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

franklee

japmis wrote: »

I often wonder about my LL because all sorts of inland revenue stuff arrives at our rented place addressed to her and her company. She has even left us forwarding stickers for us to send on her post. Dodgy?

It's courteous to forward post for the first few months after someone moves out but if it's been going on for a longer while then I'd say dodgy. I can't see why the landlord should expect to use your home as a post box or why you would let her operate from your home. I'd put no longer living at this address on the envelopes and put back in the post of it's been longer than a few months since she last lived there. Do any mortgage statements arrive (you can get the lender's name from the land registry, or peer through windowed envelopes) I'd be concerned if they do.

neas

My current landlord appears not to have consent to let.

IM near the end of the 6 month tenancy... what action should I take?

If i report the landlord to the mortgage company will they force them to sell or turf me out? :O

My landlord/letting agent are being pretty screwy but don't want to lose position in home just yet as we are looking to buy soon.

Tancred

Quite frankly, if a propsective tenant insists on being so fastidious about his landlord's personal affairs then he would find it difficult to find anywhere to rent. The likelihood of a mortgage lender investigating someone who is suspected of letting out a property without their permission is very remote, unless there is a particular reason. Ultimately, the lender will be happy as long as the mortgage repayments are met promptly. The terms of the mortgage are a matter for the landlord and his lender - if you challenge every landlord with these questions you may end up living in a Travelodge.

Paul_iow

It looks like our landlord hasn't contacted their mortgage company and is still registered at our address, checked on land registry and has mortgage statements arrive at our address. He is also in the process of selling the house, we are moving out soon, and has had the contract for selling the house sent to our house. Can we notify his mortgage company and find out if he has permission to let the house? What are the reprocussions? Is it worth doing?

As a side not the landlord and letting agent have been terrible and messed us around so much so we won't feel bad for "telling"

sugarlily

TBH many landlords are skint money savers like you and me who have houses stuck in negative equity but have to move for job reasons, and are therefore forced to let. If they have to go through the paperwork of notifying the bank, who might say no, they might get completely stuck, default, and lose their home.

They aren't going to run into trouble unless us tenants stop paying the rent, causing mtg payments to stop, and the bank to start investigating. At that point, yes, we might get evicted, either if the bank finds out or if the owner gets reposessed.

MissMoneypenny

sugarlily wrote: »

TBH many landlords are skint money savers like you and me who have houses stuck in negative equity but have to move for job reasons, and are therefore forced to let.

These desperate "TBH many landlords are skint" are the very ones tenants need to avoid! It's also why this thread was started.

How can those type of landlords' pay for big repairs such as a new boiler? What happens if they lose their job; can't afford their own bills (as they are "skint") and have the choice of paying their own bills on the home they live in; or the mortgage where the tenant lives; with the tenant's rent? If your mortgage lender catches you and gives you an instant interest rate rise as a penalty for not asking their permission, plus adds all back charges to your mortgage, how will you pay these increases if you are "skint"?

sugarlily wrote: »

If they have to go through the paperwork of notifying the bank, who might say no, they might get completely stuck, default, and lose their home.

If they are that big a financial risk that their lender doesn't want to risk helping them, then tenants' certainly need to avoid them too!

A tenant who rents from a landlord who has not been given permission to let their property from their mortgage lender; does not have the same rights as a tenant who rents from a landlord who does. A "skint landlord" will not be able to afford their repairs.

MissMoneypenny

Paul_iow wrote: »

It looks like our landlord hasn't contacted their mortgage company and is still registered at our address, checked on land registry and has mortgage statements arrive at our address. He is also in the process of selling the house, we are moving out soon, and has had the contract for selling the house sent to our house. Can we notify his mortgage company and find out if he has permission to let the house? What are the reprocussions? Is it worth doing?

As a side not the landlord and letting agent have been terrible and messed us around so much so we won't feel bad for "telling"

If he still has his mortgage statments sent to your home, then it doesn't sound like the lender knows he doesn't live there anymore.

You can 'return to sender' anything addresed to him. Just write "Return to Sender - Not known at this address" on the envelope; or on the statement if you have opened it accidently.

You won't find out if he has consent to let the house from his lender; but that will be for his lender to sort out him when they find out he has let the property without their consent..

I don't feel bad when I report these type of landlords to their lender, either. They are quite happy to risk their tenant, so what goes around, comes around.

MissMoneypenny

Tancred wrote: »

Quite frankly, if a propsective tenant insists on being so fastidious about his landlord's personal affairs then he would find it difficult to find anywhere to rent.

Those landlords who have nothing to hide, will give proof that they have consent to let and that they own the said property.

If a landord can't show that they have permission from their morgage lender, do everyone else a favour and report them to their lender; who can then check their records to see what permission that borrower has. I usually phone and give these details and many lenders have 'mortgage fraud' sections. You don't have to give your name

The name of their mortgage lender can be found on the Land Registry records. Anybody can download these deeds on Land Registy for just £4. The section on the deeds called Charges, will list the name of the lender they borrowed from (and any other debts they have secured against the property) and the full name they gave when they borrowed the money: which is all the mortgage lender needs to trace the relevant loan on their records.

Tancred wrote: »

The likelihood of a mortgage lender investigating someone who is suspected of letting out a property without their permission is very remote, unless there is a particular reason. Ultimately, the lender will be happy as long as the mortgage repayments are met promptly.

Renting a property is a business; business is a risk and therefore attracts higher interst rates from lenders. Lenders want their money and will chase those who try to avoid paying.

Private companies too have also found that it's good business to sell this information to mortgage lenders, about their borrowers. Natioanal Hunter can check the credit records associated with a property (and these should only show the names of the borrrower and their family if they don't have permission to let the property). Mover Alert: speaks for itself how it helps lenders trace borrowers renting without permission.

Paul_iow

Our landlord isn't tight for money, he has just sold his other 2 properties and now moved out to Australia. The house we are in has just been sold and the contract address to him has been sent to us, so it looks like even his solicitor doesn't know his new address.

How would we go about telling his mortgage company, we know which company he has his mortgage with, and what would the reprocussions for him be? Bearing in mind the house has just been sold and it looks like he has been renting at least the past 18 months.

MissMoneypenny wrote: »

If he still has his mortgage statments sent to your home, then it doesn't sound like the lender knows he doesn't live there anymore.

You can 'return to sender' anything addresed to him. Just write "Return to Sender - Not known at this address" on the envelope; or on the statement if you have opened it accidently.

You won't find out if he has consent to let the house from his lender; but that will be for his lender to sort out him when they find out he has let the property without their consent..

I don't feel bad when I report these type of landlords to their lender, either. They are quite happy to risk their tenant, so what goes around, comes around.

sugarlily

MissMoneypenny wrote: »

These desperate "TBH many landlords are skint" are the very ones tenants need to avoid! It's also why this thread was started.

How can those type of landlords' pay for big repairs such as a new boiler? What happens if they lose their job; can't afford their own bills (as they are "skint") and have the choice of paying their own bills on the home they live in; or the mortgage where the tenant lives; with the tenant's rent? If your mortgage lender catches you and gives you an instant interest rate rise as a penalty for not asking their permission, plus adds all back charges to your mortgage, how will you pay these increases if you are "skint"?

I think you're generalising a bit. I can't say that my experience with professional landlords has been any better, in fact people in whose true and only house I have lived in have been more keen to spend money on the house than those who had ten houses, all decked out in MDF.

People tend to have insurance for things such as boilers and other major repairs.

Being able to move house to continue working and earning money is presumably how they would pay for things.

Perhaps we should be calling for the banks to be more flexible, rather than criticising people who have to move for work.

Norman Tebbit advocated getting on your bike and looking for work. But perhaps I'm going off topic.

Moreover, if we all go around reporting people to mortgage companies, we're going to get ourselves evicted a whole lot faster...