Alex Watts : Hello my name is Alex and I will help you with this. Please note that I am a working Solicitor and may be on and offline as I have to attend Court and meet with clients, even at weekends. As such you may not get an instant response when you reply, but rest assured I will be giving your question my immediate attention upon return You do not need to wait here as you will get an email when I reply.
Alex Watts : Yes, if you own the house then you are free to rent it out.
Alex Watts : There is nothing stoping you especially if your ex is outside the country,
Alex Watts : Can I clarify anything for you about this today please?
what about the other part of my question?
if I gonna call mortgage company to tell them I intend to rent the house, is it mean my mortgage monthly payment will rise and do I have to pay a tax from rent if so how much it would be?
Alex Watts : Yes the payment is likely to rise as it will be buy to let.
Alex Watts : You will have to pay tax on payments receive less costs such as interests, insurance etc
Alex Watts : Does that help.
do you know the percentage of the cost?
Alex Watts :
Depends on what rate of tax payer you are, normally 20%
Alex Watts :
Does that help?
JACUSTOMER-7umbzpbb- : But if I paying the mortgage the mortgage company shouldn't change my mortgage ?
Alex Watts : They can change it from the current deal to a buy to let. A condition of your current mortgage is that you are to live there. This will change so the rate will go up.
Alex Watts : Does that clarify?