Sell house with tenants in Stoke.
Receive funds within a week.
- FREE cash offer within minutes
- Receive funds in 7 days
- A guaranteed sale on any property
Sell A Tenanted Property in Stoke
Many people in Stoke have a buy-to-let property investment, with Stoke, Hanley, Burslem, Tunstall, Longton and Fenton full of properties available to prospective and current renters. For landlords, it is a great way to ensure you get a steady income from rent and pay off the mortgage at the same time.
However, with a buy-to-let property comes tenants, and their needs and requirements must be met and adhered to. Strict regulations are in force which ensure tenants’ rights are protected, however in recent years this has made the buy-to-let industry not as lucrative as it once was, and has made it harder to sell properties with tenants in situ.
This is because tenants have rights when the property they rent is put up for sale – rights which can make landlords’ lives difficult. At We Buy Any Home, we understand both the rights of tenants and the needs of landlords and are experienced in buying tenanted properties so we know how to handle the whole situation and leave both landlord and tenants satisfied.
If you thinking of selling your house with a tenant Stoke wide, then let We Buy Any Home offer you cash for your property and sidestep the complexities of selling with tenants via estate agents.
Get a free cash offer for your house in Stoke
As featured in
As we are 100% cash buyers, we can work to your schedule. We do not need to rely on a third party to get us the cash so can move as quickly as you lie.
All you need to do is follow the steps below and get a firm, cash offer on the table within 24 hours.
Free cash offer within minutes, no legal fees, any location.
Reach out via our online form
Complete our online form.
Receive offer within 24 hours
You’ll receive a cash offer from us over the phone within 24 hours. You decide if you would like to proceed.
Receive offer and sale complete
You complete and return our simple paperwork. We instruct solicitors and two estate agents to carry out valuations – free of charge. Following the valuation report and legal check, a final price is provided. You confirm a completion date that is suitable for you. The sale completes and you receive the funds.
Free cash offer within minutes, no legal fees, any location.
Selling a Buy-To-Let Property
A buy-to-let property is one that has been purchased with the intention of renting it to a tenant. There are a few additional things to keep in mind when selling a buy-to-let property…
Increased regulations
Cladding crisis
Section 24 Landlord and Tenant Act
Financial Concerns
EWS1 Concerns
Problem Tenants
The government has in recent years increased regulations in a bid to improve the rental sector conditions for tenants. These mean landlords are responsible for improving certain aspects of homes and complying with regulations relating to electrics and energy efficiencies amongst others. These regulations mean landlords have to continually ensure properties comply which can eat into stretched profits further.
Increased regulations
The government has in recent years increased regulations in a bid to improve the rental sector conditions for tenants. These mean landlords are responsible for improving certain aspects of homes and complying with regulations relating to electrics and energy efficiencies amongst others. These regulations mean landlords have to continually ensure properties comply which can eat into stretched profits further.
Cladding crisis
It is now mandatory for buildings with cladding or other high-risk materials to be given a formal safety review. If you own a leasehold on a tenanted flat, you may find it very difficult to sell because the freeholder of the building may not be willing to pay for the safety review or they may charge you to complete this review. This has left many owners of flats unable to sell, facing huge costs to fix the effects or left in limbo.
Section 24 Landlord and Tenant Act
This legislation means that landlords can no longer deduct mortgage interest and other finance costs (including mortgage arrangement fees) from their rental income before tax. What does this mean for you? In simple terms this means that landlords have to pay tax on costs as well as profits, eating into any returns and making renting out your property less fruitful. This has made selling your house with a tenant Stoke more common than it was previously.
Financial Concerns
Existing landlords may fear financial concerns, and maybe due to recession or other impacts, they look to sell soon. However, the easiest route in selling a tenanted property requires finding another investor or landlord but if there are many people fearing financial concerns, then the buyer pool may be limited, resulting in a slow sale.
EWS1 Concerns
Due to the Grenfell tragedy of 2017, flats with cladding require formal safety reviews. The reviews cost money, and due to a lack of availability, the EWS1 surveys aren’t always possible to complete urgently for a quick sale. Additionally, without the EWS1 survey, lenders may give flats a zero valuation resulting in a failure to get funding for the purchase. However, at We Buy Any Home, we buy properties without the EWS1 survey in place and can also purchase tenanted properties.
Problem Tenants
One of the worst experiences a landlord can go through is having problem tenants causing damage to your property, not paying rent on time or at all and generally causing you stress and heartache. Even if you decide to sell, tenants might refuse to let prospective buyers enter the property, behave unreasonably or have left the property in such a state that no one may be willing to buy it.
Free cash offer within minutes, no legal fees, any location.
Selling A Tenanted Property in Stoke FAQ's
How do I sell my tenanted property?
Do tenanted properties sell for less?
What areas of Stoke do you cover?
Can I sell my property even if it has been damaged?
Can you sell a rented property?
How much notice do I have to give a tenant if I want to sell my house?
The process is quick and simple. Just fill in our form online and we’ll call you within 24 hours with a firm offer. You decide if you would like to proceed and then complete and return our simple paperwork. We instruct solicitors and two estate agents to carry out valuations – free of charge. Once everything is in order we’ll agree on a completion date and you’ll receive your funds. There’s no need to evict tenants.
How do I sell my tenanted property?
The process is quick and simple. Just fill in our form online and we’ll call you within 24 hours with a firm offer. You decide if you would like to proceed and then complete and return our simple paperwork. We instruct solicitors and two estate agents to carry out valuations – free of charge. Once everything is in order we’ll agree on a completion date and you’ll receive your funds. There’s no need to evict tenants.
Do tenanted properties sell for less?
Generally having a tenant in situ can devalue your property on the open market, especially if they are problem tenants. Avoid all this though by selling to a cash buyer and although you’ll receive 80-85% of the property value it may not differ too much versus trying to sell via an estate agent. It’s much quicker too.
What areas of Stoke do you cover?
We cover all six towns of Stoke and the surrounding areas including Hanley, Burslem, Tunstall, Longton and Fenton. We are also aware of local issues and regeneration plans for the future so we can offer cash for homes based on current and future market projections. We know the local area and the property market here so you can be safe in the knowledge you are dealing with a company that knows the people of Stoke which is why we can offer a much more accurate price for your property when compared to other less reliable cash buying companies.
Can I sell my property even if it has been damaged?
Yes. We know that problem tenants are hard to deal with, so we will buy your property as it is, there is no need to renovate or clear up.
Can you sell a rented property?
You can sell your rental property with sitting tenants, but doing so via traditional methods can be tricky as they have certain rights to be protected. Selling to a cash buyer means you can offload the property and tenants to us without needing to arrange viewings.
How much notice do I have to give a tenant if I want to sell my house?
If your tenant has lived in the property for more than six months and you are evicting them for the reason of selling, you must give them 84 days’ notice. If it has been less than six months, it will be 28 days.
Get a free cash offer for your home in Stoke
Why Sell a Tenanted Property Stoke to a Cash Buyer?
To sell a tenanted property Stoke with tenants in situ can often be complicated and stressful. If any of the situations above have affected you as buy to let landlord, you may be eager to sell as quickly as you can to avoid any more stress.
We Buy Any Home can buy your property in as little as 7 days. We can purchase properties with tenants in and adhere to existing tenancy agreements, meaning your tenants won’t be impacted.
Why use We Buy Any Home?
- We can buy with tenants in place, there is no need to serve notice. We often rent out properties ourselves after we’ve bought them so your tenants may not have to move out if we don’t sell it ourselves.
- We deal with problem tenants regularly and they will not impact your sale.
- No viewings are needed. You’ll not need to arrange viewings by selling to us, we only need to visit once to conduct a survey.
- No need to spruce the place up or renovate and make it ready for sale.
- We can buy properties with cladding and other safety defects, no need for safety certificates.
UK’s Leading
Cash House
Buying Company
If you want to sell house with tenants Stoke, we can help. If you sell to us we can offer:
- Highest guaranteed cash offer.
- No fees to pay, we cover all costs.
- Sell in a timeframe that suits you.
You’ll also be in safe hands. At We Buy Any Home we are:
- Founding member of NAPB (The National Association of Property Buyers)
- Have a combined 300 years of experience across our teams
- 100% cash buyer, we do not need to wait to sell the property to a third party
- Member of the Property Ombudsman, a government-approved regulatory body
- UK’s No1 home buying company
- Award winning brand
- Rated Excellent on Trustpilot
Read more about Selling A Tenanted property in Stoke
View all Stoke articlesFree cash offer within minutes, no legal fees, any location.
Get a free cash offer today
Enter your details below
"*" indicates required fields