Landlords not allowed to sell home?

chicks4free

Why would you tell your mortgage provider that you are now renting?

I know lads that moved on from house to house. Living there initially and then renting it out while keeping the low interest rate on each house.

Banks will do everything they can to screw you over - do not help them to do it.

L1011

https://www.boards.ie/discussion/comment/122866783#Comment_122866783

Because it is part of the contract you signed to tell them so.

chicks4free

https://www.boards.ie/discussion/comment/122866821#Comment_122866821

Do not tell them under any circumstances.

If they find out they won’t be able to back date increased payments.

csirl

https://www.boards.ie/discussion/comment/122866588#Comment_122866588

A bank cant force someone to live in a property. Note that most mortgage contracts are silent on the issue of PPR. The original mortgage I had did not have any PPR restrictions. A much more recent mortgage I have on my current house doesnt either. People should read their own contracts! Note in my case there was not nor was there any danger of arrears either way, so that wasnt a factor.

redarmyblues

https://www.boards.ie/discussion/comment/122840855#Comment_122840855

Germany is not the renters nirvana that some people in Ireland imagine, there are two types of lease.

Fixed term - You are out at the end of the lease unless LL offers a new contract.

Indefinite - Your lease can be terminated with much the same notice periods as reasons as Ireland, Ending your tenancy in Germany

Germany protects renters’ rights and it is very difficult for landlords to terminate a tenancy.  Your contract can only be terminated on certain grounds, such as:

• Your landlord demonstrably requires the property for their own use (i.e. they want to sell the house or move in themselves).
• You repeatedly fail to pay rent on time.
• You use the property in a way that violates the tenancy agreement, such as subletting rooms without permission or keeping pets there.
• You engage in anti-social behaviour.

And you won't be kicking your heels not paying rent and wrecking the house with impunity for 3 years either.

It varies but rent increases are generally tied to CPI and not restricted to 2% as in Ireland, you may have to supply your own kitchen and furniture also.

Edit: Forgot to mention, you are liable to pay your landlord compensation if you quit a fixed term lease early which generally means paying the rent for the remaining time period on the lease, though you may be should to sublet with the LLs permission and even make a profit on this.

Emblematic

https://www.boards.ie/discussion/comment/122869579#Comment_122869579

I am not sure you are going to find a renter from Germany who has moved to Ireland that will say the situation for renters is superior here.

redarmyblues

The situation is better for tenants and landlords, both are protected and bound by the law unlike the situation here where tenants are protected but not bound by the law and landlords are bound by the law but not protected by it, but I digress my point was, there are grounds for "no fault evictions" in Germany for the equivalent of what is a part 4 tenancy here, under more or less the same conditions as currently prevail here.

jsd1004

You are comparing apples with oranges. A tenant is Germany will drop 10k furnishing their apartment. A tenant in Ireland will be straight on to the landlord looking for a hoover. A tenant in Ireland on Average will stay 1-3 years. A tenant in Germany could be there for life. Is one better than the other?

mrcheez

OP, rent the house to an Asian student or someone similar where there is a guarantee they will be leaving eventually.

Certainly my plan if I have to rent.

SupaCat95

https://www.boards.ie/discussion/comment/122872393#Comment_122872393

Advertise only in the local hospital. You will get junior Doctors or medical professionals on 2 year contracts, both long enough and short enough.