Tenants still in living in for sale property?

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So there is a really nice property that i am interested in, near good school and only wallpaper/flooring would need changing.

But it still has Tenants living there. We are FTB (currently private renting too), how does having tenants living in the property affect putting an offer in/completion timelines?

i also feel morally bad about people being evicted for us to live there. I know how hard private renting is and how shitty some landlords can be. But there is no other property in the area that would work for us in terms if schools/work/near family/price range.

Have you asked how long their tenancy contract is?

I guess it might be delayed if they can't move out.
That's what people on here will tell you. But there are many tenants who do move out on time.
Could ask them

I suppose it could adversely effect it if they won’t leave and have to be evicted.

I would feel the same as you and would probably not want to buy a home that could leave someone else homeless, but I guess that’s easy for me to say when. I own a house

If they don't move out in time, the LL would need to evict them before sale of the property is complete.
That can take another 6-8 months depending on your area.

So if you're in desperate need to move that's not the house for you.

Have you asked where they are at with eviction?

I'd ask the estate agent. They might have been given notice and moving out in a month or they might have been told they can stay until the property is sold. And if you are private renting you could always offer to pass their details to your landlord - saves landlord advertising! ;)

We have avoided anything tenanted like the plague. All they have to do is refuse to leave and you're suddenly very stuck.

I never, ever want to be this guy: https://www.dailymail.co.uk/news/article-13791739/Desperate-homeowner-tears-roof-house-tenant.html

Other people's attitude to risk/assumption that everyone in the world is reasonable might be different, but I just wouldn't do it.

We had this. Tenants were in right up to exchange. As PP has said you can ask how long their contract is.
I would suggest not exchanging until they have moved out. You can ask to go round and check the property before the exchange goes through.

It doesn’t really affect timelines unless they don’t leave. In theory they should already have been served with their section 20 notice. They will be leaving whether you buy the property or not so that’s not really a guilt you need to have.
However if they don’t leave, which happens, then it adds months and months of stress. The tenants didn’t leave the property we were purchasing and in the end I think it totalled an additional 8 months and thousands of pounds for the seller.

An extreme example there 😂

Do not touch anything with tenats in if you are buying for yourself. We also avoided after many horror stories we heard and few houses we wanted to view where tenants wouldn't allow viewing and were arguing notice to leave etc. It would drag too long and we were renting so needed timeline.
Your mortgage would say you need it vacant on completion and would not complete if not vacant.

The vendor might be selling due to the tenants moving and buying their own place.

Who are the tenants? Students in a 1 year contract: no problem , when does the contract end? A family on benefits with a dog who have been there 15 years: they will find it really really hard to find somewhere else, the various agencies will advise them to wait until bailiff eviction to get LA housing , could take months and months .

WRT the pp saying don’t exchange until they are out: you can’t. Your mortgage co won’t release funds except for vacant possession and your solicitor would not transfer them.

The fact you're first time buyers would be in your favour because you're not in a chain at your end. You just need to be prepared to pay extra rent at your current place (which is what I did personally it really helped) and enough notice.The problem is whether the tenants will actually move out when they say they will, that will be where the delays are. It'd massively put me off buying.

I think you need to talk to your solicitor, owner of house etc.

We bought a house that had had tenants in. (It hadn't when we started to buy it but for various reasons the process took a v long time)

Our solicitor came round on the moving day to see that it was truly empty (as promised) It was.

We saw 2 properties with tenants in situ. One didn't let us in for the viewing and another followed us around the house glaring at us. It was all very uncomfortable.

Needless to say we didn't proceed with either house.

The house we ended up buying was ex rental and they left a whole bunch of stuff in the attic, creating extra work for us.

Sellers are being greedy and short sighted by selling without evicting tenants. I wouldn't personally do it unless I really loved the house or area and there were literally no other options.

It's really not worth the hassle imo.

The tenant's don't have to allow viewings do shows their nice. I'd judge the seller here and I wouldn't buy the house as it comes with potential complications. Sorry op id keep looking for a house.

Our house was tenanted when we offered on it. Fortunately there was no issue with the tenants and they moved out when agreed, and it worked in our favour as the house was cheaper than it would have been if owner-occupied. I went round to check it was vacant before we exchanged. However, that was 10 years ago when the rental market was less ridiculous and it could be quite a different proposition today - I think I’d be more cautious.

You can ask to purchase a vacant property but it will be entirely dependent on the terms of their tenancy. Tenants hold all the cards now.

A residential mortgage will not complete on a property with tenants, it’s got nothing to do with tenants holding all the cards.

Well it is, because if they dig their heels in for their landlord it will cause delays in the purchase. Equally the property will need setting right before OP takes ownership, unless she buys sold as seen after a vacant viewing.

Social tenants are stuck between a rock and a hard place because under the current system they are actively and explicitly told they need to remain in the property until bailiffs come, otherwise they have made themselves intentionally homeless and will not be housed with any priority.

We have just recently purchased and our seller was buying a house with tenants in, they were given 3 months notice weeks after she had her offer accepted and they were supposed to vacate the property the weekend before we exchanged, but they didn't, they will now have another few months notice issued. Luckily for us our seller was able to move in with family and have her stuff put in storage until they leave so our completion could go through, but such a stressful situation for her and who knows when she will be able to complete her purchase!

Definitely, it's off the wall. 🤣
Can you imagine the AIBU? "AIBU to tear my house apart brick by brick out of frustration that a tenant won't leave for almost 20 years?" Followed by lots of people advising OP to either ring 101 or take in ironing to save up the deposit for a new house.

Avoid if you can.

They could choose to stay put so they can be evicted and rehoused by the local authority.

I don't like greedy landlord who don't first give notice to the tenant and then put the property on the market....

I don’t think you can complete without vacant possession anyway. But, if the tenants play hardball with leaving, it could take ages.

It could be a nightmare but in many cases like this it will be absolutely fine

the tenants let you in to view it sounds like, which is a good start
you need to look into what has been agreed, they might have already agreed a leaving date. If they look like responsible people (you can probably tell from when you looks around) there is a good chance it will be no hassle. Proceed carefully tho!