Selling With A Sitting Tenant
Selling a house with a sitting tenant is not a complicated procedure. We purchase residential
flats and houses
with sitting tenants throughout London and the United Kingdom. In most cases our company will not need to meet your tenants therefore minimising any inconvenience that this may cause.
If you own a tenancy of this nature and you would like an idea of your investment's
value you can get in touch with us through our contact page. Provided you
can give us a little information we will be able to make an offer within
24 hours.
No Survey Or Internal Inspection Necessary
We will not need to carry out a survey of your building and neither will we need to arrange funding for our purchase. Generally speaking we do not need to meet your tenants and neither will we require access to your property.
In our experience there are a lot of delays when companies try to borrow money against regulated tenancies as they are pretty much unmortgaeable in this current financial climate.
Because of the nature of the tenancy and the very low rent that is paid they are not considered as good security against a loan, it is therefore very importortant that if you have received an offer for your property you should ascertain whether your buyer is trying to borrowing money against the property as there will be little chance of your property transaction proceeding to a smooth completion if they are attempting to finance the purchase through a bank.
A Quick Sale And Fast Completion
Generally speaking
provided our solicitor receives the necessary documentation we will exchange
contracts on your property immediately and complete at a time of your choosing. We can complete the sale
immediately should you wish or we can delay the completion to suit you.
Please note that all sales are treated in the strictest of confidence and that we will never speak to your sitting tenants without your permission or attempt to make any contact with them.
Legal Fees Paid
As part of our fast track service we will also oay your solicitors legal fees in connection with the sale of your property to our company. We will reimburse your solicitors fees to you on completion of the sale. This will save you a figure in the region of £1,000 + VAT. For more information please speak to a member of our sale team.