We Buy Regulated Tenants
As experts in the field of regulated tenants we are well aware of the types of problems that may arise when a property is being sold with a tenancy of this nature in place. Many people selling these investmnts agree a sale to a buyer that is under the impression that the tenant can be moved out as and when the landlord sees fit. a regulated tenant a the right to reside in the house until they die as their tenancy is protectd by law.
they are pretty much unmortgageble as banks and building societies will not lend against them becuase they will not be able to get vacant possession if they have to repossess the property. The rent that is paid by the tenant is very low in comparison to a market rent and very rarely is able to service the debt secured against it.
They are a very specialised sector of the residential property market and are treated totally differently to an assured shorthold tenancy. The rent act of 1977 was introduced to protect tenants from being evicted by landlords that wanted vacant possession. Most tenancy agreements were verbal and if the landlord decided they wanted to move the tenants out they would have them evicted. this all changed when the rent act was introduced and many of these tenant still live in the same properties over 30 years later.
They enjoy special status and are protected from eviction by law. Provided they pay their rent and the terms of a regulated tenancy they are entitled to stay their home until they die.
Our company will buy your property if it is occupied by a regulated tenant or sitting tenant. We will buy your property quickly and without the need to have a survey of any kind carried out. We do not require funding so can exchange contract within a very short space of time and complete at a time of your choosing.
Call our offices and speak to an expert.
Freephone 0800 043 1149