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Squatters 'cause months of delays' - buy to let mortgages

20 July 2009

Landlords could be wise to keep a watchful eye on their properties in order to avoid paying on buy to let mortgages for squatters to live rent-free.

The Daily Mail explains that, providing they do not cause damage to a property, there is no law against squatters being present on-site.

As a result, if they are able to occupy a vacant property without breaking in, landlords are left facing a lengthy battle to have them leave.

Elizabeth Brogan, senior policy officer at the National Landlords Association, tells the publication: "It is a very tricky legal situation."

She adds: "It's very easy for landlords to do something they think is reasonable, but that could put them on the wrong side of the law."

The news provider's advice to those looking to protect their investment in property - which may be paid for by buy to let mortgages - is to make it appear as though somebody is home with light timers and by moving curtains and blinds.

Previously, the Daily Mail reported a couple who asked if they could rent a number of properties over an 18-month period but, after moving in, claimed squatters' rights and refused to pay rent or utility bills.

Why not take a look at our best Buy to Let mortgages and make an enquiry online now.

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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