Sunday September 20, 2020

The snaglist for accidental landlords

The recession has inadvertently caused a lot of homeowners to become landlords, but there are important issues to consider, writes Emma Kennedy, Personal Finance Correspondent

4th March, 2012
2
You could be in for a rate shock if you decide to turn your home into a rental property

With negative equity mortgages affecting ever more homeowners as the property market remains weak, many are being left with little choice but to become landlords.

Those trapped in a home that is too small for a growing family, or in a house on the wrong side of the country for their new job, are opting to rent out their properties - and rent a more suitable home themselves. This is particularly the case if they...

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