Renting Out Our Flat

Backdrifter | 13:11 Sun 27th Aug 2017 | Property

2 Answers

We are looking into the possibility of moving into rented accommodation, and renting out our flat. Do we have to make any sort of change to our mortgage, such as changing it to a buy-to-let, and presumably the rental income is subject to tax?

Building Regs For A Bungalow

Inverness Question

Answers

1 to 2 of 2

Best Answer

No best answer has yet been selected by Backdrifter. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.

woofgang

you'd need to ask your mortgage company.....certainly it would be a good idea to take out landlord insurance and have a read of Cassa's recent threads!

Backdrifter

Question Author

Thank you woofgang. Following your suggestion I did look at recent threads of Cassa333 involving problems with tenants, I assume that's what you meant?

Since placing the question we have found that we would indeed need to change to a buy-to-let mortgage and that this could be costly. Has anyone had experience of this?

1 to 2 of 2

Do you know the answer?