We have substantial cash funds available for purchasing vacant and rented property. By selling your property with tenants in occupation to us it will enable you to release the cash locked up in your property. Our approach and experience therefore means that you, the landlord, save the stress of dealing with tenants and trying to get vacant possession.
We are keen to build our portfolio of buy to let property throughout England and Wales, and finding new opportunities is vital to our business model. In order to make the selling process as fast as possible for you the landlord, we will assure you of complete discretion throughout the whole process.
As a landlord, you do not need to inform or alert your tenants. You can sell your property without alerting your tenants, and internal inspections are NOT required to enable us to formulate an offer for you.
Open Property Group will purchase your property with sitting tenants. We deal with a range of different cases and have bought houses from landlords in completely different situations.
We buy property with all types of sitting tenants including the following:
How our cash offer compares to an open market sale
When you consider all of the fees and hassle you’ll save, selling to us is straightforward
We buy property directly and you won't pay any agent's fees.
We will make you an immediate cash offer for your Buy to let property. We will take over the tenancy and liaise with tenants discretely. We can make a cash offer for your tenanted property so that you do not experience any void while waiting for the property to sell. Your tenants can remain in situ in most cases, and we will simply take over the tenancy. Many of our past clients were told they’d find it impossible to sell a house with tenants in situ
We have years of experience in handling tenants and the problems which can arise. If you are considering selling your house or flat with sitting tenants, you may have an idea of how you plan to spend your capital. We have helped hundreds of homeowners release the cash tied up in their property.
Some of the most popular reasons for selling to us include:
We are proud to be members of:
[+] What are the tenant’s rights?
We buy property directly and you won't pay any agent's fees.
We have years of experience in buying property from Landlords who wish to sell property with sitting tenants. By selling your property to us, means that you do not have to experience any of the following costs:
Please contact us to discuss any other questions that you have. We are more than happy to meet with you and talk you through the property sale process from start to finish. ions that you have. We are more than happy to meet with you and talk you through the property sale process from start to finish.
Properties sold with sitting tenants usually sell for below the market average, however the value depends on numerous variables. Namely when the tenancy started to establish the type of tenancy.
The Telegraph found that properties with renters in situ sold at auction for up to a 60% discount. In addition, the value of a property with sitting tenants can be less if the tenants are on a regulated tenancy created prior to January 1989. Properties with sitting tenants can also be considered ‘problem properties’. Mortgage lenders often won’t touch them, making it difficult for non-cash buyers to make a purchase and therefore denting the dwelling’s value even further. When landlords sell to a cash house buyer, they receive a price that’s fair and guaranteed.
A tenants ‘covenant to quiet enjoyment’ is an established rule of law and renters also benefit from ‘exclusive rights’ to a let property. This means they can expect to live without interruption – giving them grounds to refuse viewings. If a landlord can’t gain access for viewings, their only option may be a court injunction – a huge problem when they’re selling on the open market and viewings are the best way to generate offers. The politest option for the tenant is to sell to a cash house buyer which removes the need for any inconvenient viewings.
This depends on the type of tenancy agreement in place and how long the agreement has left to run. It is quite usual for tenants to have the right to remain in the property once sold – even if the purchase is by an owner-occupier. When you sell to a cash property buyer, they will look after the onwards wellbeing and welfare of any sitting tenants and adhere to the terms of the tenancy.
No, not always. Tenants can be very sensitive about a landlord selling the property they’re currently residing in and may refuse viewings on this basis. Some may not want to welcome strangers into their home, while others may work shifts and find it impossible to accommodate viewings at suitable times. If this is the case, selling to a cash buyer is the perfect solution, as no viewings are necessary in order to start and conclude the sale.
You can sell property fast even if the tenant is in rent arrears. The issue will need to be disclosed when the property is offered for sale but Open Property Group will make a purchase knowing they will take on the debt and any ensuing recovery proceedings. The simplest and most stress free way to dispose of a let property with sitting tenants and rent arrears is to sell to a cash house buyer.
Open Property will buy any property, whether it has sitting tenants or problem renters. Our service offers landlords a stress-free way to sell property fast and saves them the headache of serving a Section 21 or Section 8 repossession notice. Moreover, following Covid and government guidelines, the court system has a backlog and there will be significant delays obtaining vacant possession.
Open Property can arrange completion on any property sale – even those with sitting tenants -within seven working days, with cash paid into a bank account for a quick realization of assets. If you need to sell property fast, working with a cash property buyer will almost always result in a quicker sale than if using a High Street agent.
We ensure a seamless cash purchase, taking over the tenancy from day one. The landlord does not have to wait for a tenancy agreement to expire or serve a repossession notice to sell their buy-to-let to us. They also avoid dealing with estate agents and bypass the need to arrange viewings. Open Property will make you a fixed cash offer - valid typically for seven days - with a flexible but guaranteed completion to suit the landlord and tenants.
We buy property directly and you won't pay any agent's fees.