What makes us different when buying your rental property?
Why we are different to other property buying companies
We buy tenanted and rental properties for cash
Many companies claim to buy properties for cash, so what makes us different? Here are the things you should know before choosing to sell your rented property to us:
- We are professional landlords with our own in-house property management team
- We’re specialist in buying rented property from landlords
- You deal directly with our company and we have our own cash funds to purchase your property
- We are not estate agents, brokers, or middle men - we are the ones buying your property
- We always buy rented property for cash, and can show proof of substantial funds when required
- We buy rented property – regardless of the terms of the tenancy
- We buy short lease flats and problem properties too
- You choose the speed at the outset, and we will work to your requirements
- Our professional buying service is completely hassle-free and simple, with absolutely no costs to you whatsoever
- You can either use your own legal company or we can provide one for you and we can fund the costs
- When you sell, by law you need an ‘Energy Performance Certificate’, which we will organise and pay for
- Your property can be sold as seen – we will take care of everything
- Our directors are property experts, with over 30 years’ experience in finance, property and business
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By selling your rented property to us, you save the following costs typically incurred via traditional routes:
- Estate agent fees of approximately 2% plus VAT – according to the Office for National Statistics, the average house price in the UK is £271,000, which means you could be paying your estate agent £6504 inclusive of value added tax
- Solicitors fees, typically around £1500
- Mortgages payments on the empty home where applicable – our internal research shows that a typical house sale takes 115 days to complete
- Loss of interest on the capital that you could be investing elsewhere
- Energy Performance Certificate – when marketing your home with an estate agent, you will need an EPC
- Utility bills, home insurance, cost of repairs whilst the property is empty
However, most importantly you save yourself the stress and anxiety generally encountered when marketing a property through estate agents. Our cash offers mean that you can plan ahead with certainty and pursue your dreams.
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Property Buying Service Frequently Asked Questions
What are the advantages for a Landlord to sell to a cash buying company?
When you sell to a cash buying company, such as Landlord Buyer, disruption, hassle and fees are kept to a minimum. There is no need for viewings or a ‘for sale’ sign, no agent or solicitor fees to pay, no waiting for mortgage approvals, no chain and just one point-of-contact throughout.
Click here to get a cash offer
Click here to get a cash offer
What is the timescale to sell a property with tenants?
If you choose the open market, it is simply too difficult to put a timescale on selling a property with tenants. If you sell at a property auction, your sale will depend on interest on the day and the reserve set. If you sell to Landlord Buyer for cash, you can complete in as little as seven working days.
Click here to get a cash offer
Click here to get a cash offer
Do I need to commission a solicitor to sell my tenanted property quickly?
The transfer of property ownership is a legal transaction; therefore a conveyancing solicitor is mandatory. When you sell to Landlord Buyer, we will pay your solicitor fees and can even recommend a firm to assist with your sale.
Click here to get a cash offer
Click here to get a cash offer
Do I pay tax if I sell my property with sitting tenants?
Any tax due depends on whether you’ve ever lived in your buy-to-let or if it has ever been your only property. If the answer is yes, you may qualify for Private Residence Relief and your tax bill will be reduced as a result. Tax is due on any profit you make from the sale of a property with sitting tenants. How much you pay depends on how the property is held. There are different tax brackets for investment properties held in a person’s name, versus held by a limited company.
Click here to get a cash offer
Click here to get a cash offer
Can I evict my tenant to sell my house?
ou can evict most tenants to sell your house but you’ll need to follow established procedures. Tenants on a fixed term assured shorthold tenancy have the right to remain in the property until the fixed term expires, unless there is a break clause in the tenancy agreement. Depending on the reason for eviction, a landlord can issue a Section 21 or Section 8 notice to regain their property and sell with vacant possession. Evictions can be challenged by the tenant, and take time and money. Some tenants have protected status and therefore can’t be evicted unless there are exceptional circumstances. An alternative to eviction is to sell to LandlordBuyer with tenants in place.
Click here to get a cash offer
Click here to get a cash offer
How much notice does a landlord have to give a tenant when selling the property?
This depends on who is buying the property. If the landlord wants to sell a tenanted property with vacant possession, an eviction needs to take place. The landlord needs to give between 2 weeks and 2 months’ notice, depending on the circumstances. If a break clause is triggered, the notice period will be whatever is stipulated in the tenancy agreement. It is simpler to sell with tenants in situ to a fellow property investor, such as LandlordBuyer. When the tenancy is taken on by another landlord, the tenant doesn’t need to be informed that a sale is taking place. When LandlordBuyer purchases tenanted properties, we write to the tenant introducing ourselves and offer reassurance that their tenancy will continue seamlessly.
Click here to get a cash offer
Click here to get a cash offer