Property Solutions to Sell Your House Fast For Market Value
You can only rent out a retirement flat if the lease allows you to do so, but you may need to obtain permission from the freeholder and pay a consent to let fee. But there may be restrictions on who the property can be rented to, which will include the same age restrictions set for buying the flat.
Property lease options are contracts that give you control over property, and as a general rule to generate an income from it, but could equally be control over a property for you to live in. The option contract gives you the right, but not the obligation, to buy the property in the future.
The best way to buy an investment property with little or no money is to use other peoples money or OPM. But before you start asking for other peoples money, there are a few important steps you MUST take beforehand. The first of these crucial steps is to find an opportunity or a great investment.
HMO Property Pros and Cons: The number one pro or advantage of an HMO property is the higher yield they provide when compared to a standard buy to let investment. Whereas the top con or disadvantage of HMO properties is the red tape and legislation you have to comply with.
You are not required by law to have a gas safety certificate to sell a house. But if you have a gas boiler it’s recommended to have an annual gas safety inspection and a gas safety certificate issued for your own safety. Plus if you let your property you are required to have a gas safety certificate issued every year.
You cannot live in a property with a buy to let mortgage on it, and if you do you will be in breach of the mortgage terms and conditions and committing a fraud. Most buy to let mortgages aren’t regulated and are assessed on the basis of rental cover rather than affordability.
