Neil_Ireland
Registered User
- Messages
- 189
Hi all,
I have been asked by my employer to relocate for a period of time (roughly 2 years) and could do with some advice on what to do with my house. House was bought in 2009 as a first time buyer, I'm on a fixed rate mortgage for the next 3.5 years.
From reading I know I would have to register with the prtb, obtain landlords insurance and probably use an agency to find tenants and pay whatever fee's they require plus tax on income at end of year.
My main concerns are my mortgage company increasing the rate as the house would be rented. It's not going to be rented forever, I intend to move back into the house. So not an outright investment property. Do I really need to inform them or how do they find out?
I read on the revenue site that once the house is over 2 years out it can be rented without incurring stamp duty as an investment, is this correct?
I know I would loose my trs. If the house becomes my private residence again can I go back to claiming trs?
I thought about renting a room out instead of the whole house, the tenant would have the use of most of the house but I think this could be more trouble then it's worth regarding insurance. Would I need to have landlords insurance in this case too, as I wouldn't be living there.
Any other advice or options would be greatly appreciated.
Thanks
I have been asked by my employer to relocate for a period of time (roughly 2 years) and could do with some advice on what to do with my house. House was bought in 2009 as a first time buyer, I'm on a fixed rate mortgage for the next 3.5 years.
From reading I know I would have to register with the prtb, obtain landlords insurance and probably use an agency to find tenants and pay whatever fee's they require plus tax on income at end of year.
My main concerns are my mortgage company increasing the rate as the house would be rented. It's not going to be rented forever, I intend to move back into the house. So not an outright investment property. Do I really need to inform them or how do they find out?
I read on the revenue site that once the house is over 2 years out it can be rented without incurring stamp duty as an investment, is this correct?
I know I would loose my trs. If the house becomes my private residence again can I go back to claiming trs?
I thought about renting a room out instead of the whole house, the tenant would have the use of most of the house but I think this could be more trouble then it's worth regarding insurance. Would I need to have landlords insurance in this case too, as I wouldn't be living there.
Any other advice or options would be greatly appreciated.
Thanks