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Repossession order - Help!
Comments
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HelpWhereIcan wrote: »
I would start looking for somewhere else to live, unless you are satisfied that it is a genuine 'blip' - which it can be.
Great advice - I completely agree. Were I the OP's mate, I'd be checking out alternatives....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Thanks for your replies guys, I've passed on your comments.
I can't believe that the ll has been renting it out for 18 months or so & didn't even know that the mortgae costs were higher than the rent.
multiply that kind of error across the rest of his "portfolio" & you can easily see why he might have hit a few problems...0 -
...I think that in future years people will look back at the BTL phenomena as some kind of a mania or mass "get rich quick" scheme, where shelf stackers & the like were prepared to borrow 1/4 of a million pounds to buy pokey little flats without even understanding how to work out if the numbers added up.
Madness.0 -
Bobproperty is right. The only thing I would add is that as tenants you would not automatically be given the right to find out what is happening with regards to a possession or eviction order. You would more than likely have to make an application to the court to be 'joined' as parties. This would mean you then had the opportunity to oppose the possession order etc.0
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