You are reading a single comment by @hugo7 and its replies. Click here to read the full conversation.
  • are you still doing it? did you just move out and treat it as a buy to let?

    my wife may have a job in the SW (typically, after i formally teransferred back to london - 1st april). we really don't want to sell right now, so it we move, we are considering renting it out and renting somewhere down there.

    we have the option of renting it to an acquaintance who wants a london flat mid-week. we could then use a room if sarah/i need a pad in london (which would be likely).

  • 1yr in NYC. Rented through a local agent who were a bit hapless sometimes but old school and honest. After fees and tax we were left out of pocket, but not too bad. Tonnes of snags came up while we were away which was a pain.

    We notified out lender, nationwide, ("consent to let") who have a good system where the 1st 6m remain the same, then thereafter its +1%. Although if;

    renting it to an acquaintance

    You could probably avoid all of that faff.

About

Avatar for hugo7 @hugo7 started