Renting out home as a whole versus renting out individual rooms?Make Text Bigger
We are thinking of either renting our home out as a whole to a family or similar or venturing into the new world of renting out individual rooms.
The house is in a great location, close to transport links etc. Have posted an add in spare rooms and already have received a lot of interest.
I am just wondering about the legal implications, i.e do we have to let our mortgage company know we are doing this. We won’t be living there. Also am I right in thinking we pay tax on anything above 7500 (cant remember exact figure). Any help would be much appreciated.
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