Renting UK Home

[Joppa]

Re mortgage - you MUST ask your mortgage company's permission before you rent out your home (it should be in your mortgage deed). Much depends on the state of your mortgage - how much still owning, whether in negative equity, and your overall financial position - whether rental income will be sufficient to cover your monthly payments etc. You also need to tell your insurance company, for both content and building. Some companies continue to cover both during a tenancy - others don't and you have to take out a separate landlord insurance - shop around, as competition is keen. It covers a number of things a normal household insurance doesn't, such as damage caused by tenants, rental guarantee, legal obligations as landlord etc.
A lot of new rules have come in about renting out your property recently, such as Energy Performance Certificate (around £50 to £100), gas safety certificate (about the same) and deposit protection. There are additional requirements if your property is classed as house in multiple occupation (HMO).
Good online resources include Landlordzone, RLA and NLA.

[JBODEN]

Originally Posted by mrypg9

Yes, but I was still technically a UK resident so our accountant dealt with it.
There's no escape from death and taxes, as someone said.

Benjamin Franklin:
"Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.
I also like the following quote attributed to him:
"Democracy must be something more than two wolves and a sheep voting on what to have for dinner." (Majority rule!!!)