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Discussion Starter · #1 ·
Hi All,

We currently have a 2 bed flat and I am desperatley wanting a house with a garden! Now if we sold we wouldnt have enough equity to put down a deposit on a house. I was thinking maybe we could rent our flat for say 6mth - 1 year and the money we would be paying on a mortgage we can save then sell and that should give us enough to buy a house. In the meantime we would stay with the mother in law (if she will have us!)

But I know nothing about renting...what are the pros and cons? Do I have to tell my mortgage company etc?? Any advise much appreciated!! :D
 

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Discussion Starter · #4 ·
I dont really know I was just quoted 10% per month from a local estate agent.

Will we have to pay tax on the rent as it suppose it would be like an income??
 
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