Live in landlord definition, alternatives?

davidmcn

silvercar wrote: »

I wouldn't take in a lodger with a child under 5 in the house.

I can't see many lodgers being keen on the idea either.

GwylimT

Where will the child live while you're working away?

IsThisUserNameTaken

Thank you for your understanding. I don't think there is a good solution. I'm literally out of my depth trying to get my head round everything.

My daughter would of course come with me. It would mean renting something small, I can't afford anything more, I can't see us using the place as more than a base, but although not great in the short term, longer term it might be worth it.

IsThisUserNameTaken

Sorry, what I was hoping to do was rent out my house to someone, to subsidise my renting a base closer to work elsewhere. My daughter would come with me, the person renting though would be renting a room in the house I own, rather than a room where I rent, at least that's what I was looking into.

Edit: haven't got my head round how to quote other people's posts in my reply, hence the responses being unclear as to whom I'm replying to sometimes.

GwylimT

IsThisUserNameTaken wrote: »

Thank you for your understanding. I don't think there is a good solution. I'm literally out of my depth trying to get my head round everything.

My daughter would of course come with me. It would mean renting something small, I can't afford anything more, I can't see us using the place as more than a base, but although not great in the short term, longer term it might be worth it.

Your daughters home address for education purposes must be her permanent address, if this is your new rental property, there is absolutely no way you can claim to be a live in landlord with a lodger at your house.

GwylimT

IsThisUserNameTaken wrote: »

Sorry, what I was hoping to do was rent out my house to someone, to subsidise my renting a base closer to work elsewhere. My daughter would come with me, the person renting though would be renting a room in the house I own, rather than a room where I rent, at least that's what I was looking into.

Edit: haven't got my head round how to quote other people's posts in my reply, hence the responses being unclear as to whom I'm replying to sometimes.

Press the quote button at the bottom of their post, it will then open the box to type your reply in.

IsThisUserNameTaken

davidmcn wrote: »

I can't see many lodgers being keen on the idea either.

GwylimT wrote: »

Press the quote button at the bottom of their post, it will then open the box to type your reply in.

Got it - thank you! :j

any very helpful info too re. schooling - thank you so much!

FBaby

So your issue is whether to rent the whole house through a normal ast until you can sell and buy locally when you know you want to stay there long term, or whether to keep the house as yours, maybe to come back on a regular basis (so that your daughter can see her dad?) and therefore only want to rent one room whilst the rest is still available for you, in which case, you want to know whether you can do that avoiding an ast?

As said, you are going to struggle declaring this as your main residence from the way you describe it. Wouldn't be easier to rent the whole house anyway? You'll get more rent and even if you have to come back regularly, would be cheaper to stay in a hotel during your stay. There is then maybe the issue of storing some furniture if you want to move somewhere smaller until you can buy?

Tiners

IsThisUserNameTaken wrote: »

Because the job would be gone by then? Because I don't want to lose £30000 in the sale??? Sorry, do you know me? How can you be so assured about my circumstances to possibly say that? You have no idea what my situation is or what pressures I'm under. Please do not jump to conclusions.

How are you going to lose £30,000 in the sale?

IsThisUserNameTaken

FBaby wrote: »

So your issue is whether to rent the whole house through a normal ast until you can sell and buy locally when you know you want to stay there long term, or whether to keep the house as yours, maybe to come back on a regular basis (so that your daughter can see her dad?) and therefore only want to rent one room whilst the rest is still available for you, in which case, you want to know whether you can do that avoiding an ast?

As said, you are going to struggle declaring this as your main residence from the way you describe it. Wouldn't be easier to rent the whole house anyway? You'll get more rent and even if you have to come back regularly, would be cheaper to stay in a hotel during your stay. There is then maybe the issue of storing some furniture if you want to move somewhere smaller until you can buy?

I'd get a lot more if I rented the whole house. My mortgage lender will only allow me to rent the house out for up to one year, I'm unclear as to contract lengths with tenants, but because my mortgage lenders won't allow over a year I cannot cross that threshold, and that's why I was looking more to live in landlord. I have literally no idea how long it takes to sell, though a couple of houses in my street have taken about a year, I'm in a semi-rural location. I perhaps would have preferred to rent longer term to give me time to actually see the reality of relocating to a new area and to give me time to find a house that would really work for us once I knew the area better, or return if that was a viable option.

I don't know anything really about tenancies, it might be that there are obvious solutions that I'm missing, I genuinely don't know where to start looking, so was hoping that people here would offer insights, which there definitely have been really helpful ones.