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Buying residential property, can I keep buy to let?

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Comments

  • Ojb
    Ojb Posts: 87 Forumite
    Makes me wonder why anybody rents out property when you can't get it back for 6-9 months if your situation changes.
  • HampshireH
    HampshireH Posts: 5,001 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    ...... but your would have known that when you became a landlord as it would have been part of your business and financial planning.

    Too many people rent out their properties without actually seeing the bigger picture.

    Do you currently comply with all your legal requirements as a landlord in order to be able to serve a valid notice on your tenants?
  • Ojb
    Ojb Posts: 87 Forumite
    Which requirements do I need to meet to serve a valid notice?
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Ojb wrote: »
    Which requirements do I need to meet to serve a valid notice?

    Well if you'd read the information in the link provided earlier you would know.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Ojb wrote: »
    Makes me wonder why anybody rents out property when you can't get it back for 6-9 months if your situation changes.


    Because most tenants pay their rent and leave on the agreed date? Renting out property worked well while house prices were rising, but the model breaks down as prices fall and rates start rising instead. Many may find themselves without a tenant and unable to sell as the effects of Brexit work their way through the economy.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Ojb wrote: »
    Which requirements do I need to meet to serve a valid notice?


    I think you need to protect the deposit.
This discussion has been closed.
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