Quote:
Originally Posted by Caz
Buy-to-let landlords hit hard by recession - Mortgages, Money - The Independent
An article about buy-to-let landlords being in the poo due to the recession.
Nowhere in the article does it mention the position of a private tenant if it goes belly up.
Just wondering where myself and others would stand if mortgage companies repossess tenanted houses? Assuming they would evict, as they would want to sell the properties.
Anyone know anything about this. If you get an eviction notice out of the blue, are there any extra rights, seeing as you are not at fault? Would there be extended time to find yourself another home, rather than the average 4 weeks, whilst paying rent to the mortage company?
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Thats an interesting question nothing i would have thought about i guess the morgage company would hopefully have some consideration especially for indivduals with children. I am almost certain their would be some legal rights on your side for extended time. Very interesting .I will check this out on Monday and let you know.