We fully support this scheme and have made it as simple as possible for our mortgage customers who want to take part and be a sponsor.
If you're planning to support the scheme to house Ukrainian refugees, you don't need to let us know, as long as the following applies.
You'll be providing:
a room (or rooms) in your own home – your guest should be classed as a lodger (meaning they reside with you under a licence rather than a tenancy) and you’ll need to enter into a licence agreement to ensure that all parties are clear on the terms of their arrangement. The Homes for Ukraine scheme has provided a model agreement for you to use here.
a residential property you own – you do not need to get our consent to this, but you'll need to enter into a tenancy agreement using the model agreement provided by the Homes for Ukraine scheme here.
a Buy to Let property - normal mortgage and letting conditions apply, and you’ll need to enter into a tenancy agreement which either complies with the letting conditions set out in your mortgage conditions or follows the model agreement provided by the Homes for Ukraine scheme here.
If your residential home insurance is with RSA, they have advised us that where the policyholder is housing a Ukrainian refugee, RSA will not require notification within the first 12 months of the refugee(s) living in the policyholders’ home.
If your policy is with another provider, you should check with them to see if they need to be made aware of any changes.
If I sign up as a sponsor, will I have to pay more?
No. If you become a sponsor, we won’t charge you a higher interest rate or any fees or charges in connection with the changed occupancy of the property.
Is there anything else I need to know?
It's important you consider if by providing this support you are still able to afford your household bills and pay your mortgage without financial difficulty. If your family budget is already squeezed and you’re thinking of being a sponsor, please remember that hosting a guest could mean that some of your regular household bills may increase.
Let us know straight away if you are having problems repaying your mortgage. You could also talk to Money Advice Trust (MAT), who will be able to offer you free, independent advice. They have helped many people to find realistic and affordable ways to solve their debt problems - this is why we have chosen to work with them. You can call MAT direct on freephone 0808 808 4000, or find out more at www.nationaldebtline.org.If you’re self employed then call them direct on freephone 0800 197 6026 or find out more at www.businessdebtline.org