If not, it might be time to reduce the amount of somewhat beautiful yet completely useless pieces of furniture in your house. 5. Is it heavy, bulky, or cumbersome?

Any additional money you spend on a new home means when you sell, the gain is free of Capital Gains Tax. However to get you started, here is a summary of the annual and maintenance/repair budget while you are letting your home: Getting ready to let When your home is rented out, there are a host of additional costs you’ll need to factor in, including: Find out how much you might have to spend on your own home to let it legally and safely to tenants.

The first way is to completely ignore what you read in the headlines, as they are unlikely to have any relevance to your property. If you rent, find letting agents first who are members of ARLA, NALS or UKALA so properties will be let legally and understand letting legals – specifically the rights and responsibilities of landlords and tenants.

Due to the redress available, it’s recommended you use an agent that is a member of ARLA, NALSand/or UKALA. The tenant or one of their guests causes ‘malicious damage’ in the home, such as setting up a cannabis farm or breaking the bannisters or bathroom fittings. Dani Ceballos - The Spaniard has already spoken of his desire to return to Real Madrid so it seems unlikely he will extend his stay at Arsenal. - RETURN Mykhailo Mudryk The Ukraine winger joined in January. Yet to make an impact but the 22-year-old has raw ability. Needs a run in the team. The hassle of renting can be outsourced to a quality agent – one who is a member of NALS, ARLAor UK ALA.Below is a list of things you need to consider, some of which are a legal requirement nationally, while others may be more localised.

If your property is worth less than your mortgage, you’ll have to find the difference to pay off the loan READ MORE: Eight transfers in Leicester City dream window as England defender and Man City youngster sign Forecast what your existing home would be worth in the future – has it already benefited from huge capital growth over the last few years and these rises are now slowing or is there a reason for a potential big uplift, such as new transportation? A buy to let mortgage is a specific type of loan used to buy a property, which is then let, to tenants in the private sector.The tenant refuses to leave the property even though they have caused damage and/or are not paying the rent. Alternatively, look at the option of Let to Buy mortgages. Unlike Buy to Let mortgages which are taken out by people specifically looking for a property to let out (or to re-mortgage one they currently let out). You let your current property out to tenants and take out a new “Let to Buy” mortgage to buy your next home. If you have enough equity in your home, you remortgage and release some cash to put down a deposit on a new home. You then let out your current home and use the rental income to cover the mortgage on your existing home.

Before you decide to do anything, if you’re in debt, then it is worth seeking specialist debt advice from an independent, ideally charitable organisation (sell the list below).Not all properties in all areas are suitable for letting. For example, if you are thinking of letting to students they will expect to be within a short distance of the university or higher education. Major property research companies such as Savills and Knight Frank (as well as other property pundits) continually crank out house price growth forecasts – normally by region. However if you let a property you once owned, you are likely to pay capital gains, depending on your personal tax position.