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from personal house to buy to let...help please!
March2012
Posts: 487 Forumite
i am looking at moving from our current hosue and making this a buy to let i think this would be . we would have regular rentals as i have spoken to a company that is alwyas looking for our type of house. we would like to modernise it slightly for the rental and wonder what would be the easiest way of raising a little bit of cash to get a few things done to make the house a bit more up to modern. thanks for any help!:beer:
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Comments
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'a company' will say anything to get you to use them as yourletting agent. Do your own research!
Read the following, then come back with Qs:
New Landlords (information for new or prospective landlords)0 -
is always looking for their own staff!'a company' will say anything to get you to use them as yourletting agent. Do your own research!
Read the following, then come back with Qs:
New Landlords (information for new or prospective landlords)0 -
Better. But as per my link, still use the 10 months per year in your budget forecast.
Will you be letting to the company, who then place their staff in the property as/when they wish (Company Let), or letting directly to the staff (Assured Shorthold Tenancy)?
The former gives a more reliable income stream (if there is a gap in occupancy, the company still pays you rent).
But the latter gives you the security/control of an AST, as well as more say in who you allow/don't allow to live in your house.0 -
:jappreciate. looking into it. :TBetter. But as per my link, still use the 10 months per year in your budget forecast.
Will you be letting to the company, who then place their staff in the property as/when they wish (Company Let), or letting directly to the staff (Assured Shorthold Tenancy)?
The former gives a more reliable income stream (if there is a gap in occupancy, the company still pays you rent).
But the latter gives you the security/control of an AST, as well as more say in who you allow/don't allow to live in your house.0 -
If you currently have a residential mortgage and you plan to remain on the same mortgage you will need to get Consent to Let from the mortgage lender. This may limit the choice of let available to you - e.g. they may insist on only using an AST.Let's settle this like gentlemen: armed with heavy sticks
On a rotating plate, with spikes like Flash Gordon
And you're Peter Duncan; I gave you fair warning0
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