Unless I've missed something, OP is buying with a residential mortgage (they intend to live in it)
Therefore whilst they can exchange (not advisable), they cannot complete as it will be a condition of the mortgage that there is vacant possession, which there clearly isn't while this tenant...
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23-08-2005, 09:00 AM
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Latest Topics
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by itsthomasWe are buying a residential property to live in
Now that everything is ready for exchange we are told that the tenant has decided not to move out.
The tenancy agreement is already expired two months ago and she has stopped paying rent since.
Now we would like to know what happens...-
Channel: Residential Letting Questions
12-05-2022, 19:37 PM -
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If it takes maximum up to a year we are happy to go ahead with the purchase and cover the costs.
I am lucky enough to have not yet needed to evict someone from any of my properties. But my understanding is that the longest it can take is forever. If the previous landlord or you fail(ed)...-
Channel: Residential Letting Questions
18-05-2022, 08:58 AM -
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On top of what everyone else said about the tenancy continuing after the purchase, it's important to also remember that at that point *you also become a landlord with all the legal responsibilities of a landlord*. Do you know what those responsibilities are? Have you got the right insurance? Are you...
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Channel: Residential Letting Questions
18-05-2022, 08:32 AM -
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Why dont you as a large letting agent in the area for an estimate as to how much they would list the property for, you could get more than you have advertised it for....
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Channel: Residential Letting Questions
18-05-2022, 08:26 AM -
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Advice needed. I m advertising a studio in London on open rent. Got a reply from a man that offered 6 month s upfront (I know - alarm bells going off). I joked he s either growing weed or can t get references. He says he can t find any studio s in London (big shortage) near where he is working that...
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Channel: Residential Letting Questions
17-05-2022, 18:36 PM -
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by jpkeatesNot wanting to meet is enough of a red flag on its own.
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Channel: Residential Letting Questions
18-05-2022, 08:00 AM -
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by Goobs27Agreed, sounds very suspicious. A studio flat is not ideal for growing illegal substances but you will need to check he has the right to rent anyway and a face to face meeting to check his documents is the easiest way. RTR checks can be done electronically with a share code but that code brings up a...
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Channel: Residential Letting Questions
18-05-2022, 07:48 AM -
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by DoricPixieI suppose he could have recently moved to London for work which is why he’s currently residing in a hotel but his pushiness and refusal to meet are red flags....
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Channel: Residential Letting Questions
18-05-2022, 00:04 AM -
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by DoricPixieThe only other thing I can think of is the address for the serving of notices. If that was the letting agency’s address in the original agreement you’ll need to provide the tenants with a new address where they can serve notices....
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Channel: Residential Letting Questions
18-05-2022, 00:00 AM -