L defaulted on mortgage; house to be repossessed

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    L defaulted on mortgage; house to be repossessed

    My landlord is having the flat repossessed by his mortgage lender at the end of the month and I have been given notice (but not yet a date) to be evicted. I paid my landlord for 6 months in advance and will have 3 months to run at the date of reposession. Can the lender still evict me or does he have to honour my rental agreement?

    Everything I've read so far suggests that the lender does not have to honour the contract and can evict me as soon as they repossess the flat - are they really likely to do this or will they give me time to find somewhere else? Anybody have any experience of this? - must be more common in today's climate.

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  • Reply to Renting rooms
    by DoricPixie
    It wasn't so much tat as a ground for eviction for PRT is wanting to move into the property (for now). It was more that I'd put my heart and soul into making the property nice and it wasn't being cared for as well as I would have liked. I didn't like being at the mercy of a letting agent either particularly...
    28-01-2022, 18:03 PM
  • Renting rooms
    by Luke
    I have a three bedroom property in the U.K which I will rent out .
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    28-01-2022, 06:09 AM
  • Reply to Renting rooms
    by DoricPixie
    I've had unoccupied insurance whilst I was overseas before. It was challenging finding an insurer as a non-UK resident but I did find one and the premium wasn't horrific. I did have to have someone go and check on the property every week as a condition of the insurance and luckily I had someone to...
    28-01-2022, 17:59 PM
  • Reply to Renting rooms
    by theartfullodger
    Just be careful with insurance. Empty properties are a "challenge"
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  • Reply to Renting rooms
    by Hudson01
    If i were in this position then i would do the same, there is far too much risk thesedays if you wish to move back into it, either accept the risk and rent is as it really is with an AST or leave it empty....
    28-01-2022, 16:38 PM
  • Reply to Deducting Cleaning Costs from Deposit
    by jpkeates
    That document is out of date and, in a lot of places, possibly as a consequence, now wrong or misleading.

    The concept of individually negotiated clauses is now deprecated in consumer law.
    The OFT no longer exists and it's successor, the CMA, has withdrawn its advice about unfair terms...
    28-01-2022, 16:18 PM
  • Deducting Cleaning Costs from Deposit
    by Piffy
    I use a Letting Agent. Recently the tenants vacated, prior to the tenants leaving when the letting agent did an inspection they advised the tenants that the property would need cleaning before they vacated. The tenants have now left, the place does need a good clean, the Letting Agents have said that...
    27-01-2022, 11:30 AM
  • Reply to Renting rooms
    by DoricPixie
    You can't have your cake and eat it Luke. If you want to receive rental income from a property that is not also your main home you have to accept that the occupants will be tenants. This means that you will have to comply with all your legal obligations as a landlord unless you want it to come back...
    28-01-2022, 16:09 PM
  • Reply to Deducting Cleaning Costs from Deposit
    by DoricPixie
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    28-01-2022, 16:06 PM
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