18 Apr 2015 5:26 PM:
Hi I have been renting out properties in the UK for over 20 years if you use a reputable rental agency they credit check the prospective tenants and take up references. The agency deals with all the tenancy agreements legal yearly gas checks etc. the usually charge between 10 and 16 % of the monthly rental income per monthfor there services. They also organise minor breakdowns and repairs. for additional peace of mind you can take out landlords insurance to insure you against loss of rent should your tenants default on their payments as well as all the legal fees if you should need to take tenants to court. All of which I must say I have not experienced in all the time I have been letting properties. The insurance costs about 350 pounds a year.
If you have paid national insurance contributions for two years prior to moving to spain you are allowed two years free health care here in spain. Talk to Newcastle pension department for further information. After that cover ceases you have to pay private health care or join the local comunidades health scheme. Here in valencia you pay them about 65 euros a month and then your fully covered. Finally if you have a partner who is of pensionable age you can apply for free health care as there dependant again talk to newcastle. Good luck with your move
Thread:
Experiences from people who are renting their properties in GB to fund life in Spain please!
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