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Thinking of renting house out advice please
honeybunches
Posts: 3 Newbie
Hi,
If anyone has any advice they could give me, I'd be really grateful.
I'm thinking of renting out my house and moving in with my partner, but reading all of the pitfalls is putting me off!
My domestic buildings insurance is due for renewal. I need to renew it as the house isn't ready for rental yet and I'm still undecided anyway. However, I wondered if it's possible for any domestic buidlings insurance policies to be changed to cover you renting out your property or if entirely new specialist insurance is needed? Is Landlord insurance different to renting out your house buildings insurance?
Is there anything else I need to be aware of when considering renting out my house?
If anyone has any advice they could give me, I'd be really grateful.
I'm thinking of renting out my house and moving in with my partner, but reading all of the pitfalls is putting me off!
My domestic buildings insurance is due for renewal. I need to renew it as the house isn't ready for rental yet and I'm still undecided anyway. However, I wondered if it's possible for any domestic buidlings insurance policies to be changed to cover you renting out your property or if entirely new specialist insurance is needed? Is Landlord insurance different to renting out your house buildings insurance?
Is there anything else I need to be aware of when considering renting out my house?
0
Comments
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Annual gas safety certificate, buy to let mortgage, the list goes on.....make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
Read, learn and inwardly digest all the information contained in this post, and all its associated links:
http://forums.moneysavingexpert.com/showpost.php?p=41160642&postcount=12
If you still have the urge to let your property, and have any specific questions once you have read this info, then come back and ask again!0 -
To answer your original question you do need proper LL's insurance, not an extension to standard residential insurance.0
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honeybunches wrote: »Is Landlord insurance different to renting out your house buildings insurance?
Yes. Your house insurance you currently have wouldn't cover it.0 -
Always google any prospective tenants name.ANURADHA KOIRALA ??? go on throw it in google.0
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