Changing to temporary address after mortgage offer

Wjg89

I'm in the middle of buying a house and have had a mortgage offer from NatWest, but it's about to expire as it's taken a lot longer than expected to get to the point of exchange.

I'm having to move out of my rented flat for 1 - 2 months (as I don't want to renew my contract for another year) to stay with a friend whilst I wait for everything to go through.

I've already applied for the electoral roll but if my application address doesn't match this (as it may still be my old address for a while), is there a strong possibility of being rejected? I'm very worried that living in temporart accomodation is going to affect my credit score.

Wjg89

I'm in the middle of buying a house and have had a mortgage offer from NatWest, but it's about to expire as it's taken a lot longer than expected to get to the point of exchange.

I'm having to move out of my rented flat for 1 - 2 months (as I don't want to renew my contract for another year) to stay with a friend whilst I wait for everything to go through.

I've already applied for the electoral roll but if my application address doesn't match this (as it may still be my old address for a while), is there a strong possibility of being rejected? I'm worried that living in temporary accommodation is going to affect my credit score.

theartfullodger

Discuss with lender.  Surprisingly (? ) different lender's have different rules and procedures.

newsgroupmonkey_

Why move? Just roll it over to monthly.

Have you been given notice?

martindow

Wjg89 said:

I'm having to move out of my rented flat for 1 - 2 months (as I don't want to renew my contract for another year) to stay with a friend whilst I wait for everything to go through.

Why don't you let it roll over into a periodic contract?  The tenancy doesn't finish at the end of the contract.  Or have you already given notice?

Snookie12cat

To add, mortgage companies don't really care about that score you see. They look at the whole file. 
If you explained you have moved temporarily they are likely to be fine with it. Assuming you have good credit as you are going with NatWest.

Wjg89

newsgroupmonkey_ said:

Why move? Just roll it over to monthly.

Have you been given notice?

Our landlord would only let us sign a year's contract. She wouldn't change it over to monthly. 

Wjg89

martindow said:

Why don't you let it roll over into a periodic contract?  The tenancy doesn't finish at the end of the contract.  Or have you already given notice?

Our landlord was adamant that she would not allow us to have a monthly rolling contract. It had to be year. We've therefore said we'll leave. 

martindow

Wjg89 said:

martindow said:

Why don't you let it roll over into a periodic contract?  The tenancy doesn't finish at the end of the contract.  Or have you already given notice?

Our landlord was adamant that she would not allow us to have a monthly rolling contract. It had to be year. We've therefore said we'll leave. 

You didn't need to have the permission of your landlord.  As soon as you stay beyond the fixed term it legally automatically rolls over into a periodic contract whatever the landlord wants. 

The landlord could give you two months notice with a S21, but by then you would have given your month's notice and be gone anyway.

I'll leave the experts here to discuss how you gave your notice to leave and whether it is valid.  Possibly your contract states that notice has to be given in writing for instance, so mentioning that you would leave in a phone call might be meaningless.

martindow

G_M's excellent guide

https://forums.moneysavingexpert.com/discussion/comment/67759913#Comment_67759913

has the details - see post 4.  The Covid arrangements are no longer relevant, but the explanation of a tenant's and a landlord's rights for giving notice is thoroughly explained.

Drawingaline

It automatically moves to a month to month contract. The landlord can't stop that.