We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Landlord trying it on?
wolvotim
Posts: 43 Forumite
We recently asked for a reduction on our rent as it seems we’re paying over the odds compared with two other identical houses on our estate. We asked for £50 per month off to bring us inline with the other two houses. The landlord then came back with £25 a month for another 6 month contract. Really not wanting to move we agreed.
The estate agent rang this morning saying that she now wants a 12 month contract as she is not allowed to have 6 month contracts in the terms of her buy to let mortgage.
This seems a little far fetched to me. Does anyone else know of any other buy to let mortgages which require a 12 month contract?
The estate agent rang this morning saying that she now wants a 12 month contract as she is not allowed to have 6 month contracts in the terms of her buy to let mortgage.
This seems a little far fetched to me. Does anyone else know of any other buy to let mortgages which require a 12 month contract?
0
Comments
-
have you a problem with a 12 month contract .
If you havent then agree to it and ask for £30 rent deduction ,after all they will have the rent for 12 months ."Do not regret growing older, it's a privilege denied to many"0 -
This seems a little far fetched to me. Does anyone else know of any other buy to let mortgages which require a 12 month contract?
No. Usually there is a maximum of 12 month AST not minimum!I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Why not say you will agree to 12 months if you can have £50 off?
Proud to be a MoneySaver! 0 -
littlemissmoney wrote: »Why not say you will agree to 12 months if you can have £50 off?
I fully agree. The owners will know that good tenants are hard to find.0 -
Most buytolet mortgages dont even ask for copies of the tenancy agreements.0
-
We dont want to be contracted in for to long as we have a deposit waiting for a house when the time comes.
Do you guys think the 12 month minimum contract with her BTL mortgage is a fib then?0 -
definitely.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
-
My vote is that this is a fib, too.... Do you guys think the 12 month minimum contract with her BTL mortgage is a fib then?After the uprising of the 17th June The Secretary of the Writers Union
Had leaflets distributed in the Stalinallee Stating that the people
Had forfeited the confidence of the government And could win it back only
By redoubled efforts. Would it not be easier In that case for the government
To dissolve the people
And elect another?0 -
What about a 12 month contract with a 6 month break clause? And a further discount on the rent!0
-
cool think i'll go and question the estate agent about it then;)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.8K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.6K Spending & Discounts
- 247.6K Work, Benefits & Business
- 604.5K Mortgages, Homes & Bills
- 178.6K Life & Family
- 262.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards