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Selling a Tenanted Property in Portsmouth

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Selling a property with tenants in Portsmouth

Selling a buy-to-let property is not straightforward, especially if you have sitting tenants. There are mortgage considerations, tenancy agreements and terms that need to be honoured — and that’s before you even start thinking about arranging viewings around your tenant’s schedules, not to mention the market itself.

The average house price in Portsmouth was £246,000 in June 2024, down 4.4% from June 2023. Across the South East, the average house price rose slightly by 2.0% over the same period. Private rents rose to an average of £1,279 in July 2024, an annual increase of 10.2% from £1,161 in July 2023. This was higher than the rise in the South East (7.8%) over the year.

We take the stress, the time and the uncertainty out of selling your Portsmouth property with tenants in place. With SellHouseFast.co.uk the sale is guaranteed, and the money will arrive in your account immediately upon completion.

Whether you’ve got debts or mortgage repayments that need to be paid as a matter of urgency, you’ve decided not to be a landlord anymore, or in fact for any reason whatsoever — if you need a fast, guaranteed sale, we can help.

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How SellHouseFast.co.uk works

You know, and we know, that Portsmouth is a great place to live. Census data shows that between the last two censuses (held in 2011 and 2021), the population of Portsmouth increased by 1.4%, from just under 205,100 in 2011 to around 208,000 in 2021.

But even so, there are a lot of steps involved in selling property the usual way. You have to deal with potential buyers looking around, sometimes at short notice. Then you have to haggle over price, wait for mortgage providers to give your buyer the go-ahead, and argue with estate agents who won’t give you a straight answer. There’s a reason people say moving house is one of the most stressful things you’ll ever do — not to mention incredibly time-consuming.

Want to sell a house fast in Portsmouth? SellHouseFast.co.uk is the answer. With us, none of those things are a problem — we buy any property for cash.

Here’s how it works:

1
You get in touch and tell us about your property
2
You receive a cash offer
3
We come to a final agreement
4
Legal work is carried out
5
The cash arrives immediately upon completion

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All you have to do is use our simple form to tell us some basic info about your property. Our experts will get to work putting together a competitive cash offer for you. Then, if you accept, we’ll take care of everything else. Nothing could be simpler.

Essentially, this is an efficient, personalised route to sale that revolves entirely around getting you a sale for your property, fast. If you need a fast house sale in Portsmouth, we can help.

Selling property with tenants in Portsmouth

If you need to sell your tenanted Portsmouth house for cash, fast, we can help — no matter the location, the condition, or the circumstances.

I need to sell a property to reduce my buy-to-let portfolio

Selling a buy-to-let property can be quite a process. First, you need to find a buyer — and when you do, you need to have a solicitor on hand to complete the conveyancing.

There are estate agents that specialise in buy-to-let properties, but they won’t be able to help you at the drop of a hat, you’ll need to get in the queue. You can use a standard estate agent if the property is vacant, but again, there will be a wait.

By contrast, we can have the whole process completed — and the money in your account — within a week. No waiting around, no stress, no fuss. Just a straightforward, easy transaction.

"This service was exactly what I needed. Everything was so fast and straightforward."

Sue Pollen

I need to sell my property to avoid paying for maintenance and repairs

For some landlords, selling a tenanted property isn’t so much a choice as a necessity, because they simply can’t keep up with the costs of maintaining and repairing it. Especially in the face of ever-more stringent regulations and requirements, such as Enhanced Tenant Protections, GSRs, EICRs and EPC ratings, to name but a few.

We can help you with that. When you come to SellHouseFast.co.uk, you get an instant cash offer, and can have money in your account within a week — so you no longer have the burden of a tenanted property and can spend your money as you please.

"To be honest, we’d run out of money, and the property was no longer fit for purpose — we owed it to our tenants to take action. Thanks to this service, they remain happily in the property and it’s been much improved."

Frank Dimble

I need to sell to avoid repossession

We realise avoiding repossession might give you a short window of opportunity within which to sell your Portsmouth house, but that’s where we’re happy to step in. If you need help with clearing your mortgage arrears, are trying to avoid additional charges, or just want to clear your debt in a hurry, we can help. Free up your money for a new home and help keep your credit rating intact.

"This was the breath of fresh air I needed at just the right time, thank you so much."

James Roycer

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Why sell a tenanted property in Portsmouth?

For some sellers, the slowness and uncertainty of the traditional process are enough of a reason on their own to opt to sell property for cash. But in some situations (like selling a tenanted property), the option to sell your property for cash is nothing short of a lifeline.

At SellHouseFast.co.uk, we understand that each situation is unique and comes with its own set of challenges. Here are some common scenarios where our quick, hassle-free service can make a real difference when you’re selling a tenanted property:

Retirement

If you’re a landlord who’s ready to retire and you want to liquidate your assets quickly, cash house buyers can provide a fast, pain-free option. When you sell your property portfolio to a cash house buyer like SellHouseFast.co.uk, our efficient and transparent processes mean you can retire sooner and with far less stress.

Repossession

If you’re facing repossession, speed is everything. Because we buy any home, We offer a fast way to sell your property to help you avoid the repossession process and settle any debts quickly. This can give you peace of mind and closure at a difficult time.

To get rid of the hassle

Owning and maintaining a tenanted property is not always a walk in the park. There can be difficult tenants, unexpected bills and issues that need your attention in a hurry, no matter what you’re doing and where you are in the world. Sometimes, it makes sense to save yourself time, effort and stress.

To reduce a buy-to-let portfolio

Selling a BTL property can be quite a process. First, you need to find a buyer – and when you do, you need to have a solicitor on hand to complete the conveyancing. There are estate agents that specialise in buy-to-let properties, but they won’t be able to help you at the drop of a hat, you’ll need to get in the queue. You can use a standard estate agent if the property is vacant, but again, there will be a wait. By contrast, we can have the whole process completed — and the money in your account — within a week. No waiting around, no stress, no fuss. Just a straightforward, easy transaction.

Spiralling costs

Facing extensive repair costs can be overwhelming for landlords, especially when combined with the interest rate hikes of recent years and tightening energy efficiency laws. Sadly the very issues that cause you to want to get out fast are the same ones that can significantly delay the sale of your property and decrease its value. SellHouseFast.co.uk offers a quick, reliable solution because we buy any home in any condition. No more big bills, just peace and quiet.

Divorce

Going through a divorce is difficult enough without shouldering any extra stress – but for many landlords, liquidating your assets is part of the divorce process. We release you from this burden by providing a fast, straightforward sale. This means you and your ex-partner can move forward more quickly, avoiding drawn-out (often emotional) processes.

Chain breaks

There are little things in life more frustrating than a property chain falling apart – and having tenants in place can make this hiccup even more complicated and painful. We can step in to buy your property quickly, so you can avoid this significant snag.

Poor property conditions

If your property needs a lot of big repairs, selling it through the traditional methods can be especially challenging. We buy any property in any condition, so you can skip the slow sell and instead enjoy the benefits of a fast cash sale.

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The benefits of selling a tenanted property in Portsmouth

Now, we’re not ones to blow our own trumpets, but we do want to give you the full picture. So, when you come to SellHouseFast.co.uk, you get:

Transparency and honesty

With us, what you see is what you get. We keep things simple, and you always know exactly what’s happening and where you stand.

Efficiency

We like to keep things moving. Which is why as soon as you get in touch, we’ll get straight on the case and make sure things go smoothly.

Personalised, friendly service

When you pick up the phone, our friendly team will answer all your questions. We’re here to help. Whatever the reason, whatever the circumstances, if you need to sell your Portsmouth property fast, get in touch, because we buy any property.

Why selling a tenanted property fast is a winning move — the data

While it’s true that the property market is filled with uncertainties, here are some eye-opening stats that highlight the importance of a service like SellHouseFast.co.uk, particularly when it comes to selling a house with tenants:

In 2023, approximately 300,000 property sales fell through due to various complications. That’s 35% of all sales. This staggering figure shows the uncertainty and frustration faced by many sellers.
Selling a property with tenants can reduce its value by 20-40%, depending on the tenancy type. This is because most buyers want a vacant property, therefore attracting viable buyers can be lengthy and difficult.
230,000 buy-to-let mortgages will reach the end of their fixed rate deals during 2024. This means finances are only going to get tighter for thousands of landlords.
37% of buyers were gazumped in 2023. That’s a lot of derailed plans and wasted time and effort.
26,315 properties were repossessed in 2023. A quicker sale can help avoid repossession.
In 2023 it took 183 days or 6 months for the average property sale to complete.

These statistics reveal the realities for many landlords, and those thinking of selling a tenanted property. It’s why SellHouseFast.co.uk has perfected a swift, dependable solution that allows you to avoid the frustration and costs of selling a property with tenants the traditional way.

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Selling a tenanted property in Portsmouth FAQs

If you want to sell your Portsmouth tenanted property fast, but aren’t sure where to start, just get in touch. Our friendly, knowledgeable team are more than happy to answer any questions you might have, and help you make the first step to a fast property sale in Portsmouth.

What happens to the tenants when I use SellHouseFast.co.uk to sell a tenanted property?

When you sell a property with tenants in place to SellHouseFast.co.uk, we honour the existing tenancy agreement. This means your tenants can remain in the property under the same terms, providing continuity and stability for them.

How quickly can I sell my tenanted property to SellHouseFast.co.uk?

We work to your timeline, but if needed we can complete the sale extremely fast. This quick turnaround is ideal for landlords looking to sell property swiftly due to financial pressures or other urgent reasons.

Are there any hidden fees when selling a tenanted property with SellHouseFast.co.uk?

No, we pride ourselves on our total transparency. There are no hidden fees or unexpected costs when you sell a property with tenants to us. The offer we make is the amount you receive, on the date you choose — it’s quick, simple and guaranteed.

How do you decide on the value of my property?

We understand that getting a fair price for your property is crucial. That’s why we use the latest market data and advanced valuation methods to ensure you receive a fair and accurate offer.

But as well as harnessing the latest market intel, we use local experts and qualified surveyors, all of which helps us arrive at a fair price. This data-driven, expertise-led approach guarantees that you get the best possible price when you sell a tenanted property to SellHouseFast.co.uk.

Can I sell a property with difficult tenants?

We know how difficult it can be to manage a property with problem tenants. But good news: we buy properties with difficult tenants. Our service is designed to take such stresses off your shoulders. We handle the complexities, allowing you to sell your property without dealing with tenant issues yourself.

Will selling my tenanted property affect my tenants’ rights?

We respect existing tenancy agreements and ensure that tenants’ rights are upheld. This means your tenants can continue living in the property under the same terms as before the sale.

Why choose SellHouseFast.co.uk over other companies that buy houses for cash?

At SellHouseFast.co.uk we offer a tailored, transparent and smooth service. We’re able to complete sales quickly while ensuring the utmost transparency. The cherry on top is our dedication to providing a thoughtfully tailored service. This, our customers tell us, is what makes us the best choice for selling a tenanted property.

What’s more, we buy any home in the UK. That means we buy any house, we buy any flat, any bungalow, and ultimately we buy any property of any kind and any location in the UK.

What if my property needs repairs?

We appreciate that the cost and effort needed for repairs and maintenance are a huge challenge for landlords. We buy properties as-is, meaning you don’t need to worry about making any repairs before selling. This includes dealing with issues like cladding or other significant maintenance problems.

How does the SellHouseFast.co.uk process work when selling a tenanted property?

Our process is simple and straightforward. Once you contact us, we will provide an initial offer based on the information you provide. If you accept the offer, we will handle all the paperwork and complete the sale within your desired timeline.

Can I sell my tenanted property if I’m facing repossession?

The possibility of repossession can be incredibly stressful for landlords, and we’re here to help you avoid it. Because we buy any property fast, we can help get your funds to you extremely quickly. As a result, you can settle your debts and get a fresh start.

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