Moving abroad and letting out my house

burtonben

Hello all,

In around 10 months time I am planning on doing some travelling for 12months. I currently have a mortgage, but in the current climate see it more sensible to let out my property rather than sell it.

Where do I get information regarding the letting process, any insurance/mortgage changes and also who would I get to manage the property in my absence from the country?

Obviously there is plenty of time until I go, but I want to get the ball rolling now.

Thanks in advance

Ben

feisty1

If going overseas speak to the offshore division of yr bank or any bank who does offshore Re' landlord responsibilities too much to write here go to www.arla.co.uk Get quotes from local letting agents & quotes for landlords insurance

grogdog

contact bank re changing to buy to let, and re letting try any state agent in your village/town/city. should be easy to sort.

koexelek

grogdog wrote: »

contact bank re changing to buy to let, and re letting try any state agent in your village/town/city. should be easy to sort.

Most lenders will be OK with you letting in this situation, as it is a valid reason to let.

Dick_here

You may have to put your furniture in store. Lettings agencies aren't too keen on letting out places furnished these days, in my experience at least.

mic200202

Yes, I would get a good letting agent to manage for you.Re Insurances etc, I would get some good quality landlords insurance - you can get some that even gives protection against periods of vacancy,and legal support. Check to see if they would have any issues over an absentee landlord abroad.I would suggest you have a hedge against periods of unoccupancy, say 3 months worth of mortgage payments,set aside. Check any life insurance policies to make sure that, if needed, they will cover you abroad.