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Giving my landlord notice
leereni
Posts: 377 Forumite
I am currently going through a mortgage application, which my advisor believes I should have no problems passing.
In terms of giving my landlord notice, when should I look to give notice? I was looking at giving a week overlap to move etc. what happens if the application falls through?
In terms of giving my landlord notice, when should I look to give notice? I was looking at giving a week overlap to move etc. what happens if the application falls through?
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Comments
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Have you got a date fro completion, sounds as though you aren't near exchanging as yet as you haven't got a mortgage.
Have you got a solicitor yet, sounds as though you might be some time away from moving.0 -
Until you exchange contracts , you have no commitment either way, so the whole thing could collapse and you could then be homeless, I would advise wait till exchange, unless you have a fallback of being able to move in with parents or friends.I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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I've got a solicitor and mortgage app seems near completion.
Not sure about the whole process. When does my mortgage start? I don't want to leave it so that I'll be paying for rent and mortgage together for too long.0 -
Set the completion date a couple of weeks after exchange, once you have exchange give your notice in, You then should only have a small window to move then clean up. However it's always worth giving your landlord a heads up as your intentions so he can get his ducks in a row.0
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What sort of tenancy are you on? Is it a fixed term or a statutory tenancy?"If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools"
Extract from "If" by Rudyard Kipling0 -
Statutory tenancy. I've given my landlord a heads up already.0
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By telling your landlord already he/she will want to market the rental property and find a new tenant ASAP so they have no void periods when the property is empty.
It maybe a great time to find a new tenant NOW rather than wait 8/10 weeks because you are not ready to move yet.
It would be better to pay rent and mortgage for 4/5 weeks rather than being homeless!!
You only need to give one calander months notice to run inline with when your tenancy started0 -
My telling your landlord already he/she will want to market the rental property and find a new tenant! ASAP so no void periods when property empty.
Now it maybe a great time to find a new tenant NOW rather than wait 8/10 weeks because you are not ready to move yet.
it is better to be paying rent and mortgage for 4/5 weeks rather than being homeless!!
You only need to give one calander months notice to run inline with when your tenancy started
A polite reminder to review your post before hitting the submit button.
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Sorry I have altered my post so it makes sense I think.
Typing at work and sometimes have to rush out and do some work!0
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