Sell house with tenants in Sunderland.
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Sell a Tenanted Property in Sunderland
Landlords looking to sell a tenanted property in Sunderland face even more complications than the average home seller. This is because landlords need to ensure that tenants’ rights are protected, which can make arranging viewings and improving the home for sale difficult to arrange, and tenants could face the worry of their home being sold and what this could mean for them in the short and long term.
At We Buy Any Home, we have bought hundreds of tenanted properties so we know how to handle the whole situation and leave both landlord and tenants satisfied.
If you want a stress-free sale of your home that has tenants in situ, get a cash offer for your buy-to-let property today from We Buy Any Home, the UK’s leading cash house-buying company.
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The process is simple, you’ll receive a free cash offer within 24 hours and things could be wrapped up within 7 days if you want to move fast, or we’ll act to a timeframe that suits you. You are in control.
Free cash offer within minutes, no legal fees, any location.
Get in touch with us
Complete our online form.
Receive a cash offer
You’ll receive a cash offer from us over the phone within 24 hours. You decide if you would like to proceed.
Sale agreed
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. Sale completes and you receive the funds.
Free cash offer within minutes, no legal fees, any location.
Selling a Buy-To-Let Property
Increased Regulations
The Search for Space
Section 24 Landlord and Tenant Act
Cladding crisis
EWS1 Concerns
Problem Tenants
Landlords are bound by regulations to ensure that tenants live in decent living conditions. Whilst this is of course right – everyone should live in a decent home – the need to adhere to more and more regulations means landlords are often seeing their profits slashed.
Increased Regulations
Landlords are bound by regulations to ensure that tenants live in decent living conditions. Whilst this is of course right – everyone should live in a decent home – the need to adhere to more and more regulations means landlords are often seeing their profits slashed.
The Search for Space
With COVID-19 lockdowns and the rise of remote working, more and more people are looking for more inside and outside space. Whilst Sunderland has numerous suburban areas such as Carley Hill, Castletown and Marley Pots that can offer space, if you are a buy-to-let property owner in the city centre you may have noticed that tenants are eager to move which can impact the demand for rental properties in some areas.
Section 24 Landlord and Tenant Act
The changes to this legislation have resulted in mortgage interest and other property finances no longer being tax-deductible. This means the financial incentive of investing in buy-to-let properties may no longer be worth it for some, and other investment opportunities may be more appealing. But, selling a property with a tenant so you can invest in something else may not be as easy.
Cladding crisis
Owners of flats and apartments will know that the Grenfell Tower tragedy has resulted in most flats needing to have a safety review to establish if any safety defects are present and need to be fixed. Back in 2017, flats in the Church Street North area of Sunderland had cladding removed but many other developments may still require work. If you own a leasehold on a tenanted flat, you may find it very difficult to sell as mortgage lenders are reluctant to mortgage flats without a safety certificate which can take years to achieve.
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
Problem tenants are another issue as to why landlords may decide to sell. If there are issues with the property in terms of condition, it can make the property harder to sell. However, at We Buy Any Home, we are able to purchase properties with problem tenants and can take over any tenancy agreement.
Free cash offer within minutes, no legal fees, any location.
Selling A Tenanted Property in Sunderland FAQ's
How do I sell my tenanted property?
Can I sell my home to you with tenants in situ?
What areas of Sunderland do you serve?
Do I need to sell the property myself?
Do you only buy certain types of property?
Can I sell my tenanted property?
Is it easy to sell a home with tenants?
Do tenant properties sell for less?
Firstly, fill in our form. We’ll then call you to provide you with a free cash offer. If you decide to proceed, we at At We Buy Any Home will purchase the property with tenants. We’ll adhere to existing tenancy agreements, meaning your tenants won’t be impacted.
How do I sell my tenanted property?
Firstly, fill in our form. We’ll then call you to provide you with a free cash offer. If you decide to proceed, we at At We Buy Any Home will purchase the property with tenants. We’ll adhere to existing tenancy agreements, meaning your tenants won’t be impacted.
Can I sell my home to you with tenants in situ?
Yes, you do not need to evict tenants to sell to us. We are experienced in buying properties with tenants in place and quite often the tenants will remain in the property as we tend to sell on to buy to let investors or rent the home out ourselves directly.
What areas of Sunderland do you serve?
We cover all of Sunderland and surrounding areas. This includes the neighbourhood north and south of the River Wear and the suburbs. 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 Sunderland, unlike other sell house with tenants Sunderland companies which cannot offer a local, knowledgeable service.
Do I need to sell the property myself?
We do all of the work for you, free of charge. All you need to do is fill in our online form, have a quick call with us and within 24 hours you’ll receive your cash offer.
Do you only buy certain types of property?
We buy all types of property, from large detached houses to one bedroom flats. The condition of your property does not matter to us either, there is no need to do improvements or renovations, we’ll make you an offer regardless of the size or condition, and that includes if you have had issues with cladding or problem tenants.
Can I sell my tenanted property?
Yes, you can, get in touch through our enquiry form, and we’ll contact you within 24 hours with a cash offer.
Is it easy to sell a home with tenants?
We are very experienced in selling a property with tenants Sunderland. We know that with the plans for regeneration and with good links to other parts of the northeast that buy to let properties will remain in demand so we are always eager to speak to landlords looking to sell quickly.
Do tenant properties sell for less?
On the open market, if you have a tenant in place who is hard to budge either due to an assured tenancy agreement or because they are causing problems, then this can decrease the value by as much as 30%-40%. At We Buy Any Home we can buy properties with assured tenancy agreements in place and we can take on properties with problem tenants in situ, without this affecting the price as much as it could selling through traditional routes.
Get a free, no-obligation cash offer from us now and find out what you could get for your property today.
Get a free cash offer for your home in Sunderland
Selling a property with tenants in Sunderland
Buy to let is when a property is bought specifically to rent it out, and historically has been a great way for landlords to give themselves a steady income stream and benefit from high yields.
Sunderland is an increasingly popular area for buy-to-let landlords. With 200,000 students, great transport links and low house prices averaging around £120,000, Sunderland is and will remain an attractive city to invest in. In the current market, the vast majority of rental properties return £500-£1000 per calendar month.
However, in recent years many landlords have faced a wide range of issues which has made buy-to-let purchases not as profitable as they once were. Many are looking to sell.
This is where We Buy Any Home can help. Our team of industry experts have vast experience in investment property sales and have purchased numerous buy-to-let properties, which means if you decide to sell and want the whole process over as quickly as possible, your property sale is in safe, knowledgeable hands.
Sell your house with tenants Sunderland today and get a cash offer for your buy-to-let property by filling in the form below.
Assured Shorthold
Tenancy Agreement
Assured tenancy agreements also make selling house with tenants in Sunderland difficult. This is because tenants under this agreement have several rights which include a right to ‘quiet enjoyment’ of the property. This makes preparing a home for sale quite difficult in several ways.
Unless the agreement specifically states otherwise, you won’t be able to conduct viewings unless you have express permission from your tenants. The tenants’ right to “Quiet Enjoyment” means you will not be able to complete any improvement work unless they grant you access.
Depending on the agreement in place, tenants may be able to stay in a property until their lease expires – which can be many months, slowing down a potential sale significantly.
Regardless of what your reason is for selling, at We Buy Any Home, we can purchase buy-to-let properties in as little as 7 working days with tenants in place, even if they are problem tenants.
Get a cash offer for your buy-to-let property today.
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