Yes but he will still be registered at the property, and he is no living abroad, simply going on an extended holiday.
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Read the small print;2.
When you can’t use the Rent-a-Room Scheme
You can’t use the scheme if the accommodation is:
'not part of your main home when you let it
not furnished
used as an office or for any business - you can use the scheme if your lodger works in your home in the evening or at weekends or is a student who is provided with study facilities
in your UK home and is let while you live abroad'
'
Yes but he will still be registered at the property, and he is no living abroad, simply going on an extended holiday.
I think he is opening up a can of worms, but if he gets the right lodger who plays fair, keeps a low profile and his parents keep an eye on things while he is away he may be ok. I would probably think about it myself in the same circumstances.
Sorry, the name of it is a bit mis-leading. It's basically voluntary redundancy, so they offer you a payment to leave the company. I have to apply for it and it unlikely I'll get it at my age but worth a shot. Would be looking to either re-train in something new or come back to apply for a new job at the end of the travels.
The rent a room scheme sounds like a good option then, if like you say I can find the right tenant. I guess I would still be registered as living in this country as I would only be travelling on holiday and not living or working abroad. But from what I can see tax isn't an issue eitherway as I would be leaving just before the new financial year but the rent a room scheme looks like it may avoid the restrictions put in place by Help to Buy? I guess in that situation I would have to declare the extra person on my council tax which would mean I would lose the single occupant discount but that wouldn't be an issue as I could just cover the extra myself.
Will speak to the agents mentioned in here though for a chat anyway to see if they can advise me.
Another side question to this - I assume I'll need to tell my mortage lender that I will be unemployed, is that likely to effect my mortgage or will it not matter as long as I can prove I have funds to pay it?
Cheers all. Looking at the 'rent a room' scheme again I think this will be my best option. As above, I will still be a UK resident so all I will need to do is notify the council tax people that there are now 2 occupants so I will lose the single occupant discount, which is fine and just add the tenants share of the council tax to the rent.
Not sure though if I can still use the standard tenants contract model mentioned above? Doesn't seem to be any mention of a contract under the rent a room scheme.
As far as anyone would know I will be a resident at the property, will just be on holiday a lot. The travelling will probably be split into 2 parts of the year anyway when i will be back in the country at the half way point for a short while too.
From what I gather it would be wise for both parties to have a contract. There are model contracts available for this specific situation when you rent to a lodger so weuld certainly have one in place for my piece of mind.