much as i like the idea of leaving everything in my name and involving as few people as possible, im starting to think i may need to make it more official after speaking to more and more people. few more quesions if you dont mind...
You can take out landlords insurance without involving the building society.
whats the difference between landlords insurance and your 'common and garden building insurance'? do both just cover your property in the case of damage?
if she were to default on any particular bill/credit card etc whilst in my property am i likely to suffer years of refused credit cos the property is on a blacklist?
im still leaning towards not telling mortgage provider. if we were to tell them, what are the implications? a new mortgage at higher rate? more tax paid for any reason, or just that capital gains thing that seems a load of hassle for not much difference (if my property was valued at say £5000 more when we return how much would we be likely to owe for instance?)
a mate who rents his house out has just emailed me his basic contract for me to use and swap details. are there good contracts and bad contracts? are any of them really worth the paper theyre written on if the lodger becomes difficult?
this all might sound like im having doubts about my daughter, thats not the case. im just still learning what i need to do and try and make a decision on how deep i go into this. i love my house and would eventually want to end up in it again, but accept its prob not gonna be possible for a year or two, who knows maybe longer. once bills, utilities, virgin etc have all been cancelled and names changed i know its a world of pain getting anything put back how they were as you never seem to deal with 'commonsensical' people these days, just robots and computers that say no! so i spose im just thinking about making it as easy as possible to slide seamlessly back into life there at some stage.
more questions to follow as i think of them im sure