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Sell house with tenants in Liverpool.

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  • Receive funds in 7 days
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Sell A Tenanted Property in Liverpool

Interested in selling a tenanted property in Liverpool? With over 300+ years of combined experience, we have helped over 3,000 sellers sell their property not only in and around Liverpool but all over the United Kingdom.

We understand how much of a headache selling a tenanted property can be, and that’s why we have simplified the process for any landlord who wants an easy way out, no matter what situation they might be in.

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How it works

If you wish to sell a house with tenants in Liverpool with We Buy Any Home, below is the typical process you can expect.

Free cash offer within minutes, no legal fees, any location.

  • Get in touch online

    Complete the enquiry form on our website

  • Receive your offer

    Get a call from our representative to discuss your details. Receive a cash offer over the phone.

  • Sale complete on your desired date

    Decide if you want to proceed with the sale of your rental in Liverpool. If you wish to proceed, you’ll have to complete and return some simple paperwork. We will then instruct our solicitors of your decision. A maximum of 2 qualified surveyors or valuers will assess your property. Depending on the valuation report and legal check, we will submit a final price for your property. You need to let us know when you want the sale of the property to be concluded. The sale will be completed on your desired date, and the funds will be sent to you.

Free cash offer within minutes, any condition, any location.

Selling a Buy-to-Let Property

Selling your house with a tenant in Liverpool is nothing unusual. Data shows that about a quarter of landlords not only in Liverpool but throughout the United Kingdom would be looking to sell at least one of their tenanted properties. This is all a result of the following:

  • Section 24 Landlord & Tenant Act
  • Increased Regulations
  • Releasing Locked
  • Impact of Covid-19
  • Issues With ESW1
What is Buy to Let?

Buy to let refers to a property purchased for the sole purpose of being rented out to tenants.

Such properties are a lucrative investment opportunity as they can only be a source of income but also a great asset that grows in price over time. For example, from 2016 to now, the property market in Liverpool and the United Kingdom has grown by around 50%.

This means that if you owned a buy-to-let property that was worth £200,000 and have rented it out for those years, you would have not only profited from the rent money but can also profit over £100,000 simply by deciding to sell the property based on its current market value.

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Selling A Tenanted Property in Liverpool FAQ's

If you decide to sell a property with a tenant in situ, all you need to do is transfer the agreement and damage deposit to the property’s new owner. Once that is out of the way, you no longer have any responsibility over the tenants, the agreement, or the property.

The rest of the process of selling the rental property will be exactly the same as if you were to sell your own home to another buyer.

What happens if you sell a property with a tenant in situ?

If you decide to sell a property with a tenant in situ, all you need to do is transfer the agreement and damage deposit to the property’s new owner. Once that is out of the way, you no longer have any responsibility over the tenants, the agreement, or the property.

The rest of the process of selling the rental property will be exactly the same as if you were to sell your own home to another buyer.

Is it better to sell a house with or without tenants?

Selling a property with tenants in Liverpool can be beneficial for a few reasons. For instance, buyers of rental properties are more interested in houses with a good tenancy record and tenants because those indicate that the property is in demand and they can start making money from the property from the first day.

In some cases, buyers of properties with existing tenants might even be willing to pay more for the property because they don’t need to go out and look for new tenants.

When it comes to selling a house without tenants, the process is definitely much easier as you won’t have to take into consideration any existing tenants, their rights, and the tenancy agreement.

Why are houses sold with tenants?

There are many reasons why a landlord may wish to sell their rental property with tenants in Liverpool. In some cases, landlords have just had enough and no longer want to be a landlord.

In other cases, a buyer can make an offer that is too good to be passed upon, and the landlord agrees to sell the property with tenants in it.

And the thing is, many buyers and investors are interested in buying rental properties with tenants because they have a proven track record of being desirable to the general population and can start making money from day one.

Is it easier to sell a house with tenants?

No, selling a property with tenants is harder than without. This is because you will have to consider the tenant’s rights and the tenancy agreement when selling your property to a buyer.

The difficulty of selling your property with tenants will be different on a case-by-case basis, but generally speaking, as long as you are working with an agent or a direct buyer that knows what they are doing, the process should be very straightforward.

How much does it cost to sell a tenanted property?

When you sell a tenanted property in Liverpool through We Buy Any Home, it will cost you £0. We will pass on 100% of your property to you by covering all expenses associated with selling a home. No strings attached.

In contrast, if you go the traditional route with a property agent, you will have to pay agent fees, which are typically between 0.9% and 3.7%, legal fees for solicitors, and more.

When you put together all these fees, depending on the value of your rental and the legal team representing you, it can easily be over ten thousand pounds.

Can I sell my tenanted property?

Yes, you can. There are no laws or regulations that can prevent you from selling your own rental property if you no longer want to be responsible for it.

Do note that when the property is rented to your existing tenants, you also need to consider their rights and the legally binding tenancy agreement you have with them.

As a result, the process can take a bit more time and be more complicated if you are selling the property to a buyer who isn’t interested in being a landlord and will want the existing tenants to vacate the property.

Can I sell a property with a sitting tenant in the UK? 

Yes, landlords who wish to sell with tenants in Liverpool are within their right to do so.

If you have the intention of selling a rental property, you should know that you must adhere to the tenancy agreement and the rights of the tenant.

When a tenant is involved, the process can be quite difficult and time-consuming. That’s why landlords who wish to sell a property with sitting tenants often go to a direct buyer such as ourselves.

That way, they not only sell the property for a good price but also won’t have to bother the current tenants as they can continue living in the property.

Can a landlord sell a house during a lease in the UK?

Yes, landlords are allowed to sell their rental property during a lease in the United Kingdom. With that said, when selling a rental with tenants in it, landlords must also consider the tenancy agreement and the tenant’s rights.

How much notice do I have to give a tenant if I want to sell my house?

Generally speaking, the minimum amount of notice you can give your current tenant is 60 days. If the tenant decides to stay in the property after the 60-day period, then you have the right to apply to the court for a possession order.

That said, before you can handle such a notice to your tenant, you must first have an Agreement of Purchase and Sale signed.

If the buyer is a landlord and wants to continue renting out the property, you don’t have to give the current tenant a notice as they can continue living in the property, just under a different landlord.

Get a free cash offer for your home in Liverpool

Selling a house or a property with tenants in it

We work with landlords from Liverpool who want to sell their rental property with tenants in it all the time. Selling your property with us will not only cost you £0, saving you thousands of pounds in fees, but the selling process can also be completed in 2-3 weeks.

When selling your property with us, you also don’t have to deal with the hassle of figuring out how to go about your tenants since we will let them stay in the property for the duration of the agreement.

A Deeper Look at Assured Shorthold Tenancy Agreements

Legally binding contracts such as an ASTA (Assured Shorthold Tenancy Agreement) exist to give the tenant a piece of mind when renting out a property, allowing them to exercise a pre-defined minimum term before they are required to evict the property.

Such agreements aren’t usually an issue when selling a rental, but they can impact property viewings and refurbishing projects to make the rental more desirable.

At We Buy Any Home, you don’t need to worry about the sale of your rental property falling through since we can guarantee the sale, no matter what.

If that sounds like something you want to learn more about, please enquire through our website to receive a free, no-obligation cash offer for your property in Liverpool.

Read more about Selling A Tenanted property in Liverpool

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