Not moving out of a property will cost you & your credit

Brett Alegre-Wood
March 8, 2023

A lot of people stay in a property for a long time, even when they no longer need or want the home. But if you stop paying your mortgage, this will affect your credit. By not moving out of a property you are actually costing yourself money. Find out why staying in one place can cost you more than moving out of a property.

Video Transcription Not About Moving Out of A Property

I also find it interesting because some tenants think that once they've been told given notice to move out if they just stay there. And in fact councils now, which I think it should be illegal, but councils are telling them to stay in the property until the bailiff turns up, what they aren't telling them is the fact that they're going to be charged for the court fees, they're going to be charged for the bailiff fees. And all that is going to add up to somewhere between 1500 pounds to probably 3000 pounds. 

So if you're a tenant, you don't want to move out of a property and the council is telling you to stay put, well then just expect that extra to, you know, 1500 3000 pounds to be added to the bill, which is going to ruin your credit rating for the next six years. I'm sure they're not going to tell you that. So how to think about that before you stay in the property longer than you should be. All right. Your landlord has reasons for wanting you out. It may be that they can't afford it. They've got to sell it, whatever it is. Yeah, they have the legal right to do it right now. So think about that.


Not Moving out of Property, UK Property Investment, UK Property Investors

Our Capital Growth Picks - Regeneration Hotspots & Developments

We Give You First Access & Negotiate Discounts on london and UK Property Development in the latest Regeneration Hotspots.






Our Cash Flow Picks - High Yielding BTL, HMO & Assisted Living

Access Fully Managed High Yielding Property In UK Minor Cities.










Current Developments

View Available Property

Related Property Articles & News

Where to Invest in the UK in 2023

Where to Invest in the UK in 2023

Why Invest in UK Property in 2023 – The World’s Flight to Safety Option, Reignited

Why Invest in UK Property in 2023 – The World’s Flight to Safety Option, Reignited

One Great Property Idea

How Property Investors with Little Time Can Invest in New Build and Off Plan Property using a Regeneration Strategy and Where Exactly to Invest.


530pm London GMT


1230pm London GMT

Property Investment... Effortlessly Done For You!

UK Property Investor Guide


UK Property Investors Guide

Watch our 25 part video series + Download Book