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Buying the flat we currently rent
larsony
Posts: 38 Forumite
Hello everyone!
Does anyone know what my rights are if I want to buy the flat I currently rent. I live in London and me and my girlfriend rent a room in a shared house. It's an ex-council flat which is owned by a private landlord who lives in Hong Kong. We've lived here for two and a half years. It's not the best flat in the world but we're used to the area and the location is fantastic.
I've come into some money which will enable us to buy a small place. It's not THAT much so we're restricted to looking at other local authority flats. They all seem over-priced and aimed at buy to let landlords. It's made us realise that our rented flat isn't so bad after all - in fact, if we could, we would buy it (we're pretty sure it would be within budget).
I suppose I could make my landlord an offer but I'm worried he'd see a way of making a quick buck and ramp the price up. Do I have any legal rights over the property, considering I've lived here so long?
Thanks
Does anyone know what my rights are if I want to buy the flat I currently rent. I live in London and me and my girlfriend rent a room in a shared house. It's an ex-council flat which is owned by a private landlord who lives in Hong Kong. We've lived here for two and a half years. It's not the best flat in the world but we're used to the area and the location is fantastic.
I've come into some money which will enable us to buy a small place. It's not THAT much so we're restricted to looking at other local authority flats. They all seem over-priced and aimed at buy to let landlords. It's made us realise that our rented flat isn't so bad after all - in fact, if we could, we would buy it (we're pretty sure it would be within budget).
I suppose I could make my landlord an offer but I'm worried he'd see a way of making a quick buck and ramp the price up. Do I have any legal rights over the property, considering I've lived here so long?
Thanks
0
Comments
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No, you don't have any legal rights to buy it. However IF the landlord was wanting to sell, they'd save on marketing and EA fees.
Make an offer, if refused look elsewhere.0
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