Problems with rental property

Gorgeous_George

You cannot be evicted without a court order and there is a set timescale for this to be actioned.

Assuming your tenancy agreement doesn't specifically allow for increases to the rent, the LL cannot increase the rent until the end of year one. He needs to write to you at least two months before the rent increase.

Just tell the LL that you have an agreement and he needs to deal with his mortgage - not you.

If interest rates dropped would he lower the rent? I think not.

Best wishes



GG

debtnovice_2

thanks for all your input guys/gals. i'm not about to stop paying rent so that avenue is blocked!
i've just been told that the agent that the contract says

"It is agreed that after an initial period of six months, two months notice in writing may be served by either party to terminate this agreement"

the way i see this is that it's a solid 6 month contract and THEN the 2 month breakclasue comes into effect from either side. What the agents are saying is that the break clause comes into effect in month 4 so that notice can be given in month 4 for us to move out in month 6. I assumed that due to the word, "AFTER", it means that the initial 6 month period must be completed. what are your thoughts? personally i don't want to move out in month 6 (as the agent is saying) but in month 6 (which is the 6 month contract plus the 2 months notice required which is how i understand the contract)...... how do you read the above?

thanks

a010454

Maybe you should also check with the agency he can legally rent this property to you (ie has the correct mortgage). Write to them and ask for clarifiaction and withhold rent after 28 days if not received. If he has a BTL mortgage you wont be kicked out immediatly by the lender if the LL is reposessed. However if not, your out on the street.


What a bloody nasty and disgusting thing to suggest.!

abaxas

a010454 wrote:

Maybe you should also check with the agency he can legally rent this property to you (ie has the correct mortgage). Write to them and ask for clarifiaction and withhold rent after 28 days if not received. If he has a BTL mortgage you wont be kicked out immediatly by the lender if the LL is reposessed. However if not, your out on the street.


What a bloody nasty and disgusting thing to suggest.!

I suggest a method to protect him from eviction and I'm nasty.

This lad needs to make sure he has a roof over his head, feelings do not apply.

debtnovice_2

you're right about that, all i want to make sure is that i'm covered incase the worst happens!

BobProperty

a010454 wrote:

.....If he has a BTL mortgage you wont be kicked out immediatly by the lender if the LL is reposessed.....

Sorry to disagree but repossession is repossession. The court gives an order to the mortgage holder for possession, the mortgage type has nothing to do with it. The tenant will get notice of the court hearing in a letter addressed to "The Occupier" before hearings commence.

epz_2

the landlord is obviously in financial trouble.

now since the property is through a letting agent they would likely try and get as close to the market rate as possible meaning he aint likely to get much more if he does lose you as tenants, it could even get worse if the property becomes vacant.

now this is the funny bit where all the financial stocks and shares stuff about gearing makes sence in the real world, the greedy and stupid through the btl market have massivly increased their risk so while the market goes up they make lots of money, when it goes down or something goes wrong they are in serious trouble.

the nasty part of me who thinks it funny that some sucker who is a direct cause of house price inflation would then be inclined to be a complete sod.

you could either see if the landlord is willing to offer you compensation to move out early, he is 8x£400 short or £3200 during the period of your contract so say give me £1600 (or whatever period of rent this equates to) and ill go early to help you out.

or depending upon the housing market in your area and if you are in a position to buy, start getting finance in place for a morgage, wait for the next 2 predicted interest rate rises and you may be able to pick up a house before it gets reposessed. not sure about down south but in scotland the value of a house is also lower with tenants

Gorgeous_George

I'm sure the impact on house prices of BTL are minimal when compared to immigration, low interest rates and planning laws.


I don't believe that the LL is necessarily in financial trouble. House prices haven't crashed and interest rates haven't risen much. I do not believe that he can be in so much trouble.

From OP's post #13, it sounds like debtnovice is safe for 8 months as summised. I'm not sure that they can insist you give 2 months' notice.It's usually one month from you or two months from the LL.



GG

BobProperty

Gorgeous_George wrote:

.....I don't believe that the LL is necessarily in financial trouble. House prices haven't crashed and interest rates haven't risen much. I do not believe that he can be in so much trouble......

Yes of course, it's a BTL, nothing can go wrong, it's different this time.

Come on, there's loads of reasons why the landlord could be having financial problems, some of them enough to cause him to be in arrears on his mortgage or even at risk of repossession. Just in case anyone can't think of some: long term illness, divorce, job loss, business failure, redundancy.... OK?

clutton_2

why not ask the landlord if you can buy the house yourself ?