• I'm A Landlord Do I Need A Section In My Contract Stating The Mortgage Company Can Take Possession Of Property With Tenant Inside I Fall In Mortgage Arrears

    By Guest on 27th Sep 2019

    I've been told I need this clause in my AST

  • 2 Answers

    By Guest on 27/09/2019

    any idea?

  • By Guest on 28/09/2019

    If the lender takes possession they will automatically take your place as landlord, just as if the property had been sold. If your lender requires you to include such a term as a condition of your mortgage then yes you must include it. Otherwise it would not normally be required.

    www.notaryexpress.co.uk

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