Sell a property to rent back
I am interested in selling my current property with a view to renting it back. What are the chances please?
Asked on Nov 5 2013,
General in Knaresborough |
Possible but not usual, solicitors would not want to be involved in such transactions. I have heard of cases where the solicitors where not involved and the buyer and seller entered into a tenancy agreement to coincide with the sale.
Answered on Nov 5 2013,
Hi SANDDANCER3354, we provide a nationwide homebuyer service if you are interested in a quick home sale. We pay up to 85% of the property value. For more information, please visit our website.
Answered on Nov 6 2013,
It is certainly something that would be possible. Many landlords purchase a home that already has a sitting tenant and will agree a deal that allows the tenant to stay there when the ownership of the house or flat passes to them.
I would think it would boil down to a simple case of them buying the home through a buy-to-let mortgage and agreeing on a tenancy agreement with you, which would probably be done before the contracts were exchanged.
In theory, it should also be a far easier task to sell the house, as with you not moving into another property, there will be no upward chain, and with the landlord not likely to be relying on selling something else first, it should make the whole process much smoother.
Answered on Nov 18 2013,
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