UK Landlord Forum / Life

Hi,

I've been living in my current property for 4 months (out of a 12 month AST). It's one flat of several in a converted house.

Someone from my landlord's management company visited my flat today to show the property to a group of investors. I'm not too bright, so I have no idea what this means for me and my tenancy (if anything) and I also have General Anxiety Disorder so I worry a lot more than I should over really little things!

What does "investor" actually mean here? Is it likely that they'll become my new landlords? Or does it mean something else? I worry that this means I'd have to start hunting for property all over again.

Regardless of what this means,I think you should be o.k. for the remainder of your 12 months tenancy.Even if the ownership changes,these things can take many months to go through,and they will very possibly take it on with the current  tenants in situ as part of the agreement.Please don't get too worried about this.they can't just throw you out.Maybe contact CAB for some further information.Keep paying your rent,be a good tenant.   

Thank you for your reassuring words!

Quote from: JoeAverage on October 16, 2018, 05:04:13 PMWhat does "investor" actually mean here? Is it likely that they'll become my new landlords? Or does it mean something else? I worry that this means I'd have to start hunting for property all over again.

We're guessing just as you are. And where you should not... there is often a fine line between planning, being prepared and agonising over something (unnecessarily). It's a personality thing. Why worry about things (overly) that haven't happened yet? Rest assured... if something happens and you need Landlord type advice - you can be sure you can come here for some advice. For now, live your life, because that's all you can really do... you can't influence what is going on in-between other parties. You react when things happen... not before. For the time-being... you appear to be in a 12 month AST... and at 4 months... so even if the Landlord changes, your AST doesn't.

If that happens, then come back here... we'll tell you all sorts of useful stuff, like how you can't be forced to leave your home, like how you can't be forced to sign a new contract, like how your new Landlord must serve a correct notice on you - telling you who they are - otherwise no rent is legally due... sit back and watch your favourite soap. Things change. Sometimes for the better... you just never know.

Ah! That's not a bad bit of advice in many situations Hippogriff,quite timely for me.

Quote from: Hippogriff on October 18, 2018, 07:11:35 PM
For now, live your life, because that's all you can really do... you can't influence what is going on in-between other parties. You react when things happen... not before. For the time-being... you appear to be in a 12 month AST... and at 4 months... so even if the Landlord changes, your AST doesn't.

Thank you, I will keep that in mind! (And the rest of your post, but this was the bit that stuck for me!)

Having investors come to look at the property quite often can simply mean that the owner could be expanding his portfolio and is seeking investment.  He may simply be showing the potential investors the properties he has now, the type/quality/style etc.  He could also be showing lenders who require collateral.
In any event, if you have a 12 month lease, you're safe for at least that much, I wouldn't worry at all.  If you are still anxious, why not phone the owner/agent and ask, I'm certain it would put your mind at rest.

Hi all,

As an update to this, I've just had an email to say the landlords think they'll have to sell the house.

I guess this doesn't change anything (yet?) but it does make things a little bit clearer!

No,nothing changes for you.Houses  can  take a long time to sell.A new owner can't just kick you out,and in fact may view you as a valuable asset.