Allow Landlords to evict tenants where there are 14 days rent arrears14:34 PM, 1st October 2020
About 4 weeks ago 97
I had a property sold by my lender for what I believe was undervalued.
It comprised of a house converted with consent into 4 x 2 bed flats producing £5200 per month on ASTs.
The lender kept the property for 1.5 yrs systematically vacating each flat thus reducing income. I believe each flat should have been sold separately, but instead after such a long period exchanged contracts who subsequently sold the contract at auction 2 weeks later and made £160k profit!
Does anyone know if any other cases of this kind have been reported or any comments greatly appreciated.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More