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Change of address between exchange and completion

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I haven't seen any similar cases via the search function so I'd thought I start a thread.

I will be exchanging on a new property very soon and completion date is estimated for Oct/Nov 2019. My Assured Shorthold Tenancy (1 year fixed term) comes to an end imminently and the Landlord has indicated that they would like to replace with another 1 year fixed term rather than revert to a rolling contract. This obviously doesn't work for me, as signing up for another year when I only need 3-4 months isn't suitable, not to mention that I could be liable for remaining months of rent.

If we can't find any middle ground, I would potentially have to find an alternative short term flat after I have exchanged but before completion of my new build.

So my questions are:
  • If I change address/flat after I have exchanged, would this impact my existing mortgage offer in any way
  • If for any reason my new build is delayed and I have to renew my mortgage offer, would a change of address have an adverse impact. For example - new address not being immediately on electoral register as sometimes takes time to update etc.
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Comments

  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Can you ask for a break clause in month 6? That would be the middle ground.

    You wont find a short period tenancy unless you find a room to rent as a lodger.
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    Danz123 wrote: »
    I haven't seen any similar cases via the search function so I'd thought I start a thread.

    I will be exchanging on a new property very soon and completion date is estimated for Oct/Nov 2019. My Assured Shorthold Tenancy (1 year fixed term) comes to an end imminently and the Landlord has indicated that they would like to replace with another 1 year fixed term rather than revert to a rolling contract. - and? Tell them you appreciate their offer, but will continue with a rolling contract This obviously doesn't work for me, as signing up for another year when I only need 3-4 months isn't suitable, not to mention that I could be liable for remaining months of rent. - indeed, so refuse

    If we can't find any middle ground, I would potentially have to find an alternative short term flat after I have exchanged but before completion of my new build. - if you want to be accommodating to some stranger who's kicking you out of your home

    So my questions are:
    • If I change address/flat after I have exchanged, would this impact my existing mortgage offer in any way - maybe, given most rentals are 6 month minimum I don't see the benefit
    • If for any reason my new build is delayed and I have to renew my mortgage offer, would a change of address have an adverse impact. For example - new address not being immediately on electoral register as sometimes takes time to update etc. - yes, that would be the impact above


    just stay and tell the landlord, not ask, tell, that you will be staying on a periodic tenancy.
  • Danz123
    Danz123 Posts: 31 Forumite
    Comms69 wrote: »
    just stay and tell the landlord, not ask, tell, that you will be staying on a periodic tenancy.

    Thanks.

    But if the landlord refuses to accept a periodic tenancy, then what's to stop from simply serving an eviction notice? I don't have much leverage here.
  • Danz123
    Danz123 Posts: 31 Forumite
    foxy-stoat wrote: »
    Can you ask for a break clause in month 6? That would be the middle ground.

    You wont find a short period tenancy unless you find a room to rent as a lodger.

    And this could be an option, but I balk at the idea of having to pay a few thousand in rent for a couple of months I may not need. I'm mostly concerned about the impact of changing address to my mortgage offer or mortgage renewal if that happens.
  • Comms69
    Comms69 Posts: 14,229 Forumite
    10,000 Posts Third Anniversary Name Dropper
    Danz123 wrote: »
    Thanks.

    But if the landlord refuses to accept a periodic tenancy, then what's to stop from simply serving an eviction notice? I don't have much leverage here.



    You really do.


    Yes they serve notice, and then what?


    Eviction takes 6-9 months (and has no bearing at all on your credit rating)
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
    Part of the Furniture 10,000 Posts
    Comms69 wrote: »
    just stay and tell the landlord, not ask, tell, that you will be staying on a periodic tenancy.

    This. As long as the new home build is not unduly delayed you hold all the cards.
  • Danz123
    Danz123 Posts: 31 Forumite
    Comms69 wrote: »
    You really do.


    Yes they serve notice, and then what?


    Eviction takes 6-9 months (and has no bearing at all on your credit rating)

    It's somewhat of a hostile move though isn't it? I've had a good relationship with my landlord thus far. I would probably also wave goodbye to my deposit. But I grant you, it's an option.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Danz123 wrote: »
    It's somewhat of a hostile move though isn't it? I've had a good relationship with my landlord thus far. I would probably also wave goodbye to my deposit. But I grant you, it's an option.

    It's not hostile.
    It's business.

    You can't wave goodbye to your deposit. That's untouchable except for genuine damages you cause during your occupancy. They can't just hold onto it as you pee'd them off when you didn't accept their offer of a further full year.
  • m0bov
    m0bov Posts: 2,694 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You will go onto a rolling automatically, even if they do try and evict it can take 6 months.
  • gingercordial
    gingercordial Posts: 1,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Danz123 wrote: »
    It's somewhat of a hostile move though isn't it? I've had a good relationship with my landlord thus far. I would probably also wave goodbye to my deposit. But I grant you, it's an option.

    It's equally hostile for them to want to throw you out of your home over them not wanting to be flexible for a couple of months.

    Rolling is your legal right and it is automatic. Do nothing, stay put and pay rent as usual the day after your fixed term expires, and there you are, you're on rolling. There's nothing they can do to stop you.

    As others have said, if they are then petty enough to serve you notice you still don't have to leave and it will take months and months to evict. In the meantime you don't care about references as you're buying, and your deposit is safe (obviously if they do try to take it, fight them through the scheme which is what it's for).

    Once again, this is your home and this is your legal right. It isn't hostile to stand up for your rights.

    You have the power!
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