I wonder whether contacting the mortgage lender with a view to buying the house after repossession might be an idea. It seems on the surface that the building society may have reason to think that they had a ready-made client in occupation.
I would jump at the chance of being forced into a negotiation over my home!!
Any tenant being evicted because of landlord repossession should speak to their local authority housing advice section even if you have rented in the private sector advice will be given if you are on benefits they may even be able to help .
Unlikey Mike as the landlord is probably going bust himself or he would change to an interest only mortgage or anything to keep his business going. A big worry is tenants deposits. If paid before April 2007 the agent or landlord holds this and several agents have gone bust. Polar
Middi, Any repo property must be advertised openly for offers otherwise someone would be bunging properties to their mates for the outstanding mortgage (assuming there is equity in these troubled times) There is nothing however to stop you joining in with the bidding at usually knock down prices.
As a side tenants in the UK usually have at least a six months shorthold tenancy in place. In the normal scheme of things a landlord keeps the tenant in for as long as possible and after 6 months it reverts to a periodic tenancy. The notice period for a shorthold tenancy is 6 months is one month and a periodic ..2 months. Polar
Well I'll give everyone a little more to worry about in this crazy world. I have heard several cases lately where landlords have got divorced, the other half has demanded half the assetts and so half the tenants have suddenly got a new landlord whose only aim now is to dispose of the property and get the cash. Thats the world of divorce for you.