Frequently Asked Questions

Should I sell now or wait until the property becomes vacant? »
Why does an investment company want to buy then? »
Why not go to an estate agent? »
How do I know my tenant’s right will be honoured? »
Will Portland House Group pay as much as another investment company? »

Should I sell now or wait until the property becomes vacant?
Property prices fluctuate with the market cycles but sitting tenancies with registered rents have their rent controlled by The Rent Service. Under current law the amount that the rent can increase is capped with reviews only every second year. This then limits the scope for rental growth.

The other thing to consider is that a sitting tenancy can be passed down to a spouse or family member who has been living continuously with the successor tenant for two years prior to that tenant’s demise. In such situations it may take two more generations before possession arises. A sale now will release precious capital which would otherwise be tied up for many years.
Back to top

Why does an investment company want to buy then?
It’s a question of size. The more properties held the chances increase of a possession arising through leaving or the death of a tenant. Where an investment company owns several properties running into hundreds or thousands then the chances increase exponentially whereas if there is only one property then there is only one chance.
Back to top

Why not go to an estate agent?
Many estate agents are unfamiliar with sitting tenancies or how to value them. Those that do will necessarily want to inspect and may wish to take around more than one investor client. In most cases Portland House does not need to make an interior inspection and therefore your tenant is not disturbed by various potential buyers.

Importantly you are dealing with one buyer and not an estate agent representing a number of buyers who may take weeks before making a decision.

At the end of it you will then have to pay your estate agent a fee plus VAT. When you deal with Portland House you are connecting to a specialist and dealing with just one team.
Back to top

How do I know my tenant’s right will be honoured?
All sitting tenancies are protected in law. We respect the tenant’s rights and they always continue to enjoy their existing rights of occupation as before.
Back to top

Will Portland House Group pay as much as another investment company?
Yes. Try us...
Back to top

Next Steps

Call a member of our experienced & friendly team now on freephone 0800 783 1121 or email info@portlandhousegroup.co.uk and let us give you some helpful advice.

Why use us?

  • Reliability - We are well funded by the same Bankers who have supported us since 1991, which means we are reliable buyers and have no need to search for partners or secondary lenders.
  • Experience - We understand sitting tenancies, we know the market place and we can value accurately and fairly.
  • Knowledge - Using the latest electronic databases and our network of valuers we can assess the property's location and value within just days of receiving your enquiry.
  • Professional - We retain experienced solicitors to act for us and managing surveyors' practices to look after and maintain our properties.