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Landlord not paid mortgages for over 12 months
simmion123
Posts: 2 Newbie
we have a landlord who has 15 properties and has not paid any mortgage payments on them for over 12 months. Does anyone know the chances of them being repossessed anytime soon? the mortgage companies wont give us any information? Ideas anyone?
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How do you know?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
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We know because the mortgage companies sent all the arrears letters to the properties each month for the tenants to see.0
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Presumeably you are speaking to the other tenants because you have the same landlord and have all had letters? Don't know how you found each other!
The only reason for the lender to write to "the occupier" at a property is to warn tenants of the situation. This would occur if the landlord was ignoring letters sent to him. Even then they wouldn't be the monthly arrears letters.
The only other reason would be if the landlord has pretended to be an owner occupier to get a residential mortgage rather than a correct buy-to-let mortgage. Whereas it is quite conceivable that a landlord could get away with having on residential mortgage on a property that he lets out, I can't see how he could possibly be given 15 mortgages on 15 properties all on a residential mortgage. Credit checks would have prevented that happening.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 -
Do you know its against the law to tamper with royal mail!!
If he has not paid it will happen soon. You will be told when they find out about the tenents."Banking establishments are more dangerous than standing armies." Thomas Jefferson
"How can I believe in God when just last week I got my tongue caught in the roller of an electric typewriter?" Woody Allen
Debt Apr 2010 £00
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