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Evicting vendor's tenants
ChuteBoxe
Posts: 7 Forumite
hi everyone, i'm new to this forum.
some advice please. i just brought a house. currently the vendor has a multi tenancy arrangment, there are 3 unconnected parties renting rooms in the property i think on a casual basis. my lender will not make a formal mortgage offer until there is some kind of notice of termination. what can i do if this cannot be obtained?
some advice please. i just brought a house. currently the vendor has a multi tenancy arrangment, there are 3 unconnected parties renting rooms in the property i think on a casual basis. my lender will not make a formal mortgage offer until there is some kind of notice of termination. what can i do if this cannot be obtained?
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Comments
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I'm guessing this is not true. Yet.i just brought a house.
You have made an offer and hope to buy it? If you've already bought it, you are in trouble!
Basically you have 2 choices. Buy the house as an investment, with tenants, and take over as the landlord with all the responsibilities of a landlord.
Or buy it for your own occupation in which case you must ensure that the property is sold 'with vacant possession'. Your solicitor, if you have one, will put this in the contract. It is then the vendor's responsibility to evict the tenants before Completion. If on the date of Completion the tenants are still there, you should refuse to Complete (ie don't buy the house) because the vendor is not fulfilling the contract by giving you the house with vacant possession.
If the lender is using the same solicitor as you (usually), get him to tell the lender the contract stipulates vacant possession.my lender will not make a formal mortgage offer until there is some kind of notice of termination.
How the vendor evicts the tenants is not your, or your lender's, concern.0 -
thanks G_M, thats very helpful.0
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G-M has given you some useful info there but why are you not asking your solicitor ? You are paying him/her and this is the sort of query they should be addressing for you.0
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Its no wonder the mortgage company is averse if the type of tenancy agreement is not known.
If the tenants have the type which means they are secure tenants (that predated some changes made to housing law which introduced ASTs), then you are stuck with tenants who pay peppercorn rent who can't be evicted and whose relatives can succeed as tenants upon their death.0
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