Renting out my flat

[Juniper07]

I`m about to move to Birmingham to live with my partner. I have a 2 bedroom flat in West London and have been thinking about renting it out. Before I approach an estate agent I would really appreciate some advice from anyone in this situation.

[nannynick]

Flats are often leasehold in England. Read the terms of your lease as it may restrict letting.

[DobbyTheHouseElk]

Explore the tax implications. If you want to sell up after 3 years, you will have to pay tax on the sale.

[TripleChocs]

When I rented my flat out I had to change it to a buy to let mortgage as dh and I took out another mortgage for our family home.

[Juniper07]

Not as easy as I thought. I`ve got a lot of research to do.
Thank you very much for your replies.

[MollysMummy2010]

I am in a rental - it’s a leasehold block and about 50% are rented out.