Frank M
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No Probs. But draw up an AST assured shorthold tenancy agreement - available for free on the web so there is no doubt that you have a commercial landlord & tenant arrangement. If you don't have an AST the law assumes you do anyway but there is scope for complications with family but I assume you do trust whoever it is. |
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Dry Dreamer
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You can rent your house to whoever you choose. except you people in council housing of course. |
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foxy
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theres nothing to stop you renting the property to your sister, as long as you have a rental agreement or contract there should be no problems |
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*******
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Of course you are allowed. Rent away |
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MSMORTGAGE
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Yep, if a member of your family is living there, you do not need to switch to a buy to let mortgage. If you rent it to strangers and your lenders finds out they will up the rate by 1%. Good Luck |
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Pat
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course you can....why not.?? |
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Roxy
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I think there is an issue with capital gains tax if you rent a property to a member of your family. Go and see a financial advisor or even an estate agent - they are best placed to advise you. |
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Barneyboy
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You can rent to them but they will have a bugger of a time claiming housing benefit. |
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leah_ifft@sbcglobal.net
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Make sure she pays you by check. If you ever decide to sell the house to her or she wants to qualify for a mortgage on her own, many lenders will require 12 months cancelled rent checks. |
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break
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renting to your family is nothing different to renting to anybody else.... Just remember that just because it is familly doesn't mean that you don't have to tell your mortgage provider that you are renting, and it doesn't mean that you shouldn't have a good contract (or it is going to be hell to get rid of them because the bank has foreclosed because you have not told them you are renting and breached their terms and conditions) |
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charlotte l
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You can rent it to a member of the family. Although I think if your sister is on housing benefit there may be some issues you need to check with the local council about.
But no matter how close you are etc would always recommend a formal tenancy agreement.
Good luck x x |
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Pedro
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You can rent your property to anyone, providing you draw up a tennancy agreement and register yourself as a landlord with the local council, i cannot see a problem. But seek advice first from your local council they should be able to tell you everything you need to know. |
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Yoruba
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Of course you can but I wouldn't recommend it. |
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