Letter from LL's mortgage company

StudentMoneySaver

Hi,

I received a letter from my Landlord's mortgage company, it was addressed to 'the occupier' and asked me to contact them about my tenancy. Obviously they won't be open again until Tuesday so for peace of mind I was wondering if anyone could shed any light about what they could want. I can only think of two likely scenarios that would cause them to contact me; they're repossessing the property or the landlord is selling up.

I'm not sure if anyone else in the building received the letter but I'll ask if I see anyone,

Thank you.

Soot2006

Most likely of all is that they're trying to work out who is living in the property and what tenancy agreement they might have. This could be for a variety of reasons and it's very likely they won't be at liberty to tell you over the phone so maybe ask the LL?

BitterAndTwisted

Yep, they're either repossessing or the landlord is selling up. Actually cancel that, no mortgage company would contact a tenant if the landlord is selling: that's for the landlord to sort out and most lenders wouldn't care if the property is let if the LL has consent to let. Get saving for your new deposit and month's rent in advance for your onward move would be my advice

StudentMoneySaver

As long as it doesn't mean I have to leave before I'm ready to, I'm to to bothered about the reason. I posted about my landlord and his letting agent a few weeks ago, he's a complete rogue and uses intimidation and dirty tricks to get his own way.

When I contact the mortgage company, I'll let them know about the problems I've had with him and his band of merry idiots. I don't expect they'll do anything but it might be worth getting it on record.

StudentMoneySaver

BitterAndTwisted wrote: »

Yep, they're either repossessing or the landlord is selling up. Actually cancel that, no mortgage company would contact a tenant if the landlord is selling: that's for the landlord to sort out and most lenders wouldn't care if the property is let if the LL has consent to let. Get saving for your new deposit and month's rent in advance for your onward move would be my advice

I've already made arrangements to move back home with family when the tenancy ends. They attempted to increase my rent illegally within fixed term then used their break clause to get me out and a new one in, according to rightmove and other sites they advertised it for £50 less than they tried to increase my rent by, so they'll probably pull the same stunt again with the new tenant.

caeler

StudentMoneySaver wrote: »

As long as it doesn't mean I have to leave before I'm ready to

If its repossession then it means exactly that. As others have said, make sure you can bring your plans to move on sooner if you have to forward.

StudentMoneySaver

Everything is flexible (albeit slightly inconvenient), it might be better if I left earlier because I have a bunch of exams near the end of the contract.

I have a nagging feeling that it won't be a repossession but something trivial.

Ulfar

For a mortgage company to contact an occupier who isn't the owner it won't be trivial.

It is a repossession where the owner has consent to let and they need to know how long your tenancy is for so they can give you notice.

If he didn't have consent to let they would just repossess and turf you out.

I would ring them.

StudentMoneySaver

It's annoying that I have to wait until Tuesday to find out what's going on, unless they are manning the phones tomorrow or Monday.

The consensus seems to be repossession and I can't think of any circumstances other than that.

RX-78

May be a long shot but just be careful its not a new form of scam. Lender contacting tenant sounds unusual.

I suggest double checking the lender's phone number on internet and not using the number on the letter when you are calling to sort it out. Might just be my paranoia mind....

DVardysShadow

StudentMoneySaver wrote: »

It's annoying that I have to wait until Tuesday to find out what's going on, unless they are manning the phones tomorrow or Monday.

The consensus seems to be repossession and I can't think of any circumstances other than that.

A letter from the lender to the occupier can only be about a repo ...

RX-78 wrote: »

May be a long shot but just be careful its not a new form of scam. Lender contacting tenant sounds unusual.

I suggest double checking the lender's phone number on internet and not using the number on the letter when you are calling to sort it out. Might just be my paranoia mind....

... unless it is not from the Lender. Good thinking RX-78