I am considering buying a property that is in the process of reposession. It is my intention to wait till the property is reposessed and then negotiate with hte lender. However, I am worried that the current landlord may grant a 12 month tenancy agreement to a member of his family in order to stave off reposession for a year. In this situation what would the lender be more likely to do? Go with the tenancy till they can auction the property or would they just section 21 the tenant?
I would appreciate any advice.
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