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Is buy to let mortgage holders only can let their properties?

by daZZlar 20 August 2012 |

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I am in 2 years fixed rate mortgage for my property which I bought 1 year ago. Now I am facing difficulties to pay my mortgage. I am thinking to put couple of my rooms in to rent. But I am not sure if I can do it. Is there any legal process I can do or I could face?

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MikeGG1 posted
Have a look at the 'Rent a Room' scheme. There are tax advantages. You will need to check with your mortgage provider but they would not want you to default.

Mike
Posted on 21 August 2012 | Love 0 loves Report
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Simon Ward posted
Hi daZZlar,

There's more information on the Rent A Room scheme in this article:
http://www.lovemoney.com/news/household-bills/tax/2105/make-4250-tax-free-from-your-spare-room

Best wishes
Simon
News Editor
Posted on 21 August 2012 | Love 0 loves Report

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