Comments on: Should i rent my house out? What would you do in this situation? http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/ Your options for selling your property and renting it back Mon, 21 Feb 2011 23:21:15 -0500 http://wordpress.org/?v=2.8.1 hourly 1 By: Politically Correct http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/comment-page-1/#comment-303 Politically Correct Sun, 30 May 2010 18:17:05 +0000 http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/#comment-303 You absolutely can rent out a room and this is what you should look at doing first as it is the most conservative (least disruptive and risky) option. You move yourself into the single room and let out the decent room. If necessary, put most of your stuff at your parents' house. If that does not work then your parents is obviously the only other choice you have. Then you need to look into ways to get your ex off the house. You can't blame him for not wanting to contribute to a place he does not live in and it is decent of him to agree to remain on the mortgage for the time being because he could have forced a refinance/sale. Unfortunately, he still can so don't get too excited about his meeting someone else. You absolutely can rent out a room and this is what you should look at doing first as it is the most conservative (least disruptive and risky) option. You move yourself into the single room and let out the decent room. If necessary, put most of your stuff at your parents’ house.

If that does not work then your parents is obviously the only other choice you have.

Then you need to look into ways to get your ex off the house. You can’t blame him for not wanting to contribute to a place he does not live in and it is decent of him to agree to remain on the mortgage for the time being because he could have forced a refinance/sale. Unfortunately, he still can so don’t get too excited about his meeting someone else.

]]> By: Ash http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/comment-page-1/#comment-304 Ash Sun, 30 May 2010 18:17:05 +0000 http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/#comment-304 Yes, good idea, rent it out for a while, though there can be a lot of problems with renting. You will need to tell your mortgage company, and get Landlord insurance and a gas safety certificate, I have done this also. Yes, good idea, rent it out for a while, though there can be a lot of problems with renting.
You will need to tell your mortgage company, and get Landlord insurance and a gas safety certificate,

I have done this also.

]]> By: OhiosGirl http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/comment-page-1/#comment-305 OhiosGirl Sun, 30 May 2010 18:17:05 +0000 http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/#comment-305 Maybe you could get a roommate. Then you wouldn't have to move back to your parents but you could still make a little extra money! Split the utilities 1/2 and 1/2 and then charge them a couple hundo in rent? Good luck! Maybe you could get a roommate. Then you wouldn’t have to move back to your parents but you could still make a little extra money! Split the utilities 1/2 and 1/2 and then charge them a couple hundo in rent? Good luck!

]]> By: Kernow Lady http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/comment-page-1/#comment-306 Kernow Lady Sun, 30 May 2010 18:17:05 +0000 http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/#comment-306 Rent it out through an Agent if possible. House prices are rising slightly. In a couple of years your situation could have changed for the better. My DIL did this for 5 years. Good Luck. Rent it out through an Agent if possible. House prices are rising slightly. In a couple of years your situation could have changed for the better. My DIL did this for 5 years.
Good Luck.

]]> By: Billy Cunningham http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/comment-page-1/#comment-307 Billy Cunningham Sun, 30 May 2010 18:17:05 +0000 http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/#comment-307 rent it outt, move in with parents, just hope that the market recovers, I am not familiar though with Englands bankruptcy laws. rent it outt, move in with parents, just hope that the market recovers,

I am not familiar though with Englands bankruptcy laws.

]]> By: WelshLad http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/comment-page-1/#comment-308 WelshLad Sun, 30 May 2010 18:17:05 +0000 http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/#comment-308 Before renting, know the rights of both landlord and tenent. http://www.direct.gov.uk/en/HomeAndCommunity/BuyingAndSellingYourHome/index.htm Before renting, know the rights of both landlord and tenent.

http://www.direct.gov.uk/en/HomeAndCommunity/BuyingAndSellingYourHome/index.htm

]]> By: Cala http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/comment-page-1/#comment-309 Cala Sun, 30 May 2010 18:17:05 +0000 http://www.sellandrentback2u.co.uk/should-i-rent-my-house-out-what-would-you-do-in-this-situation/#comment-309 If the property is in joint names then there are issues in renting out the property! You really need to speak to a solicitor to find out whether, as legal joint owner, your ex could actually claim part of the profits or refuse permission to rent it out. If the property is in joint names then there are issues in renting out the property! You really need to speak to a solicitor to find out whether, as legal joint owner, your ex could actually claim part of the profits or refuse permission to rent it out.

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