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Landlord wants to sell
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Comments
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ButterCheese said:m0bov said:You don't have to let them into YOUR home.2
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astroL said:wizzywizard65 said:Stubod said:A lot of landlords are looking to get out, could be they just want to cash in their asset and sell it with a sitting tennant. It does not look like they have given you any indication that they want you to vacate?
Just so that you can understand the probable full situation: my daughter is the landlady of a semi in East Anglia and can no longer afford to pay the mortgage and all the extra payments that go to keep a property fully licenced. She therefore is going to have to sell the house. She has had a good relationship with the tenants but the reality is that she can no longer afford to maintain the house. She is very likely to have to sell it when the tenancy expires. She has been extremely upset about this situation for weeks - so it is not just the tenant that might feel upset. The national situation has caused many of the problems now faced by landlords/landladies.0 -
I am sorry to hear that you have found yourself in this situation. If I were you I would find what my options are to find a suitable alternative accommodation before needing to be evicted. I know all is advice “sit tight”, “wait for section 21”, “it will have to go to court”. Yes it draws out the process and buys you more time but the stress is a lot. For me finding alternative accommodation is less stressful and most times the landlord is happy to let you make alternative arrangements. Yes when you rent it is your home but at the back of your mind when you need to move might not be in your control. Timing is not good but most things work out for our good.Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓0 -
Olinda99 said:FlorayG said:ButterCheese said:m0bov said:You don't have to let them into YOUR home.
The landlord/tenant power pendulum has swung this way and that for ever - certainly since 1449 Leases Act (extra rights for tenants in this case).
Low esteem of landlords largely continuing.
Best wishes to all.0 -
wizzywizard65 said:silvercar said:wizzywizard65 said:saajan_12 said:How far is what you're paying vs what the market rent would be for a similar property? If its very low, its less likely your LL will find another LL buyer who's happy for you to stay. So either your rent would be increased or they'll be serving a S21 notice to eventually evict you.
So you need to start looking now, and get in touch with council too.
Eventually the landlord will be able to evict. It could take time, it will be hassle for you, but it will happen. So you need to decide what you want to do. Speak to the council, put your name on the council waiting list. Look in cheaper areas nearby.
I will contact the council to put me on the waiting list but the council won't do anything till I get evicted. Some people I know have been on the waiting list for over 2 years as with most parts of England there is not enough housing to go round.0 -
wizzywizard65 said:astroL said:wizzywizard65 said:Stubod said:A lot of landlords are looking to get out, could be they just want to cash in their asset and sell it with a sitting tennant. It does not look like they have given you any indication that they want you to vacate?
Just so that you can understand the probable full situation: my daughter is the landlady of a semi in East Anglia and can no longer afford to pay the mortgage and all the extra payments that go to keep a property fully licenced. She therefore is going to have to sell the house. She has had a good relationship with the tenants but the reality is that she can no longer afford to maintain the house. She is very likely to have to sell it when the tenancy expires. She has been extremely upset about this situation for weeks - so it is not just the tenant that might feel upset. The national situation has caused many of the problems now faced by landlords/landladies.
that said, she may then very quickly decide not to given you are paying below market rate so she would probably not get as much money from sale to a LL as she would be selling with vacant possession
after 18 years can you not have a conversation with her, rather than text messages?0 -
wizzywizard65 said:silvercar said:wizzywizard65 said:saajan_12 said:How far is what you're paying vs what the market rent would be for a similar property? If its very low, its less likely your LL will find another LL buyer who's happy for you to stay. So either your rent would be increased or they'll be serving a S21 notice to eventually evict you.
So you need to start looking now, and get in touch with council too.
Eventually the landlord will be able to evict. It could take time, it will be hassle for you, but it will happen. So you need to decide what you want to do. Speak to the council, put your name on the council waiting list. Look in cheaper areas nearby.
I will contact the council to put me on the waiting list but the council won't do anything till I get evicted. Some people I know have been on the waiting list for over 2 years as with most parts of England there is not enough housing to go round.
https://housingcare.org/mobile-find-accomodation/
There's usually a shorter waiting list or faster turnover in age-restricted accommodation for obvious reasons and, depending where you are, there can be a fair number of such developments to consider. Some have actual waiting lists and some operate, like most Councils, a 'choice based' lettings system where you first have to qualify for housing, (for age-restricted housing the requirements are fairly basic) and once you meet those criteria, you have to 'bid' on available properties each week. The Council or Housing Associations should be able to walk you through their process so that you understand how it works.
This type of accommodation doesn't usually require a deposit and will usually accept Local Housing Allowance (LHA) recipients. If you're applying for LHA, remember that you will only qualify for payment up to the level of need, rather than want, so as a single person of your age, you'd qualify for the one-bedroom rate set by your Council (in their role as LHA provider) and if you want more bedrooms, you'd have to pay to top up the amount of LHA you'd be entitled to. Councils, even for age-restricted accommodation, may have strict rules on who can apply for additional bedrooms so it's worth asking about that if it applies to you. Housing Associations may have more flexibility and if you can afford their slightly higher rents, you should have more choice, though two bedrooms are the most I've seen in age-restricted accommodation for rent in my area.
If you haven't already done so, I'd recommend you check that you're claiming all benefits to which you're entitled. That's especially important at your age to ensure any gaps in your National Insurance record are kept to a minimum, so as to have as little impact on your State Pension as possible. Try completing the calculator here to get an idea of what you could claim:
https://www.entitledto.co.uk/
Good luck with everything.1 -
wizzywizard65 said:saajan_12 said:How far is what you're paying vs what the market rent would be for a similar property? If its very low, its less likely your LL will find another LL buyer who's happy for you to stay. So either your rent would be increased or they'll be serving a S21 notice to eventually evict you.
So you need to start looking now, and get in touch with council too.1 -
saajan_12 said:wizzywizard65 said:saajan_12 said:How far is what you're paying vs what the market rent would be for a similar property? If its very low, its less likely your LL will find another LL buyer who's happy for you to stay. So either your rent would be increased or they'll be serving a S21 notice to eventually evict you.
So you need to start looking now, and get in touch with council too.Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓0 -
Sistergold said:saajan_12 said:wizzywizard65 said:saajan_12 said:How far is what you're paying vs what the market rent would be for a similar property? If its very low, its less likely your LL will find another LL buyer who's happy for you to stay. So either your rent would be increased or they'll be serving a S21 notice to eventually evict you.
So you need to start looking now, and get in touch with council too.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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