If becoming a landlord is something you have been considering, now is the time to learn all there is to know about it. Keep reading to find out what steps you need to take to become a landlord.
How to Become a Landlord
Since the beginning of the year, demand for rentals has significantly increased. And with demand far outweighing supply, there perhaps has never been a better time to become a landlord.
In this guide, we will show you what steps you will need to take and how you can start renting out your property.
The first step to becoming a landlord is checking your eligibility. Not everyone can be a landlord and not all properties can be rented out. Therefore, it’s best to start by checking applicable legal requirements for your particular circumstances.
For example, if your property is mortgaged, your mortgage lender will have to issue an approval before you are able to rent out the home. Your mortgage policy must also cover buy-to-let.
For leasehold properties, the terms of the lease must allow you to sub-let.
Read More: https://realestateagentslondon.co.uk/complete-guide-to-becoming-a-landlord/