We Buy Sitting Tenants
An easy way to sell your sitting tenants with the minimum of fuss is to deal with a a company that specialises in purchasing these specific types of tenancies. A lot of property investors think that when they agree to buy a property that has got a sitting tenant they can ask the tenant to move out. the problem is that a sitting tenant does not have to move out as they have the right to remain in the property until they die.
These types of tenancies are also called protected tenancies, controlled tenancies, regulated tenancies, and assured tenancies. In short if you buy a house with a sitting tenant they have the absolute right to stay in their house until they die and even then the tenancy could be inherited by a family member if they reside in the property in question.
Sitting Tenant Investors
You will be very hard pushed to borrow money against a property that is occupied by a sitting tenant as the rental income is very low indeed and the banks don't really understand what they are lending against. They are therefore not considered good security for mortgage purposes.
A lot of buyers think that they are getting a good buy when they agree to buy an investment property of this nature until it is pointed out that they are not allowed to set the rent as this is set by the rent officer who works for the local rent service.
The rent is increased every two years but only if you apply and many factors are taken into consideration by the rent officer when setting the rent.
Fast Track Conveyancing
We understand the true nature of these property investments so will not raise uneccessary enquiries concerning the tenancy.
We are able to deal with all of the problems that arise with a secure tenancy and can even buy your property if you are in dispute with the tenant or there is a problem collecting the rent. We will buy your investment even if it has structural problems.
No Survey Quick Completions
If you would rather not inform your tenant that there is a pending sale then you can wait until the sale has completed. We do not need to inspect the property or carry out a survey which we find minimises any inconvenience caused to you or your tenant.
If you are a serious seller and genuinely want a fast sale we can agree a sale today and complete as quickly as you want.