Buying off my landlord

[Rdd]

i rent my property from my landlord. The landlord is in between mortgages so his original lender has passed the property over to a receive me to manage for the moment. The landlord has asked if I would like to buy the property which I would and he will use the money to pay off his mortgage. From a legal point of view can he sell it to me even though a receiver is currently managing the rental side of it?

If the property is being managed by a receiver, that suggests he owes significant debts.

You need to be very, very careful about this - if he doesn’t have the legal right to sell the property (very likely), he will take your money but you won’t own the house.

Best case scenario, you get the money back when he realises that’s not how it works.

Worst case scenario, he already knows that’s not how it works and he’s planning to take your money and run.

Edited to say: a lender does not pass a property over to a receiver because someone is ‘between mortgages’ - the mortgage just rolls onto a standard rate for the lender so that isn’t the real reason for the receiver to start.

You don’t get property passed to a receiver because you are ’between mortgages’.

Even if the landlord has the right to sell the property, I’d be very concerned about what condition it’s in and whether he’s bothered to do any maintenance on it. Once you go from renting to owning, you notice things you didn’t need to worry about before.

I’d consider looking for a different property to buy instead.

Hi thanks

il currently living in the said property so know the condition etc

To proceed there would need to be lawyers involved in any case, so you can express interest and see where that takes you. The mortgage provider / receiver would need to be informed and agree to this being a potential way of getting their money back from your landlord. It’s possible that it might work out for you.