Notice under Ground 2 in the Schedule in the Housing Act 1988
On looking at the relevant part of the Act it appears that if I default on the mortgage it would mean that the lender would be able to obtain possession of the property under Power of Sale and this would over rule the AST benefits for the tenant.
Does anyone have such a notice?
On speaking to my Conveyancer it appears that so far, Northern Rock and Clydesdale Bank are both putting this special condition in their buy to let mortgages - is this the start of a worrying trend by lenders - would you as a tenant be happy with that i.e to be homeless through no fault of your own?
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