Should I rent out my house if I can’t sell?
Many people in this position are finding they have to move and rent accommodation and then try to rent their old home.
However, being a landlord with all the masses of red tape brought in the last few years by this Government is no simple matter.
There are maintenance issues to think about, laws to comply with and what happens if your tenant doesn’t pay you? It will take a minimum of six months to evict them through the courts (don’t even think of evicting tenants any other way – you’ll be charged as a criminal!).
Can you afford to be paying for two homes for six months or more?
You may decide to use a letting agent. Most letting agents are fine and do a good job but many are going bankrupt in this climate owing tens of thousands of pounds to their landlords. Also if you opt for a managed service, at the first sign of problems the company will call in a specialist of their choosing and you’ll get the bill.
I specialise in helping you find a solution for your home if you are in negative equity. I can do this quickly and efficiently and pay the price you need to pay off your mortgage.
Why have the grief of being an accidental landlord when you can sell your home for the price you need?
If you cannot sell your home because you have low or no equity, or even in negative equity please fill out this short form below and I will contact you to see how I can help.
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