We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Advice on giving up tenancy agreement early
Options
soki91
Posts: 12 Forumite
Hello,
In need of advice about giving up our Assured shorthold tenancy agreement early. We only renewed in April 2016 for 12 months. We've lived here for the last 18months. We've have an opportunity to get a mortgage as we have been given a lump sum as part of compensation this would be enough for a 10-15% deposit. We've had a brief conversation with a mortgage advisor and we are in a good position
No debts and nothing on out credit files that should affect an application. The only reason we never considered it before was due to not enough deposit. We have a good relationship with our landlord and hoping they will understand and allow us to surrender the property early. We were thinking of offering 2 months notice instead of 1 month or offering to pay any fees associated such as re advertising? Do you think this this could help at all? What's the likelihood of them not agreeing at all?
It's early stages I know but wanted to see where we stand before proceeding any further.
Thanks
In need of advice about giving up our Assured shorthold tenancy agreement early. We only renewed in April 2016 for 12 months. We've lived here for the last 18months. We've have an opportunity to get a mortgage as we have been given a lump sum as part of compensation this would be enough for a 10-15% deposit. We've had a brief conversation with a mortgage advisor and we are in a good position
No debts and nothing on out credit files that should affect an application. The only reason we never considered it before was due to not enough deposit. We have a good relationship with our landlord and hoping they will understand and allow us to surrender the property early. We were thinking of offering 2 months notice instead of 1 month or offering to pay any fees associated such as re advertising? Do you think this this could help at all? What's the likelihood of them not agreeing at all?
It's early stages I know but wanted to see where we stand before proceeding any further.
Thanks
0
Comments
-
Hello,
In need of advice about giving up our Assured shorthold tenancy agreement early. We only renewed in April 2016 for 12 months. We've lived here for the last 18months. We've have an opportunity to get a mortgage as we have been given a lump sum as part of compensation this would be enough for a 10-15% deposit. We've had a brief conversation with a mortgage advisor and we are in a good position
No debts and nothing on out credit files that should affect an application. The only reason we never considered it before was due to not enough deposit. We have a good relationship with our landlord and hoping they will understand and allow us to surrender the property early. We were thinking of offering 2 months notice instead of 1 month or offering to pay any fees associated such as re advertising? Do you think this this could help at all? What's the likelihood of them not agreeing at all?
It's early stages I know but wanted to see where we stand before proceeding any further.
Thanks
The only way you'll find out is by talking to the landlord.
Do you have a break clause? You may be able to break the contract at the 6 month point.:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
The contract doesn't mention any break clause.0
-
Never know unless you ask and offering pay fees associated should help.0
-
Does anyone have any idea of how much the fees could be?0
-
Invite him to tea - maybe in July for a 3month inspection at same time?
Buy/bake a cake. Have a chat. Broach the subject and see what reaction you get. The make your offer(s) acordingly eg
* 2 months notice
* 2 months rent
* cost of advertising
* rent till new tenant in situ (put a limit of some kind on this though!
etc
Worst that can happen is that he eats your cake and then says no!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards