We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Buying a house that's been on rental
Rack_Failure
Posts: 55 Forumite
Hi
I live in Scotland and looking for some advice. A privately built house that has been used for rental is being advertised for let as the current tennants are soon to move out. I approached the LA to ask if the home owner would be interested in selling, it's a house I have seen and liked a few years ago. The LA advised that the owner is keen to explore selling and we have arranged a viewing. Basically, I would like to purchase this house to live in it, I'm not in a chain and do not require a mortgage, but don't want to pay over the odds.
What would the procedure be? Would owner need to get a home report or would I need to arrange a survey? Would the business be done through the LA, they are also EA? Is there any pitfalls in buying a hoime that was previously let?
Any advice will be appreciated.
I live in Scotland and looking for some advice. A privately built house that has been used for rental is being advertised for let as the current tennants are soon to move out. I approached the LA to ask if the home owner would be interested in selling, it's a house I have seen and liked a few years ago. The LA advised that the owner is keen to explore selling and we have arranged a viewing. Basically, I would like to purchase this house to live in it, I'm not in a chain and do not require a mortgage, but don't want to pay over the odds.
What would the procedure be? Would owner need to get a home report or would I need to arrange a survey? Would the business be done through the LA, they are also EA? Is there any pitfalls in buying a hoime that was previously let?
Any advice will be appreciated.
0
Comments
-
Since you approached the agent, I'd expect any negotiations or purchase to follow the normal route that it would if the house had been advertised for sale.
You will probably pay over the odds, as you approached the agent before the house was on the market, so they know you want it
Pitfalls in buying a home that was previously let?? Have the property exorcised.
. Apart from making sure that the tenants have been given sufficient & legal notice, or left, prior to completion, why would it be in any way different to buying a house than an owner occupier has lived in? 0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards