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Advice on selling to a landlord whilst staying at the property

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Author Topic: Advice on selling to a landlord whilst staying at the property  (Read 333 times)
Newbie
Posts: 4

I like property

« on: September 21, 2020, 06:23:33 PM »

Hi
I would like to find out more about selling my house to a landlord with myself as a tenant for a year or 2.

Whether there could be a discounted sale price in lieu of 50% rent for 12 or 24 months.
I have a 4 bed house with annex potential on the ground floor.
Post code area RH11

I'm looking to sell currently.

Thanks
« Last Edit: September 21, 2020, 06:27:21 PM by Mcrawford »
Sr. Member
Posts: 435

I like property

« Reply #1 on: September 22, 2020, 11:00:22 AM »

Sale and rent back are regulated activities due to the risk to the seller/tenant, but yes they exist. Make sure you know exactly what you're getting into when considering it.

https://www.citizensadvice.org.uk/debt-and-money/mortgage-problems/how-to-sort-out-your-mortgage-problems/sale-and-rent-back-schemes/
Global Moderator
Hero Member
Posts: 979

I like property

« Reply #2 on: September 22, 2020, 03:56:40 PM »

I can't imagine any deduction in price would make me want to purchase in this situation.Can't you sell at the full market price,and use the extra money for renting somewhere else?
Newbie
Posts: 4

I like property

« Reply #3 on: September 22, 2020, 04:29:40 PM »

I was being hypothetical
If i sold at full price to a landlord, then i would pay a years rent up front.
Newbie
Posts: 24

I like property

« Reply #4 on: September 30, 2020, 04:43:34 PM »

But if you sell to a landlord you won't get full price. When you sell to an investor, the property is encumbered and likely to attract offers 15-20% below market value
Newbie
Posts: 13

I like property

« Reply #5 on: October 06, 2020, 09:17:00 PM »

 As the prospective landlord I was discouraged from doing this by my solicitor. I can't remember the point of law but she said if we went ahead we should insist the vendor moves out physically before being allowed to move back in as the tenant, with a proper tenancy agreement in place. The seller wanted something more informal whilst they looked for their new property and we backed out
Sr. Member
Posts: 435

I like property

« Reply #6 on: October 06, 2020, 09:39:53 PM »

May I suggest it was because it's been regulated by the FCA since 2009, i.e. you need a licence from the FCA to agree sale and rent back.
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