Selling a tenanted property

Selling a property with a tenant in place doesn’t have to mean ending the tenancy. Since Section 21 was abolished, gaining vacant possession has become slower and more involved. Selling directly for cash means the tenancy can simply transfer to us instead.

Our guide covers tenancy transfer, deposit protection, and how Ground 1A affects landlords wanting vacant possession. Read our in-depth guide on selling a tenanted property for more detail.

Keep your tenant in place throughout. Avoid the cost and delay of ending a tenancy. Sell with your rental income intact until completion.

Being in this position means you want to sell while your tenant remains living there. The tenancy simply transfers to the new owner at completion. This avoids the cost, delay and disruption of ending it first.

Traditional open-market buyers often want vacant possession to move in themselves. This significantly narrows your buyer pool for a tenanted sale.

• Owner-occupier buyers generally wanting an empty home: Most residential buyers are looking to move in, not inherit a tenancy.
• Mortgage lenders sometimes requiring vacant possession: Certain mortgage products are only available for owner-occupied purchases.
• Fewer buyers willing to manage an existing tenancy: This leaves a smaller pool of landlord or investor buyers interested.

Ending a tenancy before selling can cost you more than expected under current rules.

• Four months’ notice required under Ground 1A: A landlord seeking vacant possession to sell must give at least four months’ notice.
• Lost rental income during the notice period: You stop receiving rent once the tenant leaves, even before a buyer is found.
• Estate agency fees on a vacant sale that took months longer: These further reduce what you ultimately receive.

A direct cash sale accepts the tenancy exactly as it stands. There is no need to end the tenancy before selling.

We purchase your property directly using our own funds. We take on the tenancy, keeping your tenant’s home secure. Your rental income continues right up until completion.

• Absolute continuity: Your tenant’s home remains secure throughout the sale.
• Zero hidden transaction costs: There’s no commission to an agent, and standard conveyancing costs sit with us.
• A seamless legal transfer: Our team manages the tenancy transfer and deposit protection correctly.

We routinely purchase tenanted properties without requiring vacant possession.

• Landlords with long-standing, reliable tenants: Purchasing properties where the tenancy is working well and shouldn’t be disrupted.
• Owners wanting to avoid the four-month Ground 1A notice period: Stepping in to buy with the tenancy intact instead.
• Landlords selling as part of a wider portfolio exit: Buying tenanted properties as part of a larger sale.
• Owners wanting rental income to continue until completion: Purchasing properties without any gap in rent collection.
• Landlords whose tenant doesn’t want to move: Buying properties in a way that protects the tenant’s home.

If you want to sell without disturbing your tenant, contact us today for a cash offer.