We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
How to find an investor?
Comments
-
Would that be a protected tenancy? If it is then no LL or lender would touch such a property with a proverbial bargepole.
http://www.landlordlawblog.co.uk/2010/11/02/let%E2%80%99s-hear-it-for-protected-tenancies/
BTW, I doubt the OP will find a buyer who needs a mortgage would every agree to what is proposed. Basically it has to be a AST for the lender.
No, I don't think a fixed term of 7+ years would make it a protected tenancy. I'll have another look to see if I can find some evidence that I haven't completely made this up.
0 -
...and if your son stops paying the rent for any reason? Or something happens to the house? What then?0
-
Landlordzone
I agree with others. Chances of finding an investor willing to commit as you wish are effectively nil.These are the defining lengths of the term where matters can change:-- For a term of 3 years or under it does not have to be witnessed and can be drawn up by a landlord & tenant quite simply.
- Over 3 years then it does have to be signed as a deed and witnessed.
- If you want to grant a tenancy of more than 7 years then you should use a tenancy at common law as you could make a tenant responsible for all repairs if you wanted to! (quite common in commercial tenancies). You would need to ensure it does not come under the Landlord & Tenant Act 1954 or you could be stuck with the tenant. (Over 7 years must also be registered with Land Registry)
- For tenancies over 21 years then different rules apply.
0 -
Landlordzone
I agree with others. Chances of finding an investor willing to commit as you wish are effectively nil.
DISCO! That's what I was thinking of, glad to know I didn't just imagine it.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards