Investing in buy-to-let with the tenant in place could reduce void periods

Investing in a property with a tenant in situ means buyers can be earning their rental income from day one, and sellers can keep making a profit right up to completion.

Properties that already house tenants can either be sold with vacant possession on completion – meaning that the tenant must have agreed to a termination of the tenancy agreement by the date the transaction completes – or sold subject to an ongoing tenancy, in which case the tenancy will be handed over to the new owner on the day they get the keys.

There are pros and cons to both scenarios for buy-to-let landlords. If the tenant remains in the property, the new owner does not have to go through the process of finding a new one. It also means the new owner will receive rent from the tenant from their first day of ownership, meaning they can budget more accurately with the safety of the income, and the new landlord will also have access to the tenant’s full rental history before the sale goes through.

Gaining such a property isn’t without its pitfalls though, and a specialist conveyancing solicitor might be recommended to ensure the process runs smoothly. The new owner will need to be approved for a buy-to-let mortgage on the property – as opposed to if it was being sold as empty – and extra information on the tenants and tenancy agreement would need to be obtained.

A new option

New online marketplace Vesta claims to be the first of its kind to offer a platform for such property sales. It says that there are as many as 40,000 tenant evictions every year, many of which could be avoided if tenants were allowed to stay in situ when a property is sold.

Russell Gould, Vesta’s chief executive and a fintech entrepreneur, said: “The unique Vesta online marketplace is designed to provide buyers and sellers with more choice and a faster, simpler and assured process while reducing the chances of gazumping. Buyers can make offers or choose to buy at a guaranteed price with due diligence complete and tenants in place – a refreshing change to the current outdated system.”

Gould believes Vesta creates a new set of opportunities for the private rental sector, which is a market that is continuing to grow in the UK as more people are choosing to rent rather than buy properties as a lifestyle choice.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT