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just found out by chance
robwend
Posts: 2,919 Forumite
that the flat im due to rent with my kids is also up for sale! , i found it on rightmoves, now the agents said its long term let and thats why i took it as my kids need a home, what do i do??
You're not drunk if you can lie on the floor without holding on
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Comments
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If you have a 12 month AST, you're there for 12 months at least.
If someone buys it with an existing AST they will probably be planning to rent it out anyway.
Most liekly it will not sell with an AST and the owner will be stuck with it till the AST finishes. Or until the bank repos it.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
sounds like the owner is having trouble selling and has decided to rent it out in the mean time hoping the market will pick up later.
personally i would walk away or at the very least make it clear prospective buyers going to get access during your lease.0 -
sounds like the owner is having trouble selling and has decided to rent it out in the mean time hoping the market will pick up later.
personally i would walk away or at the very least make it clear prospective buyers going to get access during your lease.
What perspective buyers?
If it hasn't sold yet it probably wont unless the LL knocks a sh!tload off of the price.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
Check that the owner has a buy-to-let mortgage, and make them agree to a 12 month contract.Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
this is what im going to insist. this has really p$ssed me off. ive left a sturn message on lettings answer phone saying to call me asap as its come to light that this property is up for sale and i wasnt informed. they wanted a 6months tenancy agreement, noowayyyyyyyyy il loose the 250 if i have tooCheck that the owner has a buy-to-let mortgage, and make them agree to a 12 month contract.You're not drunk if you can lie on the floor without holding on0 -
the guy brought it as a buy to let. <so i was informed> and has owned it for 2 yearssounds like the owner is having trouble selling and has decided to rent it out in the mean time hoping the market will pick up later.
personally i would walk away or at the very least make it clear prospective buyers going to get access during your lease.You're not drunk if you can lie on the floor without holding on0 -
just to add, ive paid a £250 holdin deposit, can i get this back on the basis of them with holding this info?You're not drunk if you can lie on the floor without holding on0
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If he bought it as a Buy to Let, I think he'd welcome a 12 month AST. It may be that he had it on the market as For Sale or Rent to see which happened first and to just keep his options open. Speak to the Letting Agents tomorrow and ask to speak to the Landlord to ask him his intentions.I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0
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Without speaking to the LL you have no way of knowing intentions.
Could be a BTL who would consider a sale if no tenant appears.
Could be a seller considering a tenant if no buyer appears.
Could be anyone desperate to get some money in any way they can.
Could be an EA short of properties, trying to boost his books.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 -
iput deposit down before his last tenants even moved out. the pic of the flat are with the last tenants furniture in itWithout speaking to the LL you have no way of knowing intentions.
Could be a BTL who would consider a sale if no tenant appears.
Could be a seller considering a tenant if no buyer appears.
Could be anyone desperate to get some money in any way they can.
Could be an EA short of properties, trying to boost his books.You're not drunk if you can lie on the floor without holding on0
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