Expat Landlords

Many expats prefer to rent their UK properties rather than selling them when they move abroad for a variety of reasons. The main one being to provide an income that will often cover the costs of living abroad but also so that they have a base to return to, keeping ties to the UK plus it makes it far easier to obtain mortgages later on if needed and lastly keeping a valuable asset in the UK incase of any last moment emergencies.

It is of course tempting to cut out the middle man, search for tenants, look after the maintenance and collect the rent yourself, which will ultimately save on agency fees. The downside is that dealing with tenants and maintenance issues directly can be stressful and time consuming living in the same town, it’s an even bigger hassle if you happen to live in a different country.

Take into account that you must contact your mortgage lender so that you don't breach your terms and conditions. Be prepared for currency fluctuations which on a monthly basis this may not alter much but over a year can be quite volatile. Don't forget that a UK property can have implications for income tax, capital gains tax and inheritance tax for any years after you have left the UK.

In addition, when tenants move out, inventories must be carried out, repairs done and the return of the deposit negotiated. Letting a property whilst abroad can be a minefield and rather expensive if done wrong so make sure you have all bases covered.

How can R&W Lettings help you?

Whilst you are enjoying life abroad, rest assured that your property back in the UK is in good hands. We will advertise your property through our own website plus rightmove.com finding you the right tenant, organise the legal side and take on full management so that you wont be bothered when the sink is leaking or the fridge breaks down.

We can take care of the monthly payments into your required bank account, currency exchange, and are happy to advise you on joining the "Non-Resident Landlord Scheme" so that everything is aligned with HMRC.

Letting your property while out of the country can be a daunting experience, let us take the stress away so that you can enjoy your time in the sun.

Contact Us:

To find out how you can benefit from using our services call 01423 568866 / 0113 816 0186 or 0113 350 1638. We offer a free no obligation meeting to start the process. Contact us now - we are here to help you save time and money.

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R&W Letting and Property Management

Harrogate Office:
 
Southfield, Station Parade, Harrogate, North Yorkshire, HG1 1HB
Telephone: 01423 568 866

Leeds Office: 
1 Broadgate, 22/26 The Headrow, Leeds, West Yorkshire, LS1 8EQ
Telephone: 0113 816 0186 / 0113 350 1638

Registered in England. Company registration no.: 07409329. VAT no.: 758 5033 15

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