Ex wants to sell our property

Caz3121

Since you don't want to sell the property, are you in a position to take on a mortgage and buy him out. Although you may want to consider the costs and regulations of being an overseas landlord

Amazonia_2

I'll talk to a conveyancing solicitor tomorrow but always good to get general advice first.  Thank you everyone.

Amazonia_2

Caz3121 said:

Since you don't want to sell the property, are you in a position to take on a mortgage and buy him out. Although you may want to consider the costs and regulations of being an overseas landlord

I live and work overseas but it's not permanent.  Home will always be the UK.  We have family and property here.  I have someone in the UK who does our admin etc.

I don't want to sell because I want to safeguard the tenants and make my ex meet his obligations as a Landlord.    I haven't lived/worked in the UK for 10 years, so have no credit rating etc to take on new mortgage.
It's complicated but have to figure out a solution that suits everyone.

Amazonia_2

Caz3121 said:

Since you don't want to sell the property, are you in a position to take on a mortgage and buy him out. Although you may want to consider the costs and regulations of being an overseas landlord

My ex doesn't live in England either.  He's a very absent Landlord and hasn't been to the property in almost 8 years.  He has no real idea what state the property's in.

ElizabethRose

You don't want to sell to protect the tenants? I'm confused surely a new landlord would be in their interest as they may meet their legal responsibilities. 

It sounds like there is still a lot of emotion involved. If the UK is still your home even more reason to remote yourself financially. Forget what has happened and move to the future. I'd take the 10k and run.

GDB2222

I’d negotiate a higher figure and run.

[Deleted User]

Amazonia_2 said:

Caz3121 said:

Since you don't want to sell the property, are you in a position to take on a mortgage and buy him out. Although you may want to consider the costs and regulations of being an overseas landlord

I live and work overseas but it's not permanent.  Home will always be the UK.  We have family and property here.  I have someone in the UK who does our admin etc.

I don't want to sell because I want to safeguard the tenants and make my ex meet his obligations as a Landlord.    I haven't lived/worked in the UK for 10 years, so have no credit rating etc to take on new mortgage.
It's complicated but have to figure out a solution that suits everyone.

How are you going to make your ex meet his obligations as a landlord? 

What about the tax situation? I doubt your ex has registered for the non resident landlord scheme and I’ll bet the tenants haven’t been defecting the tax from the rent and declaring it to HMRC either.

davilown

Amazonia_2 said:

Caz3121 said:

Since you don't want to sell the property, are you in a position to take on a mortgage and buy him out. Although you may want to consider the costs and regulations of being an overseas landlord

I live and work overseas but it's not permanent.  Home will always be the UK.  We have family and property here.  I have someone in the UK who does our admin etc.

I don't want to sell because I want to safeguard the tenants and make my ex meet his obligations as a Landlord.    I haven't lived/worked in the UK for 10 years, so have no credit rating etc to take on new mortgage.
It's complicated but have to figure out a solution that suits everyone.

Hang on, aren’t you the owner of a property that’s being rented out? Surely you’re a landlord as well now?
if this has been like this for year, why haven’t you done anything about it? You can’t say you didn’t know or you forgot as you knew about the leaking roof for 9 years.
surely it’s now in the best interest of your tenant to have a new landlord who will take their responsibility serious and look after the property?

elsien

You can safeguard the tenants by alerting the relevant authorities.
 They didn’t have to have gone so long with all the issues; they could have got advice from CAB, gone to environmental health; found somewhere else to live.  

 If they are so vulnerable then the council would have a duty to help them, and quite frankly they sound like they’d be far better off well away from the place. 

Amazonia_2

elsien said:

You can safeguard the tenants by alerting the relevant authorities.
 They didn’t have to have gone so long with all the issues; they could have got advice from CAB, gone to environmental health; found somewhere else to live.  

 If they are so vulnerable then the council would have a duty to help them, and quite frankly they sound like they’d be far better off well away from the place. 

I have been acting as advocate for the tenants, advising them of their rights, signposting them to Shelter, the Council's Housing Department band online advice sites.  

I've persuaded my ex to contact the tenants.  He made his first phone call to them in almost 8 years.

I've even offered to manage the tenancy myself and to jointly become their landlords to ensure that all landlord obligations are met and even exceeded.  He refused point blank.

Impasse