Lending criteria, terms and conditions apply. Over 18s only and Republic of Ireland residents only. Mortgaged property must be in Republic of Ireland. Security, buildings insurance and life cover required.
Owning a rental property is a big commitment. You can't just put your money into it and forget about it. There are a number of responsibilities that come with letting a property so we've put together this list to help you get started.
If you've already got a mortgage on the property, you should either have a buy-to-let mortgage or permission from your lender to let the property. Make sure that you take out landlord's buildings insurance. You may consider taking out rent insurance, which could pay for legal costs if your tenants stop paying rent and need to be evicted.
You must be able to give your tenants an up-to-date current gas safety certificate that's been provided by a Gas Safe registered engineer. By law, you'll need to have all gas appliances serviced regularly, usually once a year.
You’ll also need to give your tenants a valid BER, which outlines how energy efficient a building is and gives it a rating. You’ll need to get a this created before you start marketing the property for rent.