As I have pointed out in other blogs recently, more and more people are deciding to let out property because they are struggling to sell it or in some cases are not prepared to sell at heavily discounted prices. 

Amidst this changing trend, more experienced landlords and investors are calling on these novice landlords to take a good look at the financial implications and landlord obligations before they become a landlord overnight.

For instance not many new landlords know that if the property is still has a residential mortgage, then they will find that under the terms of this agreement they are not allowed to rent the property out. Continue reading →