Can I Rent Out My Home The Risks
Published / Last Updated on 09/01/2019
Can I Rent Out My Home? We explain the risks and what to watch out for that you may not have thought of such as mortgages, insurance, business rates and safety tests.
If you own your home outright and wish to rent out for short term business breaks or holidays lets
- Check your lease restrictions if you own a flat or a leasehold house
- If Freehold - should be no problem
- Check Local Authority rules and restrictions
- Check insurances
- Obtain Gas and Electrical safety certificates
- Check Council Tax v Business rates
If you also have a mortgage on the property:
Is it a 'standard' residential mortgage or buy to let mortgage? You will likely have mortgage restrictions in th terms and conitions meaning that you cannot short term business let/holiday let but know that there are some Holiday Let Mortgages available on the market - take professional advice from us.
