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  • @Timmy2wheels and @chrisbmx116 - many thanks for the feedback. Genuinely appreciated.

    As we will be on the other side of the planet, we are resigned to having to use a managing agent. Collection of rent, management of taxes and the mundane issues that may arise are better handled without a twelve hour time difference.

    The agents that we are speaking to at the moment seem to want T's crossed and i's dotted so unlikely that they would take on our flat without the lender giving explicit agreement.

    The mortgage guy is a friend and has been pretty good with free advice to date so will part with the cash in this instance. Also, the clock is ticking as we are looking to be out by Christmas.

    This move is, however, presenting new costs every day. Sigh.

  • You won't invalidate your home insurance by not telling your lender you are letting, you just need to get Landlord's home insurance, but you will be in breach of your agreement with the lender.

    As mentioned above, usually you'll get nailed with an 'admin fee' of a few hundred quid. If you've got a sexy fixed rate or something they might want to put your interest rate up too, so doing what you're doing and looking at other lenders is sensible.

    I'd suggest using a letting agent if you're abroad. Non-resident landlords need to fill in forms and do tax shit and it's all a bit boring and complicated :

    http://www.hmrc.gov.uk/international/nr-landlords.htm

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