advice please on landlord selling my rented house

neas

just off topic... but snooze when did you buy your last house?

Save4ArainyDay

kaiser051 wrote: »

hi i need some advice please i am in a horrible situation me and my girlfriend moved into a rented house January and signed a 6 month contract with the landlord who seemed a nice lady and we got on well,on signing the 6 month contract she basically assured us that once our 6 months were up shed be happy for us to resign another 6 or 12 month contract ,we were happy decorated the house from top to botttom had bt installed had broadband installed bought home contents insurance changed doctors and dentist,changed bank account details,changed driving license details and changed car insurance details,now a month before our contract is up in june the landlord rings and says she can no longer afford the mortgage repayments on the house and thus is putting it up for sale,we were totally shocked as only a few weeks before her husband had came around and dropped off wooden flooring for the loft which he said he was gonna come around soon and floor the loft for us so we could have extra storage space up there,does any one know how much notice she has to give us to leave people have said 1 month others 2 months written notice?,any advice would be appreciated thank you
Karl

Don't panic just yet. As the market is so dreadful there is a good chance your LL will try and sell the house to another LL for below market value. Obviously with good tenants like you there the house is going to be an attractive proposition to an LL or Investor. If your LL is in trouble now with the rent coming in imagine how it will be for them if the place is empty for 12 - 18 months whilst they try and sell just one big black hole!

Investors in the buy-to-let market are always pleased to buy properties with existing tenants and one look at your place and your record of payment is going to be an incentive - mention this to your LL.

Tori_Bellatrix

redhead123 wrote: »

On a six month contract I suspect you will be given one months notice..but it should stipulate that in you contract. I'm on a 12 month contract and ours is 2months/6 wks.

The LL is required to give 2 months notice regardless that the 6 month contact ends in a month ... Unless of course a S21 notice was included in the original documentation ..

tbs624

Tori_Bellatrix wrote: »

The LL is required to give 2 months notice regardless that the 6 month contact ends in a month ... Unless of course a S21 notice was included in the original documentation ..

....and the S21 must not have been "issued" before the Tenant actually signed the contract

Rabiddog_2

Is this your first rental? are you rental newbies?

jaype

Snooze wrote: »

Everyone has a choice so please don't come with that sob-story. :rolleyes: The problem with the people in this country is they prefer to !!!! their hard earned money down their necks and/or get themselves up to the eyeballs in credit card debt instead of living within their means and SAVING. Yes, SAVING ! Anyone remember that word? :rolleyes:

If people saved then they'd be able to buy things that cost a lot of money, like houses!

The choice is yours....

Rob

Hmm, slightly selective economics that you're using here. Yes, people now have a choice - but is it really much of one? House prices are now about five times average wage. So, save half a year's wages (10% deposit) and - oh - borrow four and a half times income. That's a really, really good recipe for staying out of enormous debt, especially when you also have to factor in stamp duty, fees and upkeep of the house once you own it. The fact is that the market has become a bubble and prices are unaffordable, hence no new buyers (plus many FTBs have enormous student debts, thanks New Labour). Really, with house prices rising 20 percent a year till recently, you could save as hard as you like and it would have been like a drop in the ocean. It's not that all renters are !!!!less wastrels, you know - some of them just didn't have the means to buy before 2002 and so the ability to sit in their little bought castle now looking down on the sub-standard renting 'serfs' :mad:

PS - OP, either offer to stay in the house until a buyer is found (no chance anyone making an offer would complete and expect possession within a month, so do this if the rent is reasonable, you love the place and there is plenty to move into locally should a sale go through) - you may get an xtra year there anyway, judging by the current speed of the market, or chalk it up to experience and move on. Sadly, it's the downside of renting. The upside is that you can move quickly - we had to relocate at speed (were renting for a year to try out a new area at the time) and in a month we're off, leaving the landlord desperately trying to sell, having had one viewing in six weeks... shame as he's a decent bloke.

MissMoneypenny

tbs624 wrote: »

....and the S21 must not have been "issued" before the Tenant actually signed the contract

The S21 must not have been issued before the deposit was protected in one of the schemes.

"Moreover, any s.21 Notice signed at the beginning of the tenancy, or with the tenancy agreement (as very many are) is invalid, as the deposit is not (yet) held in compliance with the scheme and the requisite information not (yet) provided to the tenant."

http://nearlylegal.co.uk/blog/index.php?s=shorthold

MissMoneypenny

silvercar wrote: »

A tenant is allowed quiet enjoyment of the property and does not have to allow viewings.

True. From Shelter:-

"Is your landlord selling the property? In some cases your landlord may be trying to sell the property and bringing people round to view your home at times that are inconvenient to you. Unless you have agreed clearly in advance, your landlord does not have the right to show people around your home without your permission. If you prefer not to allow this, your landlord will have to wait until they have evicted you using the proper eviction procedures before showing potential buyers around."
http://england.shelter.org.uk/advice/advice-7354.cfm

Captain_Mainwaring_2

MissMoneypenny wrote: »

True. From Shelter:-

"Is your landlord selling the property? In some cases your landlord may be trying to sell the property and bringing people round to view your home at times that are inconvenient to you. Unless you have agreed clearly in advance, your landlord does not have the right to show people around your home without your permission. If you prefer not to allow this, your landlord will have to wait until they have evicted you using the proper eviction procedures before showing potential buyers around."
http://england.shelter.org.uk/advice/advice-7354.cfm

Wouldn't the following imply clearly agreeing in advance?

12 To permit the Premises to be viewed at any reasonable time by any person who is, or who is acting on behalf of, a prospective purchaser, prospective tenant or prospective mortgagee of the Premises or Building;

ejh18

Snooze wrote: »

Everyone has a choice so please don't come with that sob-story. :rolleyes: The problem with the people in this country is they prefer to !!!! their hard earned money down their necks and/or get themselves up to the eyeballs in credit card debt instead of living within their means and SAVING. Yes, SAVING ! Anyone remember that word? :rolleyes:

If people saved then they'd be able to buy things that cost a lot of money, like houses!

The choice is yours....

Rob

That's very harsh. I have been renting for years, solely because I did not have a hope in !!!! of being able to afford a place to buy. Every spare penny I have has been going towards saving for a deposit, and me and my OH have been working hard in our careers to increase our salaries, which has only now paid off. It doesn't happen overnight though, and for some the housing ladder will be perpetually be out of reach. I have never had any debt except student loans, and I am not the stereotype FTB in their late 20's with a new car, flash clothes and exotic holidays. Six months ago, house prices in the cheaper areas around us were 6x our combined income, but we were earning more than many. Who would give us a mortage with that kind of multiplier? It is not all about the deposit. Me and my OH now have very decent salaries due to recent increases, but we do not live like we do as we are saving up to buy, and rent is very expensive. 10 years ago, people in professions such as ours would have been able to afford a 4 bed house, now they can only afford a 2 bed flat. House price rises have widely out-stripped rises in wages, but you already know that.

I realise I'm rambling, but reading your post has really angered me. Its really heartbreaking to work hard for your money, but never be able to afford what others take for granted.

To the OP, I would do everything scorpio princess suggested. Don't make life easy for her, move out and wash your hands of it. She probably won't sell in six months, so she may also look for other tenants if she can't afford the mortgage. Don't forget to tell them her plans if any look around!