Exact(3)
You might, however, qualify for "private residence relief" for the time you lived in the property and also for "lettings relief" because you let the property for a period (more information is available on the UK government website).
Some lenders charge a higher interest rate on your existing mortgage if you let the property.
If you let the property you need to consider income tax, although if you choose a country with a double taxation treaty with the UK, you will be able to offset the tax paid against your British taxes.
Similar(57)
Depending on your lender's practice, you will either need to switch to a buy-to-let mortgage or pay a fee for your lender's agreement that you can let the property.
If you move out and let the property, you will need to find somewhere to rent yourself so you could end up simply swapping mortgage for rent and being no better off.
The price quoted is under a leaseback arrangement, where you must agree to let the property most of the time, but receive a waiver on paying 19 per cent VAT in return.
While we were away, we let the property.
We let the property speak for itself so that educated and informed decisions can be made.
She added that it would not make sense to let the properties deteriorate.
I would ask those who object to the rescue of DeBell: do you think that by letting the property default, it will remain a greenbelt?
Check whether you could be prevented from letting the property by the lease or the terms of your mortgage, and that all your costs can be covered by the rent minus any tax you may have to pay".
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