Selling a rented property

Filmbuff

We are planning on selling our house (it's currently let out - we had to move away due to work) as we have finally decided to buy in the new area. Our tenants have been perfect and are keen to stay, but remortgaging won't release enough equity to allow us to keep our current property and buy a new one. The house is valued at £205k and is rented at £750 PCM.

Does anyone know of a prospective landlord website where let properties can be advertised?

Typhoon2000

I don't think those figures will stack up well for many BTL investors. Unless you want to sell you house at a big discount for the sake of your tenants, you should be selling the usual way.

G_M

You could try your local LL's Association, but otherwise, no.

You'll get less selling to a LL than with vacant possession.

But to sell to an owner-occupier you'll really need to end the tenancy first (esp as the tenants are keen to stay, so may
a) either not allow viewings or
b) make the property look undesirable so as to put off buyers

They may also not leave when asked once you have a buyer - so
* S21
* evict
* then market.

Or advertise it with agents as a tenanted property and see what happens.

Filmbuff

Many thanks for your replies :beer:

I thought as much but just wondered if there was anything I could do.

Excited13

Would your tennants be interested in buying it (possibly at a reduction as they'll be no EA fees)? It may be worth asking, when I was speaking to my LL he gave me first refusal on the flat if I ever wanted to buy it.

Filmbuff

That was our first thought but they don't seem interested. We think they've got a property elsewhere that they're renting out themselves.