my rented home is being repossessed!

vigesimal

Gorgeous_George wrote: »

Added to my ignore list.



GG

We wanted to know that because.........?

Zelie

the_pazza wrote: »

the real problem is i'm not homeless and can afford to pay for a new home to rent (but unfortunately not buy) but as i live and work in a small villiage where property is in short supply where the children also go to school, i cant really move out of the area. the real problem i think i've got is time! i'm sure given time i could find somewhere else suitable to live!

Shelter is a housing charity - it's not just for homeless people.

They have a lot of knowledge of housing legislation and can give free advice about your rights and possibly about getting a stay of execution. Take the morning off work tomorrow and call them and the CAB. Good luck.

the_pazza

thanks, its the not knowing that is the killer!

temba

I feel really sorry for you. You are a good honest citizen who has NOT stretched yourself beyond YOUR means, indeed, who KNEW your means enough NOT to stretch yourself, and YET, you are the VICTIM in this.

I really hope it all works out for you.

trenchwars

I hope this is okay to post links to these things but if you feel strongly about this issue then please sign my petition:

http://petitions.number10.gov.uk/tenantevictions/

ad9898_3

vigesimal wrote: »

We wanted to know that because.........?

He's a BTL'r and a bit sensitive, I just call a spade a spade, the OP is being screwed because of the lax law on this type of business. It needs to be regulated and regulated hard.

Premier_2

Earlier thread on same subject here:
http://forums.moneysavingexpert.com/showthread.html?t=1250097

silvercar

Incisor wrote: »

A simple law to give tenants protection over the remaining period of an AST up to 6 months would provide very good protection. It would also put the banks on the back foot when doing a repo over a tenant. And it might suit your agenda, because if that started to happen, perhaps the banks would look twice at who they are lending too.

Problem is that a lot of landlords who fall into difficulty are people who have moved out of their own home as they can't afford to stay and can't afford to sell due to negative equity. They have moved in with family or are renting somewhere cheaper themselves. A lot do not have consent from their lenders to let the property. Its all well and good saying that the banks should give tenants the protection of the AST, but the banks often think the mortgagees are still living in the place.

If banks had to let tenants stay, even when they don't have consent to lease, anyone facing a repo would claim that their cousin was a tenant and keep the property, rent free for another 6 months.

With a BTL or consent to lease mortgage, the lenders has acknowledged the tenancy and so is required to allow the tenant to stay at the moment.

The big problem is that a tenant has no way of knowing whether their landlord is letting illegally or not. I would like lenders to issue a certificate confirming that the mortgage has consent to lease/ BTL and the mortgage is paid upto date. Then every tenant and letting agent could see where they were at.

adarynefoedd

I read all the responses with interest. I wondered if via Shelter or another mediator if the poster could come to an arrangement with the lender to pay the rent direct into the mortgage account so that at least some of the mortgage interest is paid. Obviously the landlord has a lot of arrears but this solution might at least prevent homelessness and the cost to everybody of court proceedings. Just a thought.

sugarpants_2

Pazza

I have 2 small children and married. I can imagine the stress you are under. Especailly with the kids in school etc.. I really hope you find somewhere nearby to rent.

Life is a b***h at times. Go at it with both hands and MOVE a soon as possible and definatley stop all rent!!

Keep us informed how you are getting on.

Mentioned to new letting agents whats happened and there maybe a nice understanding landlord that will aloow pets in your circumstance especaiily as you have paid all your rent payments,tax, and bills.

Huge hug