If you intend to move in the near future, letting your current property may be an attractive alternative to selling it. Norfolk is still predicted by many as an area with above average growth potential with new road investments underway, and its geographical position being surrounded mostly by the attractive Norfolk Coastline. Letting your property can:
Be the first step to a property portfolio whilst making financial sense.
Achieve a rent that pays the existing mortgage - In some cases income is not taxable.
Help you benefit from future property market increases.
Give you a 'foundation stone' for financial security.
Obviously you will have certain concerns when considering whether to let your property:
How will tenants treat my property?
What If I need my property back at any time?
Will my mortgage provider allow me to let?
Is there a tax liability on the rental income?
These and other concerns that you may have will be made clear when you entrust the management of your property to Premier Properties.
