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Landlord Barricades Tenants In!

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Tenants didn't pay the rent so now he's behind on his mortgage.

It's not clear he is even telling the truth though.

She said: 'When we told him we were leaving there was no reaction and then the next thing I knew he said we were going to be served with papers. That was the first mention of any legal issue. She also says the landlord is claiming a total of £83,000 because they are leaving two years before the end of the lease.

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It's not clear he is even telling the truth though.

I think I'd side with the tenants, in any case, having tenants who are late payers is just part of being a landlord.

Basically, it seems, he's bankrupt, and there's no plausible way he can afford to keep the property but is in denial.

This is where the govt's zirp policy hasn't really done people like this a favour, beyond wasting a couple of years of their life pointlessly. If they'd gone bankrupt in 2008 they'd be out the other side by now and in a position to put their lives back together.

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I think I'd side with the tenants, in any case, having tenants who are late payers is just part of being a landlord.

Basically, it seems, he's bankrupt, and there's no plausible way he can afford to keep the property but is in denial.

This is where the govt's zirp policy hasn't really done people like this a favour, beyond wasting a couple of years of their life pointlessly. If they'd gone bankrupt in 2008 they'd be out the other side by now and in a position to put their lives back together.

Agreed.

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oh god it's 'arrow-gate

the property stupid of the north

same place they had an overpriced converted barn with all - I mean all - internal decoration bright white - in the middle of a muddy field

might still be on the market for all I know

and this guy here had his home for 22 years and is going to be evicted by his mortgage company?

on his own head. did he really think a 3 yr PLUS contract was worth anythink made out to foreign nationals? wht a plank.

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oh god it's 'arrow-gate

the property stupid of the north

same place they had an overpriced converted barn with all - I mean all - internal decoration bright white - in the middle of a muddy field

might still be on the market for all I know

and this guy here had his home for 22 years and is going to be evicted by his mortgage company?

on his own head. did he really think a 3 yr PLUS contract was worth anythink made out to foreign nationals? wht a plank.

To be fair he might have got ill and not been able to work or had an expensive divorce but, must have MEWed at some stage to be looking down the barrel of a possession order after 22 years.

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To be fair he might have got ill and not been able to work or had an expensive divorce but, must have MEWed at some stage to be looking down the barrel of a possession order after 22 years.

I think the clue is in the following quote:

'It is not fair what they are doing to us, they are single-handedly bringing down everything we have worked hard for and I am not going to stand by and let that happen.

Or in other words they have pyramided up to a sizeable 'portfolio' and the whole edifice is now crumbling. I find the 'worked hard for' to be a very reliable giveaway.

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The mortgage is the landlord's responsibility, not the tenants'. If he incurs penalty charges and legal fees then that's his problem and all professional, competent landlords know this. There is no basis for him to arbitrarily pass on these costs to his tenants and the moment he started to demand such payments and harassing this American couple they'd have every right to stop paying the rent and arrange to move out.

'I have blockaded the exits so they cannot go until I get the money. Every time the payments were late the mortgage company charged us. The charges amount to £6,000 alone. They also owe this month's rent and £6,000 in legal fees.'

The American couple are just one month behind in their rent (£3,000). The other £12,000 he claims they owe him are charges (£6,000) and legal fees (£6,000). He has attempted to imprison this couple because he's simply decided they should give him £12,000. If I were them I'd call the police.

Edited by Orsino

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The mortgage is the landlord's responsibility, not the tenants'. If he incurs penalty charges and legal fees then that's his problem and all professional, competent landlords know this. There is no basis for him to arbitrarily pass on these costs to his tenants and the moment he started to demand such payments and harassing this American couple they'd have every right to stop paying the rent and arrange to move out.

Pretty sure any legal proceedings are going to be seriously prejudiced by his own breach of quiet enjoyment and probably not even starting through lack of funds.

He should probably still torch the place before the bailiffs arrive it might discourage banks from future silly lending.

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A stark illustration that the value of credit is only worth what can be paid back.

Somewhere there will be a mortgage security backstopped only by these American chancers and this clown of a landlord.

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having tenants who are late payers is just part of being a landlord.

By logical extension, people thieving is part of being a shopkeeper ?

Similarly, anyone owning a car knows the risks of theft too, so no sympathy for them either.

I know its not very HPC to support Landlords, but the "it's business, they know the risk" attitude towards tenants not meeting their obligations is a little wearing.

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Soon Not a Chain Retailer' timestamp='1305666785' post='2990807']<br />To be fair he might have got ill and not been able to work or had an expensive divorce but, must have MEWed at some stage to be looking down the barrel of a possession order after 22 years.

22 years ffs and stretched to losing it all via repossession.

This looks like the same property in the To Rent part of Rightmove, prior to a fence being built as shown in the Daily Mail photos with the two guys carrying furniture away.

http://www.rightmove.co.uk/property-to-rent/property-18694980.html

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This clearly over-leveraged landlord is the sort of person savers are paying for with patheticly low interest rates so he can rent out cottages for £3k a month! He should have been allowed to go to the wall in '08.

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Local paper story. The £1 million pound farmhouse rental.

http://www.harrogateadvertiser.co.uk/news/harrogate-knaresborough-nidderdale/rent_row_landlord_blocks_off_1m_home_1_3386216

Big picture of the landlord struggling to pay his mortgage in his expensive designer Musto fleece. The tenants claim they've done everything above board.

“I have never been in this position before, I’m completely without hope,” said Mr Everingham, who has owned the property for the past 22 years and has never been a landlord before until he decided to lease it out to the family to help to support his business during the worst of the recession.

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By logical extension, people thieving is part of being a shopkeeper ?

Similarly, anyone owning a car knows the risks of theft too, so no sympathy for them either.

I know its not very HPC to support Landlords, but the "it's business, they know the risk" attitude towards tenants not meeting their obligations is a little wearing.

With shoplifting you have the usual legal remedies available to you as a landlord has legal remedies for non-payment of rent, forfeiture etc. - Yes shoplifting and general shrinkage is a fact of life for retailers any business model would have to account for some level of it.

Alternatively, you can devise you own strategies to mitigate your potential losses. With a car you can take out motor insurance, the landlord could have insured for non-payment of rent.

With tenancies it's a bit different as the tenant is making a covenant to pay the landlord x amount every month. This is flawed and no-one can make that covenant without the possibility of ever failing it unless they have the whole term's rent in a deposit account - in which case they probably (HPCers excluded) wouldn't be looking to rent in the first place.

If the landlord doesn't wish to carry the risk of rent non-payment he could always sell the property on the open market for whatever anyone is prepared to pay.

Incidentally, if the property is yours to rent out, and not the banks, you just evict the non-paying tenants and find some new ones and you've really suffered no material loss, the house is still very much there. Of course, if the property is actually the bank's it's all a bit different for you.

Obviously, I'm not impressed by someone who rents a property with the express intent of not paying rent that would be fraud but, I would still not advocate landlords having any further remedies made available than those presently.

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22 years ffs and stretched to losing it all via repossession.

This looks like the same property in the To Rent part of Rightmove, prior to a fence being built as shown in the Daily Mail photos with the two guys carrying furniture away.

http://www.rightmove.co.uk/property-to-rent/property-18694980.html

Good find. Available from the 1st of July. With (according to the article) 56 days to go until the bank repossesses the property, the new tenants can look forward to just under 2 weeks peaceful enjoyment of the house before the bailiffs turf them out. I wonder if Mr Etherington will refund their deposit, rent and costs?

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The landlord seems to be MD of an specialist insole and gel products company. Maybe he extended himself into debt to get his Dragon's Den style startup going. http://www.geldoctor.com/products.html

I swear yesterday I had a conversation with an elderly family member about insoles. Her complaining about painful feet, claiming your skin wears thin in the middle part at the bottom of feet as you get older. She said she'd get some insoles from the pound shop tomorrow. Even though no debt, owning her small house outright, and a ok pension, she said she couldn't afford the more expensive modern ones, or perhaps couldn't bring herself to pay the price. That's just one example though and his product line does look interesting though and perhaps there is a good world market place demand out there for his more advanced products.

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ridiculous - the £15000 he has calculated that the tenants owe him are broken down as:

£6000 in fines from the building society for late payment

£6000 in legal fees.

£3000 - the current months rent.

if he fails to pay the mortgage thats his problem, how he gets that money, rent or no rent, is irrelevant.

since when were tenants liable for the mortgage payments???

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ridiculous - the £15000 he has calculated that the tenants owe him are broken down as:

£6000 in fines from the building society for late payment

£6000 in legal fees.

£3000 - the current months rent.

if he fails to pay the mortgage thats his problem, how he gets that money, rent or no rent, is irrelevant.

since when were tenants liable for the mortgage payments???

Yep, what an utter tw@t; He is owed 3K but will probably end up with his property repossessed, a bankruptcy order and a prison sentence. Total, total d1ck, the police should arrest him for his own good.

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ridiculous - the £15000 he has calculated that the tenants owe him are broken down as:

£6000 in fines from the building society for late payment

£6000 in legal fees.

£3000 - the current months rent.

if he fails to pay the mortgage thats his problem, how he gets that money, rent or no rent, is irrelevant.

since when were tenants liable for the mortgage payments???

Yes, it's utterly ridiculours that the LL thinks he can pass on the late fees and legal charges on his mortgage to the tenant.

T claims they are up to date with the rental payments anyway, and that the LL is trying to claim a total of £83,000 to cover the remaining two years on the lease, despite the fact that the T only had to give 30 days notice to terminate the contract.

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The landlord seems to be MD of an specialist insole and gel products company. Maybe he extended himself into debt to get his Dragon's Den style startup going. http://www.geldoctor.com/products.html

Wow, good find. If that's the 'business venture' that he got into debt to fund, then it's not looking good for him. Who would spend £15 for a gel insole when you can buy them from the poundshop for, well, a pound.

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Wow, good find. If that's the 'business venture' that he got into debt to fund, then it's not looking good for him. Who would spend £15 for a gel insole when you can buy them from the poundshop for, well, a pound.

I bought some insoles recently for walking boots. Very good quality ones that mould to the shape of your foot very comfotable too. They cost £4.99 for the pair and were about the most expensive ones I saw. There's no way I'd pay £15 for tacky gel ones!

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Like, how much does 10 skips cost? Does the bank know that they are renting it out? They do now and does he have the correct BTL mortgage? I would recommend the tenant gets one of his airforce buddys to accidently drop a bomb on said house....I mean, they get away with it every where else in the world.

TBH, if I was local, I would go down and help the family move out.

Edited by endgame

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