RENTING? Check your LL has permission to let that property.

PayDay

socrates wrote: »

I do not need to read anything I KNOW.

Read post number 1 to find out how tenants can check up on whether a landlord has been granted permission to let.

I wouldn't mind my tenants asking me to prove I had consent to let. It's a sensible precaution for tenants.

This thread is getting a few landlords a bit hot under the collar. Is the net closing in?:D

socrates

PayDay wrote: »

Read post number 1 to find out how tenants can check up on whether a landlord has been granted permission to let.

I wouldn't mind my tenants asking me to prove I had consent to let. It's a sensible precaution for tenants.

This thread is getting a few landlords a bit hot under the collar. Is the net closing in?:D

Checking LR records alone does not in any way shape or form not now, not ever confirm if a LL has 'CTL' - you read the thread from the beginning it has been discussed from every angle.

There is no 'net closing' - its stating facts - if a prospective tenant decides they want to check LR before they rent from a particular LL - the information they obtain cannot be guaranteed to tell them if the LL has 'CTL' or not.

Unless that is of course you can show me how it does.....

silvercar

Are we going round in circles here?

Basically if the registered owners address is different at lend registry, you know the lender must be aware that the property was intended to be let out.

If the registered owners address is the address of the property then you don't know if the lender has permission or not.

socrates

silvercar wrote: »

Are we going round in circles here?

Basically if the registered owners address is different at lend registry, you know the lender must be aware that the property was intended to be let out.

If the registered owners address is the address of the property then you don't know if the lender has permission or not.

That should say

borrower has permission

or

lender has given permission

BUT

I knew exactly what you were saying

franklee

Also the land registry entry will let you know who the mortgage lender is, so you can tell if there is a mortgage and what company's letter head you expect to see on any consent to let letter the landlord shows a tenant. I once got fobbed off by being told there was no mortgage, if only I'd known back then to check the land registry I would not have fallen for that.

If the address registered at the land registry is the rental address and the landlord refuses to show proof of consent to let then I'd be very concerned there is no consent.

Reasons why this happens are the lender may refuse consent if the landlord doesn't have enough equity, or enough rental income or the landlord may be wanting to save the extra costs a lender wants to impose for taking on the risk of a tenant. This may be because the landlord is in a tight position financially and cannot afford these costs, but then will he be able to afford the costs of running a let, repairs, voids etc. Bear in mind the landlord could be in arrears with his mortgage before the tenancy starts, especially if there has been a long wait to get a tenant, or if the previous tenant didn't pay all rent on time.

Couple of examples:

http://forums.moneysavingexpert.com/showpost.html?p=25497571&postcount=31

http://forums.moneysavingexpert.com/showthread.html?p=23595915#post23595915

PayDay

socrates wrote: »

Checking LR records alone does not in any way shape or form not now, not ever confirm if a LL has 'CTL' - you read the thread from the beginning it has been discussed from every angle.

There is no 'net closing' - its stating facts - if a prospective tenant decides they want to check LR before they rent from a particular LL - the information they obtain cannot be guaranteed to tell them if the LL has 'CTL' or not.

Unless that is of course you can show me how it does.....

You still haven't read post 1 of this thread.

socrates

PayDay wrote: »

You still haven't read post 1 of this thread.

So basically you are saying or agreeing that by paying £3 to LR - you can identify if your LL has CTL - is that correct?

silvercar

Not convinced on the letterhead, mortgages get sold from one lender to another in blocks. Years ago we had a BankAmerica mortgage that was sold to Bank of Ireland. All the post came with Bank of Ireland letterhead but the deeds showed BankAmerica throughout. I remember the solicitor querying it when we sold.

silvercar

socrates wrote: »

So basically you are saying or agreeing that by paying £3 to LR - you can identify if your LL has CTL - is that correct?

In the time that this thread has been going Land Reg charges have increased to £4:cool:

SGE1

Not sure if anyone's mentioned it, but the Government has promised to change the law to enable tenants who rent from owners who don't have permission from their mortgage providers to let, to be served a minimum of 2 months' notice should the property be repossessed.