier in your property may however legally obtain an interest in your property.

Therefore, a mortgage lender has a right to ask for confirmation from the borrower whether there will be any third parties living at the property. If the borrower is not intending to live in the property, then the mortgage company may ask the occupier to sign legal documents. These documents will state that the occupier will vacate the property in the event of repossession (i.e. if the borrower defaults on the mortgage).

An Occupier’s Consent would not normally be used for tenants letting the property.

Some lenders may also refer to an Occupier’s Consent as:

• Deed of consent
• Deed of Postponement and Consent to Mortgage
• Occupiers Waiver form

£150+ VAT.

To complete your Occupier’s Consent request, we will need to:

• Meet in a face to face meeting, or discuss via Skype
• No other party should be present
• Explain the full implications of the paperwork that you are signing and be aware that you are waiving your rights of occupation
• Once you are satisfied with the paperwork then we would ask you to sign it
• The paperwork would then be returned to the relevant bank or building society

We know that when a mortgage company ask you to sign paperwork that you do not fully understand that it can be a daunting experience. We want to make sure that it is explained to you in a fully concise manner before you sign the paperwork.