Advice please on rent out property in Scotland

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I purchased a house in Scotland not long ago, the plan was for me, partner and kids to move up from London.

However partner and I have decided to separate last year and this will no longer be our family home. He’s been living there getting the place ready and me and kids living in London with the view to move up but then Covid 19 hit etc.., after we decide to separate he stayed on until he figured out where he wanted to move to.
I own the property, I don’t want to just sell up. As it’s quite a major decision with all going on. So I’m looking at renting it out for a year or two. I suppose I’m just asking is it straightforward to do? I rented out my flat in London years ago with an Estate Agents, but as I understand things are a little different in Scotland. Just looking for advice.
Thanks.

Hmmm - the market is high at the mo and lettings are fiddly these days with legislation etc. You depend very much on your agent being fab and your tenants honest. In your position far away going through a separation etc and with the two v young kids think carefully how you'd cope with the stress if it didn't go optimally.

To be honest, if I were in your situation, I’d sell.

You’re far away, you probably aren’t going to live in the property, renting it out will give you a low return and potentially hassle depending on tenants.

On the other hand, the housing market is currently moving fast with properties properties going to closing dates with offers usually well above HR valuation.

You could sell, get your money back and put it into Premium Bonds or fixed term accounts while you decide what to do next, and while the market cools down.

If the Op keeps her money in the house she will get an income and benefit from the increase in house prices when she does decide to sell.

If she sells now and puts the money in the bank / premium bonds it will start to devalue immediately as these will pay a lower interest rate than inflation.

I don’t think the housing market is going to cool anytime soon and interest rates will stay low for at least the next few years.

That’s my predictions anyway.

Well I’ve decided it’s best to sell up and start a new chapter. As I’d mentioned in previous post, it’s very unlikely the children and I would go and live in Scotland, especially as we don’t know anyone there. Our support network is in London and nearby.

I know we could make new friends etc.. but I think I would struggle especially with them being so young. But I know loads of mums do this, and I wish sometimes I was this brave to go it completely alone.

I can see renting out the property would bring problems, things like repairs, I worry about the costs and obviously they would need doing straight away and what if I can’t do so, it will obviously have an impact.

I think I just feel sad that this chapter in our lives never took off, it took a couple of years of planning. It just wasn’t meant to be.
So hopefully in a couple months it will all be sorted, sold and completed paperwork.

I guess I should look into putting money into high interest account and premium bonds for time being then I can start looking for a place for us.
Thank you all for your advice it’s been a really difficult decision to make and my Ex hasn’t been the easiest throughout this.