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Repossessing rented property
meester
Posts: 1,879 Forumite
A friend is renting a shiny new flat. The flat is being repossessed and they have about 3 weeks to leave. They are not going to get the deposit back (not in the protection scheme). The flat is fully furnished with TV, beds, sofa, etc.
Is there any issue with them taking all the furniture as a lien over the debt (the deposit) to them? I guess it would be owned by the leaseholder so there's not a conflict with the bank.
Is there any issue with them taking all the furniture as a lien over the debt (the deposit) to them? I guess it would be owned by the leaseholder so there's not a conflict with the bank.
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Comments
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How does your friend know that the deposit won't be returned. He' she could do a letter before action, particularly if they know the deposit wasn't scheme protected.
Just because the flat is being repossessed, don't assume the landlord has no money, he could have his own home with equity in it.
Why is friend being evicted, did the landlord have consent to lease or a BTL mortgage? If so, the lender should acknowledge the tenancy.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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