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Renting out your Home


You and your estate keep the property within the family and retain both the net rental income and the benefit of future property inflation

There may be tax and estate planning benefits from letting your property, if the net rent is applied to offset care fees. If the net rent is sufficient then, over a number of years, it will be possible to redeem the loan taken out on the security of the property to meet the ongoing cost of care fees, or the cost of a care fees insurance policy. Your family may then be able to inherit your property debt free once the loan taken out to pay for your care fees has been repaid.

Moreover, your family may have the benefit of any property inflation being included into the value of the property.


Normally you can usually only raise part of the value of the home (usually a maximum of 50%) on a mortgage, if you need capital to buy a care fees insurance policy, or other financial product, to fund your care fees.

You may need to do work to your home to bring it to a lettable condition. The costs of this need to be set against any capital you plan to raise from the sale of any Equity in the property.

There are risks relating to choosing a good tenant and recovering the rent due.

How much rent will you receive and what will be your costs?

This will depend on the location and condition of your property. My Care My Home will be able to give you an indication.

As the landlord you may have to consider these costs:

  • Improving the property (if required) to bring it into a lettable condition
  • Finding a suitable tenant and establishing a legal tenancy
  • Ongoing management and maintenance of the property

What will you have to do to let your property legally and safely?

You must ensure the property is attractive to rent and is legally in a lettable condition.

  • Carry out repairs and keep the property in a safe condition.
  • Maintain in good working order all supplied electrical equipment. Repair (within reason) sanitary, heating, plumbing and other facilities and appliances supplied, or required to be supplied, by the landlord.
  • Ensure that all furniture and furnishings supplied are compliant with the Furniture and Furnishings (Fire) (Safety) Amendment Regulations 1993.
  • Service all gas-related equipment and provide an annual gas safety certificate.
  • Ensure that the electrical wiring in your property is safe and in good working order throughout.