Ex died and has apparently had a lodger in our jointly owned house

niallmitch

A developer would only offer a price he can make money on, normally around 25% below market value. You should get some estate agents round to give you a market value

Yorkshireman99

J20BABY wrote: »

Update on this in case anyone is interested. The house has been put in my name and the lodger has said he will move out when I ask. I'm not getting any rent but I understand that he is paying the exes parents. They've told him they're keeping it to pay for the funeral costs.

Additionally I had the house 'valued' by a property developer, he offered me 10k less than the mortgage redemption cost. I am pretty much screwed.

The rent is due to you not anybody else.

RAS

Yorkshireman99 wrote: »

The rent is due to you not anybody else.

But that would leave the OP needing to ensure that she had complied with the legal responsibilities of a LL such as Gas Safety Certificates, legal periods of notice and deposit regulations. If the lodger decided to get difficult, he could bring in Environmental Health.

OP, I would suggest getting three estate agents in to value the property as is. Then consider auctions with the reserve price high enough to redeem the mortgage and other costs.

You will need vacant possession prior to the auction.

dancingfairy

Do you think the druggie mate will actually leave when asked?
Very few people will buy with someone in residence unless they want to be a landlord so you will need vacant possession.
Can you go back to developer and explain the minimum you will accept is x amount? His first offer may well have been a low, cheeky offer.
Df

J20BABY

I've had 2 estate agents round today to value. Should hear in the next couple of days. I've also asked for any rent to be paid into my daughters account. I won't touch it unless absolutely necessary.
Thank you for all the replies. It really helps. I've been struggling with coping with it all If I'm honest.

dancingfairy

You might want to take advice on accepting rent money as this may create a new tenancy and give the druggie another 6 months plus in the house.
I'm sure if you hop over to the house buying, selling and renting board on here they will steer you in the right direction.
Df

NotRichAtAll

put the rent up to a ridiculous amount