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

propertyrental

horsewithnoname said:

R200 said:

m0bov said:

Ask your ll to communicate in writing only. When the payment is made it will be back dates. There is no issue, it's not late. Block his number.

Thanks this is actually a very good suggestion.

I know my LL is stressed he told me he is losing hundred’s every month since the intest rate went up so much and all this time he thought the BOE would lower rates back to near zero.

I think the truth is sinking in we are never going back down to those emergency near zero interest rates again.


he is getting into all kinds of financial trouble and this late payment is going to cause him a lot more problems 

He is still driving a nicer car than me, maybe he should sell that and pay off some of his interest payments 

The fact that you LL seems to have overextended himself thinking interest rates would never go up really isn’t your problem, and the LL is wrong to try and make it so. If this is causing him problems then he has got bigger problems than you being late through no fault of your own. 

Indeed. Your 2 days 'late' payment is insignificant so far as his finances are concerned. And as everyone has been telling you, not your problem. If he is phoning/texting etc, block him and ignore. You've already responded to him so no need to respond further.

As I said earlier, this is emotional blackmail - pulling at your heartstrings in an unprofessional and frankly pointless way.

He'd do better to sell his car and buy a banger, or sell the property to another LL - but that's not for you to point out to him!

theartfullodger

m0bov said:

Ask your ll to communicate in writing only. When the payment is made it will be back dates. There is no issue, it's not late. Block his number.

Not quite, inform him you will only accept Comms in writing (& email if ok with you).

Can't see the point of giving him your new address.

Ask too soft IMHO 

housebuyer143

R200 said:

housebuyer143 said:

R200 said:

So Barclays are saying the work is no longer going ahead but they can’t seem to get system back up and running 

I am now for the first time ever late paying my rent


is there any way I can get compensation from Barclays?

You need to stop worrying about this and next time pay your rent a few days early so this doesn't happen again.

That is quite possibly the most ridiculous post I have ever read🤣

are you seriously suggesting that because the banks are becoming unreliable these days that you should make all your payments a few days early so that you are not late making payments?

In the past having a direct debit or standing order was always something that could be relied upon.

No, I'm saying that the OP is so stressed and upset over this that they should take steps to pay it early so that way they know that even if a weekend shall fall, the rent will always be on time. 
I don't think he needs to, but clearly it's stressing the OP out, so it's not an unreasonable thing to do to prevent the same stress in a few months time.

la531983

housebuyer143 said:

R200 said:

housebuyer143 said:

R200 said:

So Barclays are saying the work is no longer going ahead but they can’t seem to get system back up and running 

I am now for the first time ever late paying my rent


is there any way I can get compensation from Barclays?

You need to stop worrying about this and next time pay your rent a few days early so this doesn't happen again.

That is quite possibly the most ridiculous post I have ever read🤣

are you seriously suggesting that because the banks are becoming unreliable these days that you should make all your payments a few days early so that you are not late making payments?

In the past having a direct debit or standing order was always something that could be relied upon.

No, I'm saying that the OP is so stressed and upset over this that they should take steps to pay it early so that way they know that even if a weekend shall fall, the rent will always be on time. 
I don't think he needs to, but clearly it's stressing the OP out, so it's not an unreasonable thing to do to prevent the same stress in a few months time.

To be fair the only reason the OP is stressed over it is because he or she has the landlord in their ear, blackmailing him or her. 


He or she just needs to ignore the landlord. 

MattMattMattUK

R200 said:

is there any way I can get compensation from Barclays?

Compensation for what? What financial loss have you incurred.

R200 said:

housebuyer143 said:

R200 said:

So Barclays are saying the work is no longer going ahead but they can’t seem to get system back up and running 

I am now for the first time ever late paying my rent


is there any way I can get compensation from Barclays?

You need to stop worrying about this and next time pay your rent a few days early so this doesn't happen again.

That is quite possibly the most ridiculous post I have ever read🤣

are you seriously suggesting that because the banks are becoming unreliable these days that you should make all your payments a few days early so that you are not late making payments?

In the past having a direct debit or standing order was always something that could be relied upon.

The difference is that if a Direct Debit is not processed and funds were available then it becomes the bank or the supplier's issue, a standing order is your issue.

And yes, it is sensible to not leave things to the last possible moment.

Hoenir

R200 said:

So Barclays are saying the work is no longer going ahead but they can’t seem to get system back up and running 

I am now for the first time ever late paying my rent


is there any way I can get compensation from Barclays?

It's not a working day for the clearing banks. Never has been.............

Hoenir

R200 said:

m0bov said:

Ask your ll to communicate in writing only. When the payment is made it will be back dates. There is no issue, it's not late. Block his number.

he is getting into all kinds of financial trouble and this late payment is going to cause him a lot more problems 

 

For what reason? If your LL is that dependent on the rent. Then it's not just the mortgage on the BTL that's causing him distress.  Ominous signs of someone sinking fast I'd suggest. 

molerat

R200 said:

In the past having a direct debit or standing order was always something that could be relied upon.

DDs and SOs can still be relied on the same as always.  They do not pay on a non banking day though and this work, that has now been cancelled, did not change that fact, it simply meant that faster payments could not be processed whilst the work was being carried out.  DDs and SOs are processed on the next working day following a weekend / BH.  The same would have happened in April, July and October 2023 and will happen again in September and December this year and February, March, June and November next year. If it does not get paid tomorrow then you will have cause to complain.  The only way to guarantee a DD or SO being paid by the 8th of any month is to set it for the 4th to cover Easter Monday falling on the 8th.

WellKnownSid

When the LL's personal finances start encroaching then it's a strong sign it's time to move.

Many years ago we rented a place - cash collected in person by the LL every month as was the style.

Then my wife ended up in hospital and we were a day late as a result.  Offered to pay electronically, turned down - needed it 'on the black'.  Ended up meeting the panicky LL in a shopping centre near the hospital so I could hand over the cash to her.

Soon after this, inevitably, people started turning up at our door looking for money...  Needing money in an account on a non-banking day should definitely be ringing alarm bells.

saajan_12

R200 said:

So Barclays are saying the work is no longer going ahead but they can’t seem to get system back up and running 

I am now for the first time ever late paying my rent


is there any way I can get compensation from Barclays?

Their service level was always for such payments to be processed on the next working day. For convenience, they get some Faster Payments done faster, but there's no guarantee and as such should never be relied on. 

If you really wanted to get a payment to a destination by 8th June, you should have scheduled it for 7th June. Or earlier if you wanted it to work every month including counting for bank holidays). Its up to you if that's something you want to aim for. For rent payments, there's no impact on you if it arrives after the weekend. 

As between you and Barclays, they haven't failed anything for a payment scheduled for 8th June. Also even if they had (they haven't), compensation would be based on your financial loss, which is £0 since you can't be charged late fees or evicted based on 2 days late rent.