Cash for property occupied by Sitting Tenants
Swift Capital will purchase any property with a sitting tenant who has the right to remain in the property for life. This includes regulated tenancies, Rent Act protected tenancies, Assured Tenancies, agricultural or life tenancies and problem assured short-hold tenancies (ASTs). Property with mixed tenancies including commercial and assured short-holds purchased too.
The acquisition of all types of property with Regulated and Assured Tenancies throughout London and the United Kingdom remains core to the company´s future long term business plan. We have specialised in buying property with sitting tenants for the past 16 years and have completed well in excess of 1,000 transactions. We are well versed and experienced in dealing with many property types, unforeseen problems and situations. Every year we try to replace the number of vacant units sold and to grow our portfolio, hence our constant need to purchase individual units and portfolios of houses, flats and apartment blocks.
Why sell your property with sitting tenants to Swift Capital?
Little chance of vacant possession in the near future
Tenants have the right to remain in the property for their lifetime. Succession to the tenancy is allowed to certain family and other household members allowing them to remain for life too. Increasing life expectancy can add to the wait for possession.
Sitting tenants have minimal obligations. They pay a fair rent set by the valuation office well below market value. The Government’s Maximum Fair Rents Order caps and limits any rent increases.
Tenants are generally only required to decorate internally. The Landlord is responsible for all management, repairs, maintenance and insurance costs. Landlords also have many legal obligations in regard to Health and Safety, for example, ensuring that gas fittings, appliances and flues are safe. Failure to do so can result in criminal prosecution with financial penalties or imprisonment, in extreme cases. For further information see Gas Safety; A Guide to Landlords´ Duties
Highest Cash Prices
We pay up to 75 % of the vacant possession value, sometimes more if the circumstances warrant. Any discussions are in the strictest confidence and are without obligation or cost. There are no estate agents fees and we pay your agreed legal costs.
An easy hassle free sale
A sale can often be accomplished without an internal inspection or any contact with your tenants. We will purchase in any condition even with Local Authority or Landlord notices including short leases and legal, planning or tenant problems.
We are proud of our reputation as responsible landlords, recognising sitting tenants´ rights and treating them with respect. Our management and landlord responsibilities are taken very seriously and we are always responsive to maintenance and repairs.
Assured Shorthold Tenancies [ASTs]
The process of selling your property around a tenant can be complex and stressful. Most buyers require vacant possession before they will consider buying your property. ASTs are usually an average of 12 months or longer, with at least 2 months notice required to end the tenancy. Not ideal if you need to make a quick sale.
Even if there are no problems with your tenancy and the required procedures are followed, there is no guarantee of timely vacant possession or that tenants will be helpful with viewings. Some landlords find that previously reasonable tenants become difficult when asked to leave their home. If your tenants receive housing benefit, the Local Authority may require your tenant to produce a court order for possession or eviction notice before they will re-house or continue benefits. Such litigation can be a lengthy and expensive process.
The way it should be – an instant decision and sale
At Swift Capital, we are able to make instant decisions and can conclude matters very quickly. We don´t need a survey or to meet your tenants and can exchange contracts the same day. As we do not need to arrange any funding we can If necessary complete a transaction for cash within days. A huge saving on the time and effort usually required to sell a tenanted property.
A fast cost-effective alternative to selling at Auction
Unlike a property auction, your sale is guaranteed. There are no catalogue fees or auctioneers commission to pay and no risk of wasted legal and auction entry costs if your property fails to sell. You won´t need to market your property or open it up, for viewings by prospective bidders. You don´t need to wait for a suitable auction date and the standard 28 days post auction until you get your money. Swift Capital will pay all your agreed legal costs too.
Don´t risk underselling your property
Even if you have an agreed sale already; compare our offer before committing further.
All discussions are in confidence and are without obligation
We also purchase disused buildings and vacant plots of land where opportunities to create desirable homes, shops and offices exist.
Contact us now
- - Telephone Free: 0800 035 0202
- - Online: Just fill in the short form on the sidebar. We´ll call back with a FREE appraisal
- - Face to Face: Meetings by appointment at our offices, your home or office
- - Email: We will call back for an informal discussion