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Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.Working in Wales for 2 years. Keep house in England and rent out?

Adamc
Forumite Posts: 429
Forumite


Can I keep my house and rent a place in Wales while working there for 2 years (hospital stuff): I'd like to rent it out in order to keep up the mortgage payments. Otherwise I would have to sell it as I wouldn't be able to afford rent and a mortgage simultaneously.
Thanks
Thanks
0
Comments
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You can..
But you'd need consent to let if you have a mortgage
And you need to understand fully English tenancy law. Screw up one bit and it will cost you a lot to extract the tenants, with the possibility of additional penalties.
You remain legally responsible even if you use agents, and there is no legal requirement for agents to know anything about tenancy law. Based on threads here, a good many are clueless.The person who has not made a mistake, has made nothing1 -
I know next to nothing about being a landlord, though that is enough to know one shouldn’t become one without a great deal of thought. The sticky threads at the top of this subforum should give you a starting point, also remember laws and regulations are subject to change such as plans to end no fault evictions. As you have a mortgage you will need to get consent to let from your lender. You will also need to source (good) tenants. Your post implies you are taking up a fixed term posting, if you decide to go ahead with letting perhaps you can find someone taking up such a post in your area (current hospital?) as you want someone who plans to only stay 2 years or consecutive people for a year each, not someone wanting to stay long term.0
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