Landlord has book a property valuation and I’m scared

[Bythehairywartsonmywitchychin]

Hi, my landlord has booked a property valuation saying it’s for landlord insurance purposes. Could he be thinking of selling? I’m so worried if I have to move. I have absolutely no savings and in my overdraft, I have a bad credit sore so will fail a credit check, have no friends or family to borrow money off and won’t be able to get a someone to act as guarantor.

I even tried a few years ago to apply for social housing and failed their credit check.

Does anyone have any suggestions what I can do? I’m so worried

They might just be remortgaging.

Please don’t worry yet. I know what it’s like though, I was in the same boat for years. Three LL in succession sold up on me.

Or yes, they might just need a recent valuation for their insurance.

Fingers crossed he won't move. If he did evict you and you became homeless I think the council would gave to house you. Or look up the centrepoint homeless charity.

If he is considering selling he may be thinking about selling with you as a sitting tenant. If someone is buying as a buy to let, it's best for them they often prefer there to be already a reliable tenant in place as it saves them a gap in rent.

I can understand you being worried though .

I hope he isn’t selling, but if they start taking photos I’ll point out everything what is wrong and needs fixing, which hasn’t been fixed after asking several times lol!

I’ve just spoken to a charity and could probably get help with moving costs, I’m still worried though due to my poor credit rating that a letting agent won’t accept just a bond and 1 month up front.

It really is most likely for remortgaging purposes. You can get far better rates going with a new provider than staying loyal bit unfortunately that calls for a new valuation. I am sure it will be fine. Good to think about a plan B just in case but take each day as it comes and try not to worry because I suspect it is just that.

There’s nothing you can do. Worrying won’t help either.

Are you doing everything you can to improve your credit rating? Paying off your overdraft and getting straight will be a weight off your mind. I know it’s hard, but it’s worth it to try.

I’m trying to improve my credit rating I’ve 2 ccj’s which will be there for years, trying to keep out of my overdraft but gone back in it due to needing to repair my car. I could approach the charity I’ve contacted for support with moving, but don’t want to abuse that as I’ll need help with moving at some point.

All I seem to do is pay out each month and have nothing to save. I don’t have a partner so no one to go halves on bills etc, which would help a bit as I might be actually able to save and start paying more on my debts. Ex has said he will act as guarantor, didn’t want to ask him but that’s one weight off I suppose

If it’s for remortgage, they won’t be taking pics.
Good luck OP.

I'm guessing you have no insurance of any kind; so you're unaware that all insurance companies set rules and standards the client (your LL) must meet and comply with. Insurances , and mortages, run for a set period, then the client has to arrange a new cover policy, another loan, and satisfy their new terms and conditions.