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Sell A Tenanted Property

We’ve bought hundreds of buy-to-let properties.

  • FREE cash offer within minutes
  • Receive funds in 7 days
  • A guaranteed sale on any property

Selling a tenanted property can be difficult.

You may be wondering whether you can sell a property with a tenant in it.

The answer is yes, you can.

We’re here to help you do it.

Our team of industry experienced experts have purchased many buy-to-let properties.

They can guide you through the steps for a smooth, fast sale that respects the rights of your sitting tenants.

Free cash offer within minutes, any condition, any location.

Why sell a tenanted property?

This legislation prevents landlords them from deducting mortgage interest and other finance costs from rental income before tax.

It has left many landlords out of pocket and eager to sell.

Section 24 Landlord & Tenant Act

This legislation prevents landlords them from deducting mortgage interest and other finance costs from rental income before tax.

It has left many landlords out of pocket and eager to sell.

Increased regulations

Increased regulations have lowered the profits from renting out property.

For example, landlords must now meet stricter requirements for:

  • Energy efficiency
  • Electrical certifications
  • Selective licensing

Releasing locked capital

Many landlords choose to sell rented properties to free up their investment.

This might be to get out the industry altogether or to diversify some of their investments away from it.

EWS1 Issues

The Grenfell Tower fire in 2017 changed regulations. Formal safety reviews are now mandatory under certain conditions.

For example, for buildings with cladding or over a certain height.

If you own a leasehold on a tenanted flat, you may find it difficult to sell because of cladding issues.

The freeholder of the building may not be willing to pay for the safety review. Or they may charge you to complete it.

The situation can be worse if the property you own is in a council-owned building.

Councils rarely wish to incur any costs that benefit private leaseholders.

We Buy Any Home buy with our own funds, so we can buy flats with these issues.

Regardless of your reason for selling, we can purchase buy-to-let properties in as little as 7 working days.

What is an Assured Shorthold Tenancy Agreement?

Prospective buyers usually want to view properties before making offers.

Opening the property to viewings may breach the tenant’s right to quiet enjoyment.

Your agreement might prevent you from conducting viewings without tenants’ permission.

At We Buy Any Home, we don’t require viewings to purchase your property. This is why so many landlords use our service.

Viewings

Prospective buyers usually want to view properties before making offers.

Opening the property to viewings may breach the tenant’s right to quiet enjoyment.

Your agreement might prevent you from conducting viewings without tenants’ permission.

At We Buy Any Home, we don’t require viewings to purchase your property. This is why so many landlords use our service.

Refurbishments

Before selling a property, some regular homeowners renovate or re-decorate it to maximise its appeal.

Landlords are often limited to the improvements they can make. Tenants’ rights prevent disruptive work without permission and planning around tenants’ living patterns.

The difficulty of this depends on the relationship between landlord and tenant. And how disruptive the refurbishments are likely to be.

At We Buy Any Home, we buy homes in any condition. So, you don’t have to worry about gaining access to the property to update fittings and fixtures.

We can buy the property directly from you, with tenants in situ.

Terminating an Agreement

Selling tenanted properties on the open market takes control away from sellers.

Finding another landlord to sell to is unlikely.

Ordinary buyers will often require your tenants leave. The time this takes dependents on the terms of the tenancy agreement.

But a long notice period could make sales fall through.

At We Buy Any Home we can offer a guaranteed sale for tenanted properties.

We won’t require you to end the tenancy. This means you don’t have to disturb your tenants in to appease a buyer and achieve a sale.

Free cash offer within minutes, any condition, any location.

Can I sell my tenanted property?

You can also sell a tenanted property to an ordinary buyer who will live there once the sale is completed.

If you have an Agreed Shorthold Tenancy agreement (AST), you can serve your tenants a Section 21 notice.

You will need to wait for this notice to expire before your property sale can complete.

If your your tenant refuses to leave, you can initiate eviction process.

Either way, at We Buy Any Home, we can purchase properties with tenants in. We adhere to existing tenancy agreements, so your tenants won’t be affected.

Many properties we buy remain as buy-to-let.

We often sell them to investors eager to expand their investment portfolios. Or we rent the properties ourselves.

Selling your property to another landlord means that your tenants won’t need to move out.

Your assured shorthold tenancy agreement can be transferred to the new landlord.

The new landlord must honour the existing terms for the remainder of the tenancy.

So, you won’t lose income in the lead up to the sale.

Some landlords want to sell their buy-to-let properties because of problem tenants.

These tenants may refuse to let prospective buyers enter the property.

Or they might have left the property in bad condition.

At We Buy Any Home, we purchase properties with problem tenants.

And we will also buy your property no matter what the condition.

Sell your property to an ordinary buyer

You can also sell a tenanted property to an ordinary buyer who will live there once the sale is completed.

If you have an Agreed Shorthold Tenancy agreement (AST), you can serve your tenants a Section 21 notice.

You will need to wait for this notice to expire before your property sale can complete.

If your your tenant refuses to leave, you can initiate eviction process.

Either way, at We Buy Any Home, we can purchase properties with tenants in. We adhere to existing tenancy agreements, so your tenants won’t be affected.

Many properties we buy remain as buy-to-let.

We often sell them to investors eager to expand their investment portfolios. Or we rent the properties ourselves.

Sell your property to another viable landlord

Selling your property to another landlord means that your tenants won’t need to move out.

Your assured shorthold tenancy agreement can be transferred to the new landlord.

The new landlord must honour the existing terms for the remainder of the tenancy.

So, you won’t lose income in the lead up to the sale.

Selling a property with problem tenants

Some landlords want to sell their buy-to-let properties because of problem tenants.

These tenants may refuse to let prospective buyers enter the property.

Or they might have left the property in bad condition.

At We Buy Any Home, we purchase properties with problem tenants.

And we will also buy your property no matter what the condition.

Here you will find the latest UK property
news, as well as industry tips and advice.

View Sell A Tenanted Property articles
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What Makes a Good Landlord?
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Selling a Buy to Let Property
Does a Short Lease Devalue a Property? (& By How Much?)
Can You Sell a Buy-to-Let Property to a Family Member?
What is the Rateable Value of my Property?
When Will Ground Rent be Abolished?

Free cash offer within minutes, any condition, any location.

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