BTL / Investor Query (From A Seller)

[Smokeahontas]

House is on the market and has attracted a lot of BTL / investor attention. It’s likely I’ll end up selling to one.

Will there be slightly less pressure for me to find a house to buy quickly? I’m not saying I’ll rip the arse out of it, but just an extra week or two to look.

I would expect so.

I'm a buy to let investor. I want the deal done ASAP. Not sure why there'd be any extra time?

I’ve found generally they are more willing to wait, as long as they don’t have tenants lined up, as they aren’t dependent on being in for school terms/baby being born/Christmas etc etc

@Changingwiththetimes I just meant as it’s not in a conventional chain, as such. They’re not having to sell their place to move in. I absolutely wouldn’t rip the arse.

Thanks @lastqueenofscotland.

They need to rent it out to cover the mortgage, so I doubt investor would be patient.

@Willdoitlater But any mortgage wouldn’t start until completion & most people wouldn’t let prospective renters in until after they’ve vacated?

You are right. I was just meaning they want to get tenants lined up so want firm dates asap.