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Rent didn’t go out today Barclays says it will when they are back up and running

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  • AskAsk
    AskAsk Posts: 3,048 Forumite
    1,000 Posts Fourth Anniversary Name Dropper Photogenic
    Standing orders don't go on the weekends anyway.  The landlord will have to wait.  As already said, if you give him cash today, the payment will go through on Monday and you would have paid him twice as it is too late to cancel the standing order for Monday.

    If a rent day falls on a weekend, then it is natural for the landlord to wait until Monday for the payment to come through.  I wouldn't worry too much about it.  The landlord needing immediate payment is unreasonable in this situation.
  • theartfullodger
    theartfullodger Posts: 15,701 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    R200 said:
    My rent is due today the 8th of every month, the funds are still there in my account. My LL is messaging me saying he needs the funds immediately and will cost him a lot if I’m late paying 

    ...
    Sorry to read your story.  

    Any landlord who doesn't have sensible reserves (both financial - say 7 month's rent - and emotional ) to cope with these issues is a stupidity arrogant idiot.

    In your shoes I'd be polite but otherwise ignore him. 

    If he tries to charge you see what your tenancy agreement says on the matter: (Probably unenforceable)

    Trouble is Thatcher's "for no reason at all" section 21 eviction.

    Artful: Landlord since 2000
  • aliby21
    aliby21 Posts: 327 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    In your shoes I'd offer your landlord a cheque .....
  • Hoenir
    Hoenir Posts: 7,742 Forumite
    1,000 Posts First Anniversary Name Dropper
    R200 said:
    My rent is due today the 8th of every month, the funds are still there in my account. 
    Standing orders are never paid at weekends or bank holidays. Your LL has always waited until the next working day.  Relax. Your LL's problems have nothing to do wth you. 
  • propertyrental
    propertyrental Posts: 3,391 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 8 June 2024 at 11:01AM
    The bottom line is that the LL's financial difficulties are not your concern. And he cannot charge you excessively for late payment - perhaps 3% for 2 days? Read your tenancy agreement. That would be peanuts. Any excessive charge could be challenged.
    As others have said, paying cash is not the solution for various reasons: 1) you'll probably end up paying 2ce 2) £2K+ in cash is risky 3) he can't pay it into his bank at the weekend so waiting till Monday and Barclays makes more sense.
    Yes, he could serve a S21 notice (unless you are still in a fixed term) but if he's in financial difficulties, evicting a regular-paying tenant will just make things worse for him.
    Apologise and say it will be sorted on Monday. If he persists in demanding earlier payment, just stop responding.
  • R200
    R200 Posts: 296 Forumite
    100 Posts First Anniversary
    It should be tomorrow not today it’s down
  • Ayr_Rage
    Ayr_Rage Posts: 2,734 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    @R200 do you pay your rent by manual bank transfer, which won't work right now or is it set up as a monthly Standing Order ?


  • Jemma01
    Jemma01 Posts: 390 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Poor thing, sounds like your landlord's incompetence is ruining your peaceful weekend.
    Note:
    I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.
    Mortgage debt start date = 25/10/2024 = 175k (5.44% interest rate, 20 year term)
    Q4/2024 = 139.3k (5.19% interest rate)
    Q1/2025 = 125.3k (interest rate dropped from 5.19% - 4.69%)
    Q2/2025 = 108.9K (interest rate 4.44%)
    Q3/2025 = 103.9k
  • saajan_12
    saajan_12 Posts: 5,059 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The bottom line is that the LL's financial difficulties are not your concern. And he cannot charge you excessively for late payment - perhaps 3% for 2 days? Read your tenancy agreement. That would be peanuts. Any excessive charge could be challenged..
    Doesn't the Tenancy Fee Act limit this to BOE rate + 3% but only if its 14 days late? 

    BOE is currently 5.25% so thats 8.25% x £2200 / 365 = £0.497, so ~50 p a day after 14 days. 

    OP, in general I understand there's a point at which LLs need the income to service the cashflows, but that point is not 2 days. They should be able to survive a few months. to cover large repairs, voids, etc. 
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