What would you do - Landlord asking if we want to buy the house we are renting

[SimonMac]

No frills Christmas, or the house you want?

Think of the house as the family Christmas present, and if the kids don't like it, send them out to get jobs.

To be fair I have no qualms with a no frills Christmas, and yes long term if it means getting the house we are already settled in all the better

[SimonMac]

As WTFH states all you can do is ask what he is after, how much he wants and how long he is willing to wait. Then check the current price via zoopla and recently sold prices.

You could also check if he was willing to accept a part exchange for rather quicker progress (no harm in asking)

Looked on Zoopla, and its doable if we don't sell the other house (depending on bank saying yes to a second mortgage with a house without a tenant)

When emailing the landlord, would you copy in the letting agent?

[WTFH]

When emailing the landlord, would you copy in the letting agent?

1. No.
2. No.
3. If a former ClientCo offered you a role, would you phone an agent to see if they would like commission, or like to impose restrictions on you/the client?

[MrMarkyMark]

When emailing the landlord, would you copy in the letting agent?

Of course, if you don't mind paying him a cut

[Old Greg]

Answer depends on whether you're currently living in a flat above a betting shop in a Scottish post-industrial wasteland.

[SimonMac]

Answer depends on whether you're currently living in a flat above a betting shop in a Scottish post-industrial wasteland.

Nah large four bedroom house in a leafy suburbs, I would go as far as saying if it had a London postcode it would be worth millions, as I am lucky enough to live in God's Own Republic of Yorkshire its a snip at a few hundred thousand

[RetSet]

Phone call from the letting agent on behalf of the landlord asking if we are still interested in buying the house,

Easy.

Exchange with Delayed Completion, 'babysit' the BTL mortgage that your LL already has in place, and work out something between yourselves about how you repay his equity.

Or, if he owns the place free & clear, ask him if he will provide the financing for you. If he gets (say) 3% from you, that's way better than the 0.2% (or whatever) he'd get from the bank.

You'll both need solicirors who understand creative finance. I can give you details of a couple if the above appeals to you.

[MarillionFan]

What's the value and rental yield?

I'm just buying some more BTL at the moment, if it's worth it I'll buy it and rent it to you. Just don't get behind on the rent I've been watching Can't Pay and would love to send the boys round.

[LondonManc]

The following assumes that you want to buy it:

Go direct to landlord, invite them round for a coffee and a chat.
Be honest, that you want to buy it but that you need to sell your own first. For him, it saves on estate agency fees and he doesn't have to worry about managing viewers. If you've got a good relationship with them, it should be a straight forward enough deal; perhaps agree a point at which you have to accept that it's not going to happen in time?

[MrMarkyMark]

What's the value and rental yield?

I'm just buying some more BTL at the moment, if it's worth it I'll buy it and rent it to you. Just don't get behind on the rent I've been watching Can't Pay and would love to send the boys round.