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Our landlord doesn't have a buy to let mortgage

bobbarley
bobbarley Posts: 190 Forumite
edited 26 February 2010 at 2:26PM in House buying, renting & selling
I've just read this thread - http://forums.moneysavingexpert.com/showthread.html?t=1377883

I know for a fact out landlord doesn't have a buy to let mortgage. His and his girlfriend have moved to Australia, and they left their mortgage how it is. Each month we pay money directly into their bank account to cover rent. We do have a contract though that they had written up.

Given the above, would it be safe to say their contract is completely worthless? I assume they're breaking the law?
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Comments

  • N79
    N79 Posts: 2,615 Forumite
    edited 26 February 2010 at 2:25PM
    Not necessarily. They may have consent to let from their mortgage company. There is no requirement to have BTL mortgage.

    Failing to have consent to let is not a criminal offence and does not break the law. If it is occuring then it is a breach of their mortgage conditions.
  • longtimelurker_2
    longtimelurker_2 Posts: 119 Forumite
    bobbarley wrote: »
    I've just read this thread - http://forums.moneysavingexpert.com/showthread.html?t=1377883

    I know for a fact out landlord doesn't have a buy to let mortgage. His girlfriend and I have moved to Australia, and they left their mortgage how it is. Each month we pay money directly into their bank account to cover rent. We do have a contract though that they had written up.

    Given the above, would it be safe to say their contract is completely worthless? I assume they're breaking the law?
    :eek: Blimey!
  • bobbarley
    bobbarley Posts: 190 Forumite
    Haha I just noticed that!! LOL!
  • Paulos77
    Paulos77 Posts: 693 Forumite
    Part of the Furniture
    longtimelurker wrote: »
    :eek: Blimey!


    Haha, that was my thought too :)
    Comping again
  • asharon
    asharon Posts: 1,226 Forumite
    Part of the Furniture Combo Breaker
    It's still a little odd :)
    bobbarley wrote: »
    His and his girlfriend have moved to Australia,
    Nice to save.
  • mlz1413
    mlz1413 Posts: 2,971 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    agree with N79, they don't have to have a B2L mortgage.

    Is there a reason for asking? you say "would it be safe to say their contract is completely worthless?" which could indicate you are looking for a way out.
  • bobbarley
    bobbarley Posts: 190 Forumite
    edited 26 February 2010 at 2:41PM
    Yep, we're hoping to buy a house and want to get out of the contract one way or another.

    I'm still rather sure he has no permission re the mortgage, as he told me they're leaving the mortgage as it is until the end of the year, then plan to sort it out when their fixed term ends.

    The boiler has never been inspected and does not have a certificate. Also, the other day I found a live electrical connection covered up in the bathroom under the sink!
  • martindow
    martindow Posts: 10,536 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Do you have a UK address to serve notices for him?
  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The contract is not worthless in that it is binding between you and your landlord. However should he be repossessed the contract may not be binding between you and the lender.
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
  • bobbarley
    bobbarley Posts: 190 Forumite
    martindow wrote: »
    Do you have a UK address to serve notices for him?

    No, the only method of cummunication I have with him in e-mail, he doesn't even have an address in Australia as he's travelling.
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