Renting Out Our Flat

Backdrifter | 12:11 Sun 27th Aug 2017 | Property

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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?

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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

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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?

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