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Buying a property from a landlord
RDD
Posts: 2 Newbie
i rent my property from my landlord. The landlord is in between mortgages so his original lender has passed the property over to a receive me to manage for the moment. The landlord has asked if I would like to buy the property which I would and he will use the money to pay off his mortgage. From a legal point of view can he sell it to me even though a receiver is currently managing the rental side of it?
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Comments
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So is the property actually owned by a limited company that has gone into administration?0
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Hi. The property is privately owned. I can only assume the landlord hadn’t been paying his existing mortgage and has arrears and needs to sell to pay off the mortgage0
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Sounds as if repossession proceedings will commence shortly. The matter is most likely out of your LL's hands.0
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