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!

Seller will only sell to cash buyers - what is he hiding?

Options
2»

Comments

  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Sub-standard loft conversion?
    Changing the world, one sarcastic comment at a time.
  • Housebuy12345
    Housebuy12345 Posts: 211 Forumite
    @davidmnc I would just serve them with notice to move out?
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Housebuy12345 wrote: »
    @davidmnc I would just serve them with notice to move out?
    And if the notice is invalid, due to the previous landlord's failings?

    B'sides, that just gives you a bare minimum of two months as their landlord after completion...
  • hb2
    hb2 Posts: 1,399 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Housebuy12345 wrote: »
    @davidmnc I would just serve them with notice to move out?

    You wouldn't get a residential mortgage with a tenant in situ. Giving a tenant notice, even if that notice is valid, could lead to a court case, further costs and a good few months before the property is vacant.
    It's not difficult!
    'Wander' - to walk or move in a leisurely manner.
    'Wonder' - to feel curious.
  • SallyDucati
    SallyDucati Posts: 573 Forumite
    Seventh Anniversary 500 Posts Name Dropper
    Do you know the Gorton area? As you say not the best. Personally if I could afford more I wouldn't buy there.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    AdrianC wrote: »
    And if the notice is invalid, due to the previous landlord's failings?

    B'sides, that just gives you a bare minimum of two months as their landlord after completion...

    Err no....
    If the tenant refuses to move out (as commonly advised on here) then you’d need to apply to the court for an eviction notice.
    My landlord friends tell me round my way there’s a 4 month delay for court dates, could be better or worse where you are but basically could be a long delay and cost.

    Worst case the unhappy tenant could do damage or you could find the place infested which is a difficult/costly/lengthy issue to solve.

    So not quite as simple to evict someone as you seem to believe potentially if they decide to be unco-operative.

    They might just leave, but here you have an unquantifiable risk.
  • agrinnall
    agrinnall Posts: 23,344 Forumite
    10,000 Posts Combo Breaker
    lisyloo wrote: »
    Err no....


    Err yes...


    Because that's the minimum notice that the LL would have to give, which the tenants could comply with. All the rest of your post only applies if they decide not to leave, but doesn't invalidate Adrian's comment.
  • Housebuy12345
    Housebuy12345 Posts: 211 Forumite
    @SallyDucati It will be the new Levy lol. I would like suggestions as I’m reaching a brick wall.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    agrinnall wrote: »
    Err yes...


    Because that's the minimum notice that the LL would have to give, which the tenants could comply with. All the rest of your post only applies if they decide not to leave, but doesn't invalidate Adrian's comment.

    So to clarify you only have to give the minimum notice which may or may not be 2 months (I’m pretty my fixed term contract is fixed) but there isn’t a guarantee the tenant will comply and may have to be forced out.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    lisyloo wrote: »
    So to clarify you only have to give the minimum notice which may or may not be 2 months (I’m pretty my fixed term contract is fixed) but there isn’t a guarantee the tenant will comply and may have to be forced out.
    *ding*

    Like I said - bare minimum is two months of being a landlord after you buy the place.

    It may be effectively indefinite, however, if the tenancy has had previous breaches which would invalidate any s21.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture