Frequently Asked Questions
Q. Do I need to tell my bank or building society ?
A. Yes! They are the legal owners until your mortgage is paid. You may be charged an additional 1% in interest and an administration fee.
Q. Does my property need to be furnished ?
A. No! Most properties are let with only carpets, curtains and a cooker, with no real difference in the rent if the property was fully furnished.
Q. Do I need any testing work to be undertaken ?
A. A landlords gas certificate is required from a CORGI registered heating engineer and an electrical safety inspection report from a NICEIC electrical engineer - HomeLets can undertake the above if required. Any upholstered furniture must also be fire resistant.
Q. Can I leave my property up for sale and let it out at the same time.
A. Yes! although it may be slightly more difficult. to locate a tenant
Q. Do I need to insure my property ?
A. Yes! You must also inform your insurers that the property will be tenanted or any future claims will be void.