Currently, a lot of people take a notice of the real-estate market. Some, who do not have an extra property, even invest in buy-to-let accommodations. It became a certain trend – having an additional income from letting a property. Moreover, it seems like a great solution to let a property, when you do not have a chance to sell it in a moment. Here we present useful tips to consider if you plan to rent out your home.
In case you made a decision to rent out your accommodation, it would be reasonable to deal with a reliable letting agency in UK. For this reason, ReadyProperty is always available to help you. We boast an extensive experience and impressive range of available flats and houses to rent or to buy. In addition, our agents will provide you with a full pack of services in renting out your accommodation.
Explore your environment
First of all, it is a smart move to explore your environment. Check all the properties around being let in your location, and find out how much rent are landowners asking for. If you have landlords among your family or friends, you can ask them for recommendations. Dealing with UK-Property, therefore, will save you much more time and effort. You can check out the inquiries concerning our services and charges on our website.
Secondly, it is worth doing a financial estimation. You have to calculate whether it is profitable to let out your home. All rental income you receive may be taxed at your usual rate (20% in case you are a basic rate taxpayer, and 40% for the higher-rate taxpayer).
Another important point to mention, as soon as you decided to rent out an accommodation, it is better to notify your mortgage lender about your decision. Your lender should provide you with a consent for lease so then you can start. Hide the truth from your mortgage lender might break the terms of your mortgage contract.On the whole, to get any additional information, you can visit our website or contact one of our experts. UK-Property procures all kinds of services on a real-estate market.