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Old 21-02-2009, 20:20   #6
Royboy39
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Re: What about the tenants?

Quote:
Originally Posted by Caz View Post
I know the landlord wouldn't have any say, if he/she has just lost the house. It's the mortgage lender I'm on about. There must be some legal rights in place surely?
In the current climate i would suggest that an approach is made to the lender...the mortgage payments may be considerably less than the rent that is paid.

If the house is about to be reposesed I am sure the lender would rather have a sitting tennant than an empty property and farm the house out to a letting agent.
Consult with the local CAB and they will ensure you get the best deal.
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