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Rented property being repossessed! What's my options?
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Can you answer a few questions about this situation to make things clearer (apologies if you have already covered them):
1 - Just before the offer to swap, at your old rented property, was the tenancy agreement on a one month rolling or a fixed term AST?
2 - For your old rented property, have you received the full deposit back?
3 - For your current/new rented property, is your deposit protected?
4 - Can you check with your LL (in writing) if he has permission from the lender to rent the current property?
5 - Can you check with your LL (in writing) that in case the lender repossess the current rented property, will the LL rent you the old property for the remainder of your current AST period and pay for all the consequential financial losses?
6 - Can you check with LL (in writing) if he/she has any objection against you contacting the lender and sharing your AST tenancy agreement? (I presume that you would have received letter at your current address from the mortgage lender)
My advice:
A - Under all circumstances, pay your rent on time.
B - Contact Shelter
C - Go to court hearing with all the paperwork (including tenancy agreement and copy of communication with LL)0
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