I’ve just purchased a shared ownership property. We’ve only just got the ball rolling with paperwork but nothing has been signed yet, contracts etc and I don’t even have a moving date yet. I’m not sure what the vendors situation is and how soon she can move. I currently rent and have done for the last 5 years and the other shareholder has obviously seen that from the paperwork. On top of my mortgage I will have to pay them a small amount in rent each month and due to this they need to obtain a reference from my current landlord just to make sure I’ve paid the rent on time every month.
My plan was to wait until everything was finalised with the new property before telling my landlord and giving notice just incase it all falls through or I end up waiting a while to move. Properties where I currently live are hard to come by (small village) so I would rather wait until I know I’m definitely leaving before giving notice. I’ve asked the shareholder if I can provide bank statements instead which clearly show I’ve paid the rent on time every month for the last 5 years but they’ve said no, it must be a reference.
Obviously I will have to give them the details if I want to continue with the purchase but AIBU in thinking this requirement must put people in a really awkward position? If I lived at home with parents/family then this wouldn’t be an issue so it seems slightly unfair. They don’t make it easy for people, do they?!