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Being a first-time buyer is fun! But there are nuances..

Started by goodfella, January 22, 2024, 06:28:45 PM

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goodfella


Being a first-time buyer is fun! For example - recently I learned about such a thing as 'Chancel repair liability' and was a little bit shocked. :)  But it's not a big deal.

The big deal is that I need to move out of the current rented property as the landlord sold the house. The agency(LL) already served me the 21 notice, so I have less than 2 months to move into my new house. And my solicitor said that he needs around 16 weeks to finish the buying process.

What would you do in my place? What options do I have?

I plan to do 2 things :

1) Ask the agency to let me live here till the moment when I'm ready to move into my first house

2) Ask the solicitor if he is able to speed up the process for an extra payment and guarantee that he will finish everything by the time suitable for me.

How about that?


HandyMan

Quote from: goodfella on January 22, 2024, 06:28:45 PMThe big deal is that I need to move out of the current rented property as the landlord sold the house. The agency(LL) already served me the 21 notice, so I have less than 2 months to move into my new house.

That that have sold the house is your landlord's problem, not yours. They were foolish to sell it while you are still their tenant.

You are not obliged to move out by the Section 21 date. Just sit tight and keep paying the rent. The agency & landlord can do nothing to remove you unless they apply for a court order which takes many months.


The alternative approach is that your landlord might offer you money to move out, i.e. payment to get you out when they want the property and for the inconvenience they are causing you. The amount will be a point of negotiation if you choose to do this.

You hold all the power here. Don't let the landlord or agent bully you.


goodfella

Quote from: HandyMan on January 22, 2024, 07:26:04 PM
Quote from: goodfella on January 22, 2024, 06:28:45 PMThe big deal is that I need to move out of the current rented property as the landlord sold the house. The agency(LL) already served me the 21 notice, so I have less than 2 months to move into my new house.

That that have sold the house is your landlord's problem, not yours. They were foolish to sell it while you are still their tenant.

You are not obliged to move out by the Section 21 date. Just site tight and keep paying the rent. The agency & landlord can do nothing to remove you unless they apply for court which takes many months.


The alternative approach is that your landlord might offer you money to move out, i.e. payment to get you out when they want the property and for the inconvenience they are causing you. The amount will be a point of negotiation if you choose to do this.

You hold all the power here. Don't let the landlord or agent bully you.




Thank you for reassurance. I think some details would be of interest for you.

I've been on a rolling contract with them for several years, 7 to be more precise. This October all of a sudden they sent me a notice about raising my rent on 200 pounds a months from December.  When December came, after I made my first increased payment, they invited me to talk and informed me about selling the house and that they want me out soon next year.

After New Year they asked me to come to the agency to talk. I came. They said that the landlord decided to give me 200 pounds back and I should carry on paying my usual rent till the end. And at this very meeting they handed the 21 Notice to me and made a picture of me taking it from their hands.


It looks weird to me. Why on earth would the want to stop charging me 200 pounds more? :o  There must be some reasoning. Most likely there is some sort of legislation on their way. I made some research at that time, and, as far as I remember, such move as increasing the rent because the landlord is selling the house would invalidate the Notice 21. Something of the kind.

jpkeates

No. That's not the case.

Everything handyman says is correct. So your answer is 1).

You can't really speed up a house purchase without cutting down on the checks you need to make and you shouldn't do that (and if you're taking out a mortgage you can't).

Apologise to the agent, but it will take them as long a time to process the sale as it will for you to buy, in reality. Agree that when you know your completion date you'll agree a surrender on that day, otherwise you'll end up paying rent after you move out, because you'll need to give notice.

goodfella

Quote from: jpkeates on January 23, 2024, 07:17:00 AMNo. That's not the case.

Everything handyman says is correct. So your answer is 1).

You can't really speed up a house purchase without cutting down on the checks you need to make and you shouldn't do that (and if you're taking out a mortgage you can't).

Apologise to the agent, but it will take them as long a time to process the sale as it will for you to buy, in reality. Agree that when you know your completion date you'll agree a surrender on that day, otherwise you'll end up paying rent after you move out, because you'll need to give notice.

Oh yes, thank you very much indeed for mentioning that surrender thing. I read about it the other day, and now I now I know what to do with it.