Hi Guys,
I am considering renting out my house for a period of time and was wondering what I would have to do to stay 'above board'
I have contacted my Mortgage company and they have provided me with written authorisation to the rent the property should i wish to (had to pay £60 for this as its currently on a residential mortgage)
I am aware I will need to get a landlord gas safe certificate for the boiler and have renting building insurance.
Is anyone aware of any tax implications? Do I have to register this as a business or something? As it stands it looks like the rent per month will be equal to the mortgage payment so in essence there will be no profit made?
Any help greatly appreciated.
I am considering renting out my house for a period of time and was wondering what I would have to do to stay 'above board'
I have contacted my Mortgage company and they have provided me with written authorisation to the rent the property should i wish to (had to pay £60 for this as its currently on a residential mortgage)
I am aware I will need to get a landlord gas safe certificate for the boiler and have renting building insurance.
Is anyone aware of any tax implications? Do I have to register this as a business or something? As it stands it looks like the rent per month will be equal to the mortgage payment so in essence there will be no profit made?
Any help greatly appreciated.