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Mortgage company checking on tenants
DD137
Posts: 10 Forumite
Hi all.
I had a visit from someone from 'Property Services Partnership' this morning. They were representing my landlords mortgage company and wanted to check who was living at the property and who the letting agent is. Is this normal? Or should I be worried?
I had a visit from someone from 'Property Services Partnership' this morning. They were representing my landlords mortgage company and wanted to check who was living at the property and who the letting agent is. Is this normal? Or should I be worried?
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Comments
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Have you done anything to be worried about?I am a LandLord,(under review) so there!:p0
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If it is this company http://www.pspplc.co.uk/bvisit.php
then they act for the lender when a borrower is in financial trouble/arrears.
You do not have to worry if this is the company. They are looking to check that you have a tenancy agreement and are actually living at the property. This is probably to check that the landlord has told his lender the truth ie. that he is getting rent on a regular basis from the property.
Nothing to worry about at this stage. They act for the lender to try and prevent the client (ie your landlord) from being taken to court.0 -
The only time I have heard of Property Services Partnership (PSP) is to do with debt management, is it possible your landlord could be in rent arrears (you probably wouldn't know even if he was).
The Credit Services Association (CSA) has PSP listed as a debt collection and management agent, who trade under the umbrella company of Clarity Credit Management.0 -
pmlindyloo wrote: »If it is this company
then they act for the lender when a borrower is in financial trouble/arrears.
You do not have to worry if this is the company. They are looking to check that you have a tenancy agreement and are actually living at the property. This is probably to check that the landlord has told his lender the truth ie. that he is getting rent on a regular basis from the property.
Nothing to worry about at this stage. They act for the lender to try and prevent the client (ie your landlord) from being taken to court.
Thats the one!The only time I have heard of Property Services Partnership (PSP) is to do with debt management, is it possible your landlord could be in rent arrears (you probably wouldn't know even if he was).
The Credit Services Association (CSA) has PSP listed as a debt collection and management agent, who trade under the umbrella company of Clarity Credit Management.
Thats what I was worried about, maybe he has missed his mortgage payments. I know he lost his job a while ago and he has had trouble finding money for repairs etc.0 -
My understanding is the PSP could be either acting for the mortgage company or for the landlord. It might just be worth a courtesy call to your landlord to let him know they've been out.0
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If things turn nasty, this post be useful:
Repossession (What happens if a landlord's mortgage lender repossesses the property?)0
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