Paying tenant to leave

mortgagetakingages

Lover_of_Lycra said:

mortgagetakingages said: 

Bex_27 said:

I believe the plLover_of_Lycra said:

Bex_27 said:

Hi all, me and my partner found our dream house, we put the holding fee down and have been approved a mortgage. I’m a FTB but he is not and is in the process of being removed from his ex’s tenancy. On Friday, we learnt that there had been a major delay. She was unable to obtain a Buy to Let mortgage and therefore the current tenant has been giving six months notice. She is working to get him out sooner but this a major blow for us as we can’t use HTB and get our mortgage unless he comes off it! So, we are thinking of proposing giving the tenant a generous lump sum (up to £1k) to leave by the end of November. Has anyone done something similar? We feel so bad for this person stuck in the middle and hope that this would move things along. We need our mortgage sorted by March you see!

Giving the tenant a cash incentive to agree to a mutual surrender of the tenancy is absolutely something you can put to the tenant.  However, I'm not sure that will help the situation.  The tenant goes and then what?  If the property is let then the ex clearly isn't living there so what kind of mortgage would she obtain?  Not a BTL because she apparently can't get one and not a residential mortgage either because she doesn't reside there or is the plan for her to move back into the property or is the property to be sold?

I believe the plan is she moves back in, she’s getting a personal mortgage. She has secured it but due to the cladding they have down valued it, which is still fine as it’s worth more than the mortgage.  In the letter from the solicitor it says she can have the mortgage and it can complete as soon as the tenant is out of there. I’ve heard the term ‘cash for keys’, seems like a common thing. Unfortunately due to the legal side we can’t contact her to sort out easily, which is a nightmare! 

The tenant having 6 months to leave is strange at 6 months is usually the max notice unless they have just moved in. 

If i were you i would offer a month's rent for every month they move out early up to a max of 3 months. So if they leave in next 30 days they get 1650 leave between 31- 60 they get 1100 etc.

This might help motivate

6 months is the new normal.  The government extended the notice period to 3 months under the Coronavirus Act 2020 and extended it again to 6 months for all notice served from 31st August 2020.

Aha that explains it! 

Bex_27

mortgagetakingages said:

Lover_of_Lycra said:

mortgagetakingages said: 

Bex_27 said:

I believe the plLover_of_Lycra said:

Bex_27 said:

Hi all, me and my partner found our dream house, we put the holding fee down and have been approved a mortgage. I’m a FTB but he is not and is in the process of being removed from his ex’s tenancy. On Friday, we learnt that there had been a major delay. She was unable to obtain a Buy to Let mortgage and therefore the current tenant has been giving six months notice. She is working to get him out sooner but this a major blow for us as we can’t use HTB and get our mortgage unless he comes off it! So, we are thinking of proposing giving the tenant a generous lump sum (up to £1k) to leave by the end of November. Has anyone done something similar? We feel so bad for this person stuck in the middle and hope that this would move things along. We need our mortgage sorted by March you see!

Giving the tenant a cash incentive to agree to a mutual surrender of the tenancy is absolutely something you can put to the tenant.  However, I'm not sure that will help the situation.  The tenant goes and then what?  If the property is let then the ex clearly isn't living there so what kind of mortgage would she obtain?  Not a BTL because she apparently can't get one and not a residential mortgage either because she doesn't reside there or is the plan for her to move back into the property or is the property to be sold?

I believe the plan is she moves back in, she’s getting a personal mortgage. She has secured it but due to the cladding they have down valued it, which is still fine as it’s worth more than the mortgage.  In the letter from the solicitor it says she can have the mortgage and it can complete as soon as the tenant is out of there. I’ve heard the term ‘cash for keys’, seems like a common thing. Unfortunately due to the legal side we can’t contact her to sort out easily, which is a nightmare! 

The tenant having 6 months to leave is strange at 6 months is usually the max notice unless they have just moved in. 

If i were you i would offer a month's rent for every month they move out early up to a max of 3 months. So if they leave in next 30 days they get 1650 leave between 31- 60 they get 1100 etc.

This might help motivate

6 months is the new normal.  The government extended the notice period to 3 months under the Coronavirus Act 2020 and extended it again to 6 months for all notice served from 31st August 2020.

Aha that explains it! 

Yeah, it’s the new COVID rule. We are offering him up to £1,000 from our side and the ex can always offer more, she is getting the property and we are only walking away with £5k but we didn’t want to fight it, it would of cost thousands. Unfortunately if we don’t sort this out by end of Feb, we lose our house, so by offering this money we hope it helps. He has to move out anyways so he either moves out with money or waits six months and doesn’t his ex partner is trying to get him to move sooner too. It’s just a shame we can’t pick up the phone and discuss it with her 😫😫

[Deleted User]

Bex_27 said:

mortgagetakingages said:

Lover_of_Lycra said:

mortgagetakingages said: 

Bex_27 said:

I believe the plLover_of_Lycra said:

Bex_27 said:

Hi all, me and my partner found our dream house, we put the holding fee down and have been approved a mortgage. I’m a FTB but he is not and is in the process of being removed from his ex’s tenancy. On Friday, we learnt that there had been a major delay. She was unable to obtain a Buy to Let mortgage and therefore the current tenant has been giving six months notice. She is working to get him out sooner but this a major blow for us as we can’t use HTB and get our mortgage unless he comes off it! So, we are thinking of proposing giving the tenant a generous lump sum (up to £1k) to leave by the end of November. Has anyone done something similar? We feel so bad for this person stuck in the middle and hope that this would move things along. We need our mortgage sorted by March you see!

Giving the tenant a cash incentive to agree to a mutual surrender of the tenancy is absolutely something you can put to the tenant.  However, I'm not sure that will help the situation.  The tenant goes and then what?  If the property is let then the ex clearly isn't living there so what kind of mortgage would she obtain?  Not a BTL because she apparently can't get one and not a residential mortgage either because she doesn't reside there or is the plan for her to move back into the property or is the property to be sold?

I believe the plan is she moves back in, she’s getting a personal mortgage. She has secured it but due to the cladding they have down valued it, which is still fine as it’s worth more than the mortgage.  In the letter from the solicitor it says she can have the mortgage and it can complete as soon as the tenant is out of there. I’ve heard the term ‘cash for keys’, seems like a common thing. Unfortunately due to the legal side we can’t contact her to sort out easily, which is a nightmare! 

The tenant having 6 months to leave is strange at 6 months is usually the max notice unless they have just moved in. 

If i were you i would offer a month's rent for every month they move out early up to a max of 3 months. So if they leave in next 30 days they get 1650 leave between 31- 60 they get 1100 etc.

This might help motivate

6 months is the new normal.  The government extended the notice period to 3 months under the Coronavirus Act 2020 and extended it again to 6 months for all notice served from 31st August 2020.

Aha that explains it! 

Yeah, it’s the new COVID rule. We are offering him up to £1,000 from our side and the ex can always offer more, she is getting the property and we are only walking away with £5k but we didn’t want to fight it, it would of cost thousands. Unfortunately if we don’t sort this out by end of Feb, we lose our house, so by offering this money we hope it helps. He has to move out anyways so he either moves out with money or waits six months and doesn’t his ex partner is trying to get him to move sooner too. It’s just a shame we can’t pick up the phone and discuss it with her 😫😫

The notice is just notice that the landlord might go to court to get a possession order.  The notice itself does not end the tenancy and can you imagine what the backlog for possession orders is looking like at the moment.  I'd say that legally speaking that tenant won't have to go anywhere for at least a year.

Bex_27

Lover_of_Lycra said:

Bex_27 said:

mortgagetakingages said:

Lover_of_Lycra said:

mortgagetakingages said: 

Bex_27 said:

I believe the plLover_of_Lycra said:

Bex_27 said:

Hi all, me and my partner found our dream house, we put the holding fee down and have been approved a mortgage. I’m a FTB but he is not and is in the process of being removed from his ex’s tenancy. On Friday, we learnt that there had been a major delay. She was unable to obtain a Buy to Let mortgage and therefore the current tenant has been giving six months notice. She is working to get him out sooner but this a major blow for us as we can’t use HTB and get our mortgage unless he comes off it! So, we are thinking of proposing giving the tenant a generous lump sum (up to £1k) to leave by the end of November. Has anyone done something similar? We feel so bad for this person stuck in the middle and hope that this would move things along. We need our mortgage sorted by March you see!

Giving the tenant a cash incentive to agree to a mutual surrender of the tenancy is absolutely something you can put to the tenant.  However, I'm not sure that will help the situation.  The tenant goes and then what?  If the property is let then the ex clearly isn't living there so what kind of mortgage would she obtain?  Not a BTL because she apparently can't get one and not a residential mortgage either because she doesn't reside there or is the plan for her to move back into the property or is the property to be sold?

I believe the plan is she moves back in, she’s getting a personal mortgage. She has secured it but due to the cladding they have down valued it, which is still fine as it’s worth more than the mortgage.  In the letter from the solicitor it says she can have the mortgage and it can complete as soon as the tenant is out of there. I’ve heard the term ‘cash for keys’, seems like a common thing. Unfortunately due to the legal side we can’t contact her to sort out easily, which is a nightmare! 

The tenant having 6 months to leave is strange at 6 months is usually the max notice unless they have just moved in. 

If i were you i would offer a month's rent for every month they move out early up to a max of 3 months. So if they leave in next 30 days they get 1650 leave between 31- 60 they get 1100 etc.

This might help motivate

6 months is the new normal.  The government extended the notice period to 3 months under the Coronavirus Act 2020 and extended it again to 6 months for all notice served from 31st August 2020.

Aha that explains it! 

Yeah, it’s the new COVID rule. We are offering him up to £1,000 from our side and the ex can always offer more, she is getting the property and we are only walking away with £5k but we didn’t want to fight it, it would of cost thousands. Unfortunately if we don’t sort this out by end of Feb, we lose our house, so by offering this money we hope it helps. He has to move out anyways so he either moves out with money or waits six months and doesn’t his ex partner is trying to get him to move sooner too. It’s just a shame we can’t pick up the phone and discuss it with her 😫😫

The notice is just notice that the landlord might go to court to get a possession order.  The notice itself does not end the tenancy and can you imagine what the backlog for possession orders is looking like at the moment.  I'd say that legally speaking that tenant won't have to go anywhere for at least a year.

The notice has been served to the current tenant and they have to leave with 6 months. I have seen something called 'Cash for Keys' and it seems to be a thing that people do to get people out soon, it's an incentive I guess. Legally, they obviously don't have to agree but if they don't agree they don't get the money. I guess it will just depend on their circumstances. We are speaking to the ex-partners solicitors in the morning and sending over a letter to propose our offer.

[Deleted User]

Bex_27 said:

Lover_of_Lycra said:

Bex_27 said:

mortgagetakingages said:

Lover_of_Lycra said:

mortgagetakingages said: 

Bex_27 said:

I believe the plLover_of_Lycra said:

Bex_27 said:

Hi all, me and my partner found our dream house, we put the holding fee down and have been approved a mortgage. I’m a FTB but he is not and is in the process of being removed from his ex’s tenancy. On Friday, we learnt that there had been a major delay. She was unable to obtain a Buy to Let mortgage and therefore the current tenant has been giving six months notice. She is working to get him out sooner but this a major blow for us as we can’t use HTB and get our mortgage unless he comes off it! So, we are thinking of proposing giving the tenant a generous lump sum (up to £1k) to leave by the end of November. Has anyone done something similar? We feel so bad for this person stuck in the middle and hope that this would move things along. We need our mortgage sorted by March you see!

Giving the tenant a cash incentive to agree to a mutual surrender of the tenancy is absolutely something you can put to the tenant.  However, I'm not sure that will help the situation.  The tenant goes and then what?  If the property is let then the ex clearly isn't living there so what kind of mortgage would she obtain?  Not a BTL because she apparently can't get one and not a residential mortgage either because she doesn't reside there or is the plan for her to move back into the property or is the property to be sold?

I believe the plan is she moves back in, she’s getting a personal mortgage. She has secured it but due to the cladding they have down valued it, which is still fine as it’s worth more than the mortgage.  In the letter from the solicitor it says she can have the mortgage and it can complete as soon as the tenant is out of there. I’ve heard the term ‘cash for keys’, seems like a common thing. Unfortunately due to the legal side we can’t contact her to sort out easily, which is a nightmare! 

The tenant having 6 months to leave is strange at 6 months is usually the max notice unless they have just moved in. 

If i were you i would offer a month's rent for every month they move out early up to a max of 3 months. So if they leave in next 30 days they get 1650 leave between 31- 60 they get 1100 etc.

This might help motivate

6 months is the new normal.  The government extended the notice period to 3 months under the Coronavirus Act 2020 and extended it again to 6 months for all notice served from 31st August 2020.

Aha that explains it! 

Yeah, it’s the new COVID rule. We are offering him up to £1,000 from our side and the ex can always offer more, she is getting the property and we are only walking away with £5k but we didn’t want to fight it, it would of cost thousands. Unfortunately if we don’t sort this out by end of Feb, we lose our house, so by offering this money we hope it helps. He has to move out anyways so he either moves out with money or waits six months and doesn’t his ex partner is trying to get him to move sooner too. It’s just a shame we can’t pick up the phone and discuss it with her 😫😫

The notice is just notice that the landlord might go to court to get a possession order.  The notice itself does not end the tenancy and can you imagine what the backlog for possession orders is looking like at the moment.  I'd say that legally speaking that tenant won't have to go anywhere for at least a year.

The notice has been served to the current tenant and they have to leave with 6 months. I have seen something called 'Cash for Keys' and it seems to be a thing that people do to get people out soon, it's an incentive I guess. Legally, they obviously don't have to agree but if they don't agree they don't get the money. I guess it will just depend on their circumstances. We are speaking to the ex-partners solicitors in the morning and sending over a letter to propose our offer.

No, the tenant does not have to leave with(in?) 6 months. A Section 21 notice, even if served correctly, which many are not, does not end the tenancy. A tenancy can only legally be ended by mutual surrender, which is what you’re considering, the tenant or a court. 

Bex_27

Lover_of_Lycra said:

Bex_27 said:

Lover_of_Lycra said:

Bex_27 said:

mortgagetakingages said:

Lover_of_Lycra said:

mortgagetakingages said: 

Bex_27 said:

I believe the plLover_of_Lycra said:

Bex_27 said:

Hi all, me and my partner found our dream house, we put the holding fee down and have been approved a mortgage. I’m a FTB but he is not and is in the process of being removed from his ex’s tenancy. On Friday, we learnt that there had been a major delay. She was unable to obtain a Buy to Let mortgage and therefore the current tenant has been giving six months notice. She is working to get him out sooner but this a major blow for us as we can’t use HTB and get our mortgage unless he comes off it! So, we are thinking of proposing giving the tenant a generous lump sum (up to £1k) to leave by the end of November. Has anyone done something similar? We feel so bad for this person stuck in the middle and hope that this would move things along. We need our mortgage sorted by March you see!

Giving the tenant a cash incentive to agree to a mutual surrender of the tenancy is absolutely something you can put to the tenant.  However, I'm not sure that will help the situation.  The tenant goes and then what?  If the property is let then the ex clearly isn't living there so what kind of mortgage would she obtain?  Not a BTL because she apparently can't get one and not a residential mortgage either because she doesn't reside there or is the plan for her to move back into the property or is the property to be sold?

I believe the plan is she moves back in, she’s getting a personal mortgage. She has secured it but due to the cladding they have down valued it, which is still fine as it’s worth more than the mortgage.  In the letter from the solicitor it says she can have the mortgage and it can complete as soon as the tenant is out of there. I’ve heard the term ‘cash for keys’, seems like a common thing. Unfortunately due to the legal side we can’t contact her to sort out easily, which is a nightmare! 

The tenant having 6 months to leave is strange at 6 months is usually the max notice unless they have just moved in. 

If i were you i would offer a month's rent for every month they move out early up to a max of 3 months. So if they leave in next 30 days they get 1650 leave between 31- 60 they get 1100 etc.

This might help motivate

6 months is the new normal.  The government extended the notice period to 3 months under the Coronavirus Act 2020 and extended it again to 6 months for all notice served from 31st August 2020.

Aha that explains it! 

Yeah, it’s the new COVID rule. We are offering him up to £1,000 from our side and the ex can always offer more, she is getting the property and we are only walking away with £5k but we didn’t want to fight it, it would of cost thousands. Unfortunately if we don’t sort this out by end of Feb, we lose our house, so by offering this money we hope it helps. He has to move out anyways so he either moves out with money or waits six months and doesn’t his ex partner is trying to get him to move sooner too. It’s just a shame we can’t pick up the phone and discuss it with her 😫😫

The notice is just notice that the landlord might go to court to get a possession order.  The notice itself does not end the tenancy and can you imagine what the backlog for possession orders is looking like at the moment.  I'd say that legally speaking that tenant won't have to go anywhere for at least a year.

The notice has been served to the current tenant and they have to leave with 6 months. I have seen something called 'Cash for Keys' and it seems to be a thing that people do to get people out soon, it's an incentive I guess. Legally, they obviously don't have to agree but if they don't agree they don't get the money. I guess it will just depend on their circumstances. We are speaking to the ex-partners solicitors in the morning and sending over a letter to propose our offer.

No, the tenant does not have to leave with(in?) 6 months. A Section 21 notice, even if served correctly, which many are not, does not end the tenancy. A tenancy can only legally be ended by mutual surrender, which is what you’re considering, the tenant or a court. 

Oh, I get you now! Sorry! He has been handed the notice and has accepted it. We will see!