Any London based landlords here? Average time from listing a property to finding a tennant?

[dowie]

Assuming you bought the property a few years ago for a reasonable price and had a reasonable deposit/rate on the loan, then rent should be way in excess the mortgage cost (hundreds of pounds a month differential)

I did, rental rate should be about double the mortgage repayments... though there is a service charge too and I guess my mortgage rate could go up if I were to tell my bank about renting it out

Probably quicker than getting a mac10.

 

[Philtor]

You will need to let your Mortgage company know you are going to let the property if you go ahead. They will add an additional charge to your monthly payment but it will be off set by the rental income you'll receive.

 

[Cosimo]

Probably quicker than getting a mac10.

Unless you put a gun wanted ad up in the newsagents window.

 

[Efour]

Probably quicker than getting a mac10.

Nothing is quicker than this...

 

[Alex_L]

Our place in Canary Wharf (1 bed with underground parking) had a tenancy agreed within two weeks. One beds seem to always rent quickly.

 

[Gangster]

Assuming you bought the property a few years ago for a reasonable price and had a reasonable deposit/rate on the loan, then rent should be way in excess the mortgage cost (hundreds of pounds a month differential)

Wouldn't the % change as its now rented?

 

[Scam]

Congratulations on joining the gravy train btw