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Buying a property with a Tenant

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PasturesNew Posts: 70,698 Forumite

25 May 2011 at 10:05PM

G_M wrote: »

Under no circumstances exchange contracts until the tenant has left.

There is no alternative.

None.

edit - sorry. there is. Forget the mortgage and buy with cash. Your savings or borrow from family etc.

Then come back here pleading for help when the tenant refuses to leave, stops paying rent, takes you to court because the boiler has broken and you have no money left to fix it for him.

Correct. Correct. Correct.

OP - there are ways you can buy this house, but trying to bend what you see as the rules will just get you into serious trouble.

Make an offer/get a mortgage, based on the current owner ensuring the tenant has LEFT the property - with you physically going round to double check before you exchange. You can even go to the property and see for yourself and phone your solicitor from the property to say "Yeah, I'm here, he's gone, you can exchange now then".

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Buying a property with a Tenant

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