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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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Original poster

To think I’m about to get evicted?

20 replies

Housingwoes · 03/12/2018 13:07

Just had a letter from my landlord saying there’s a routine mortgage valuation taking place here on Thursday and can I let the valuer in.

Now I’m scared they’re selling and I’m going to get notice to leave.

Are there any other reasons for a valuation to be done on a property? Does the landlord have to tell me they’re selling?

I have pnd and anxiety and I’m so worried I’m going to lose my home. I have no savings so can’t afford fees/deposits etc I’m really panicking here.

OP posts:

Iruka · 03/12/2018 13:08

They might be changing mortgage provider, I had to get a valuation done when I did that

dirtystinkyrats · 03/12/2018 13:08

They could just be remortgaging, or divorcing if its a couple. Or yes looking to sell but most people if they have any choice will be holding onto property right now.

Original poster

Housingwoes · 03/12/2018 13:11

House is owned by a property developer company if that makes a difference but was advertised by and I pay my rent to a letting agent.

OP posts:

TheLittlestLightOnTheTree · 03/12/2018 13:12

Could be looking to put it on market in the new year, I think you will be fine for now op

purplelass · 03/12/2018 13:14

What are the terms of your lease? How much notice does the landlord have to give you if you do have to leave?

If you do have to find somewhere else, you should get your deposit back on this place to use on the next, surely?

Original poster

Housingwoes · 03/12/2018 13:20

Was an initial 6 month contract then on to a rolling 1 month contract so it’s just 1 month notice.

I only get deposit back when I leave I think so would be too late. Plus deposit was only £600 which is not enough for fees/month upfront and new deposit. I’m on maternity leave so only getting SMP at the moment so no way to put money aside

OP posts:

Bluntness100 · 03/12/2018 13:24

If it's a mortgage valuation it's more likely that it's about a new mortgage. I woildnt be overly concerned. Very different if it was an estate agent.

cheesybakedbean · 03/12/2018 13:25

Our landlord did the same about a year ago. I thought exactly the same as you, but we haven’t heard a word since so I assume he was just loooking for a new mortgage deal.

redsummershoes · 03/12/2018 13:26

rolling contract means the ll has to give 2 months notice minimum.
the tennant can leave with 1 months notice.

hazell42 · 03/12/2018 13:27

Unless you have had an official notice to quit, (two months just about) don't waste a second worrying about it.
My landlord IS selling. I have had to take advice. And the two months notice is required before they can BEGIN eviction proceedings. Plenty of time to find somewhere else. LA will often help with deposits too
Don't worry about being out on the streets

Dragongirl10 · 03/12/2018 13:27

Op l am a LL and every few years l remortgage, it doesn't mean l am selling. Just ask your letting agent if he knows anything.

mummmy2017 · 03/12/2018 13:28

Packing as we speak, since he can only give notice before a month's rent starts, think you should be OK.

barrelohflaughs · 03/12/2018 13:38

I worked in a letting agents for a few years and it wasn't unusual for a LL to have a valuation done for mortgage purposes as PP have suggested.

Original poster

Housingwoes · 03/12/2018 13:52

Thank you all. Fingers crossed it’s just a remortgage

OP posts:

Efferlunt · 03/12/2018 13:53

I’ve had valuations done for remortgaging my rental property with not intention to sell.

I think it would be likely to be that. It’s really not a good time to be selling houses at the moment.

sossages · 03/12/2018 13:55

My last landlord got a mortgage valuation as we were moving out at the same time as advertising for new tenants. I think it's pretty standard if they're remortgaging.

If we're all wrong and they are selling, they can't just kick you out. Either your tenancy transfers to the new owner or there's a fairly long process they have to go through before you actually have to leave. Have a look at the Shelter website (which will likely also tell you that while your notice period may be one month, theirs to you is very possibly 2! What's on your tenancy agreement is not always the legal position.)

Grimbles · 03/12/2018 13:59

If they were planning to sell then it wouldn't be a mortgage valuation taking place (which in my experience amounts to little more than: there is a house, it has the correct number of rooms and is in decent nick so is worth more than what is being borrowed)

zenasfuck · 03/12/2018 14:06

The landlord has to give you two months notice to leave

SaveKevin · 03/12/2018 14:10

Fingers crossed for you, mine used to have them quite often as they had a weird set up with mortgages on my property to buy others cash . He used to seem to enjoy sending round estate agents and surveyors. Always put me on edge every time.
One of the surveyors did the stinkiest shit i have ever smelt in my toilet, that did not impress me.

and yes you need 2 months notice if your being evicted, 1 month notice for you, 2 for them.

I have my fingers crossed for you.

LakieLady · 03/12/2018 14:14

Someone I know has a (very old) BTL mortgage that is 0.25% above base rate. The bank would love her not to have this deal any more.

They value her house every year, in the (forlorn) hope that the equity will be less than 25% and they can insist she remortgages at a much more expensive rate.

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