How to Let Property

publication date: Dec 22, 2011
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books

How to Let Property

How do I find an agent?

On most days we are answering consumer property questions for FREE via our Property Forum.

This is just one of the property questions recently answered on our forum:-

Q - I'm looking to rent out my home, in order to rent another home in a different area. What is the best way to do this - I don't really want to sell at this present time?  READ THE FULL QUESTION HERE

A - Before you do look to rent your home, just to check with you is it a home bought under shared ownership? If it is, it is unlikely you will be able to rent it out.

If however you own your own home outright you can rent it out, but if you have a mortgage on the property you will need their written permission and they may change the interest rate you are paying, so it is worth contacting them first.

The next thing to do is go on-line to research whether your property would rent out for enough money to help you move to a new area and rent there.

Once you have the approval of the mortgage lender/if you own your own home, the next thing you need to do is get a letting agent who is NALS or ARLA registered and has a Safe Agent logo which means they have insurance should the agent run off with your money or go bust. The agent will need to assess your property to work out what changes you need to make to it to make it legally letable. Charges in London will be around 15% of the rent for a letting agent, charges outside of London are around 10-12%. Avoid agents offering 5% or less commission as this means they aren't making any money from the let and are likely not to deliver a good service.  SEE THE FULL ANSWER HERE!


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Get a helping hand with Kate Faulkner's Buy to Let Property Pack for just £59.95!

This unique service, where you purchase a ‘property project pack’ gives you:-
  • An A4 ‘how to’ guide (approx 80 pages), containing Dos and Don’ts, Factsheets, Checklists, Handy Tips and Forms
  • Access to Kate and her team, by phone and email, for any queries you might have during your project.

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