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Renting: Does LL Have a BTL Mortgage or OO?
ziegel
Posts: 3 Newbie
First post, but long time lurker so hello!
Just moved into a lovely rented house with by fianc!e, been there 3 weeks now.
Paid £3 to the LandReg for a copy of the title register to see how much the LL paid, when and to ensure the mortgage is legal and correct.
I'm a bit concerned by the following, and wonder if anybody could shed some light on the matter:
- The Registered Owner is in the name of a company "CompanyX". Not too worried about this as I believe this is fairly Normal for BTLers.
- It's got a mortgage on it from Capital Home Loans Limited.
- The Registered Owner "CompanyX" address is stated as the Address of our Rented House.
- However, CompanyX has a different address at Companies house.
I'm keen to ensure that my rights as a tenant are protected as they should be, so does the above indicate an OO mortgage has been taken out by CompanyX? In which case my AST is invalid?
Hope I've explained this properly
Just moved into a lovely rented house with by fianc!e, been there 3 weeks now.
Paid £3 to the LandReg for a copy of the title register to see how much the LL paid, when and to ensure the mortgage is legal and correct.
I'm a bit concerned by the following, and wonder if anybody could shed some light on the matter:
- The Registered Owner is in the name of a company "CompanyX". Not too worried about this as I believe this is fairly Normal for BTLers.
- It's got a mortgage on it from Capital Home Loans Limited.
- The Registered Owner "CompanyX" address is stated as the Address of our Rented House.
- However, CompanyX has a different address at Companies house.
I'm keen to ensure that my rights as a tenant are protected as they should be, so does the above indicate an OO mortgage has been taken out by CompanyX? In which case my AST is invalid?
Hope I've explained this properly
0
Comments
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its a possibility that the LL has bought the house on a residential mortgage - why not just ask him if he has his lenders permission and see what he says - although - its a bit late now - you;ve moved in ......0
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Report him if it is a residential mortgage.:beer::exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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I'd rather find out for myself than ask the LL, they could easily lie.
Can a Company really get an OO mortgage?0 -
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What business is it of yours? You rented the house and you pay the rent. Thats the end of your envolvement with the LL. It's none of your business.
If you have a lease your rights are protected. I cannot understand why you want to know more than you should. Unless of course trouble making is how you get your kicks.0 -
What exactly are you worried about here? Why are you so interested in your landlords business. Is there something you are not happy about in your new place?
If it's a residential mortgage and lender hasn't given permission to let then he has NO tenure and could have to leave with NO NOTICE *WHATSOEVER* as in such a situation the AST has no validity upon lender repossession.... I'm not surprised he cares whether this could happen. In my opinion this should be a criminal offence - issuing AST without permission to let - it just needs stamping out.0 -
Why pay £3. Loads of sites will give you how much the house sold for and when for free.Paid £3 to the LandReg for a copy of the title register to see how much the LL paid, when and to ensure the mortgage is legal and correct.
The only thing extra you've got is who the house is registered to and who the mortgage is with.
I think its unlikely that a company could get a residential mortgage but you never know.
Lots of people who are LL have residential mortgages, to get permission to let is usually straight forward (fill in a form, possibly pay a small fee).
I think what you are trying to find out is whether your landlord is likely to be repossed while you are renting? Unfortunately you won't get that information from the land registry. Try asking your LL to see their mortgage contract and last annual statement and bank statements to check they are keeping up repayments. I'm sure they'll oblige you:rotfl:0 -
Don't know if your tenancy is invalid, although I doubt it, but you really need legal advise on this one.
Purely as an observation, your landlord is a little foolhardy in having the address of the property as the address to which notices should be sent. He is laying himself open to assisting a fraud against him, as a dishonest tenant (not yourself of course) is unlikely to pass on any notices.
Many landlords buy a property, move to another address and then let the first property, but omit to inform the LR of the new address for purposes of communications.
terryw"If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools"
Extract from "If" by Rudyard Kipling0 -
its a possibility that the LL has bought the house on a residential mortgage - why not just ask him if he has his lenders permission and see what he says - although - its a bit late now - you;ve moved in ......
It the property is owned by CompanyX then it would not be a residential mortgage would it?
Company addresses being different from companys house is probably to do with keeping upto date with companies house is a paid when moving. LL company can be incur a fine for not keeping companies house informed but it would not effect your contract.
Even if a LL had a residential mortgage it is a breach of contract with the mortgage company not you. The mortgage company could sue him (or ask for the loan to be repaid etc), but he could inturn still sue you for none payment of rent (if that is what you where thinking).
I'd be more worried about the deposit protection scheme that the LL finances.0
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