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Letting query

Methvet Nian · 2015-11-25 23:28:46

Hello I have an usual query. I am currently buying a property from a parent, in a mortgage type situation - I will be living in the property, it will remain in their name, but I will be paying them for it. In order to meet the repayments, I would need to rent a room in the house. Would this come under owner occupier, or…

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26-11-2015 12:28am

#1

Methvet Nian

Registered Users Posts: 11 ✭

Join Date: May 2005

Posts: 8

Hello

I have an usual query. I am currently buying a property from a parent, in a mortgage type situation - I will be living in the property, it will remain in their name, but I will be paying them for it.
In order to meet the repayments, I would need to rent a room in the house.

Would this come under owner occupier, or would my parent be the landlord?

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#2 26-11-2015 12:33am
sonyvision

Registered Users Posts: 566 ✭✭✭

Join Date: October 2011

Posts: 542

If you are buying the property why are they remaining the owner?

Surely if you are paying the property ownership should trasnfer other wise you are demeed to be renting it

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#3 26-11-2015 12:58am
athtrasna

Closed Accounts Posts: 13,420 ✭✭✭✭

Join Date: June 2005

Posts: 11353

Ownership is irrelevant in this case. You don't get a tenant you get a licensee and qualify for rent a room relief

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