I have a three bedroom, detached house that I have a mortgage on. I am currently paying this and it is up to date.
I no longer live in it, it is nearly empty, it has been for sale since the summer and I can't see it selling. House is habitable. Decorated reasonably, laminate floors all downstairs. No major issues.
I am considering renting it out to cover some of the mortgage. I have checked out similar properties for rent and they are going for around £600 pm.
I am completely green. I have never even rented a property myself. I am aware of a property management scheme whereby you pay 12.5% of the rent to the company and they guarantee payment.
I am concerned about how much hassle it will be, the tax implications, insurance etc, squatters.
I don't mind dogs or children (within reason)
Any advice? Thanks
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What do I need to know about renting out my house?
6 replies
readywithwellies · 29/11/2010 09:50
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