• Buying A Property With Vendors Wanting To Stay On For Two Months

    By Guest on 31st Jan 2017

    I plan to buy a house but the sellers have asked if they can continue to stay at the property (and pay rent) for a couple of months while some work is carried out at the house they are buying. I have no problem with this but it would mean the house would be sold “without vacant possession”. Is there a way I can agree to the vendors staying at the property for a couple of months without them accruing rights of occupation? I could ask them to stay at a hotel for a night or two at the time of the sale if this would signify a “clean break” but I don’t think they would want to move all their furniture out and then back.

  • 2 Answers

    By Guest on 16/02/2017

    Firstly, if you are buying with a mortgage then you would need the consent of your lender which will definitely not be granted if you are taking an owner occupier mortgage. Even if it is a buy to let mortgage it is unlikely the lender will be happy with the sellers staying on (regardless of whether they move out for a night or two). If you let them stay they will become your tenants and will have some security, albeit limited. They may be entitled to remain for up to 6 months. If you can live with 6 months ask them to enteer into an AST

  • By Guest on 17/02/2017

    Thanks for this. I am a cash buyer so there are no problems with a mortgage. And yes, I can live with the possibility of the tenants remaining for 6 months so I will prepare an AST.

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