Buy to let
- Do I have to get a special 'buy to let' mortgage, even though the interest rate is higher than on an ordinary mortgage?
- Will I need to make alterations to the property?
- What do I have to do about gas appliances such as the boiler?
- What do I have to do about electrical equipment?
- What do I have to do about furniture and furnishings?
- Is there any way of checking whether someone will be a good tenant?
- What sort of legal agreement should I use with the tenant?
- How should I handle the tenant's deposit?
- Should I use a managing agent and what are the key issues to look out for?
- What repairs am I required to make?
- What is my potential liability if a tenant or visitor is injured, and how can I protect myself?
- Am I responsible for my tenant's activities: for example, if he is a nuisance to the neighbours?
- What insurances should I have?
- What rights do I have to enter the property while it is let to a tenant?
- What should I do if a tenant fails to make a payment on time?
- If the tenant isn't meeting his obligations, can I just throw him out and change the locks?
- Is it worth inspecting the property from time to time during the tenancy?
- Can I refuse to return the deposit if the tenant has damaged the property or items within it?
- How is rental income taxed?
- What is the tax position if I decide to sell the property?
- Are there any special tax rules if I let out a property that I previously lived in?