Selling a house or flat with a Sitting Tenant

We use the latest database technology to establish the value of your property. In most cases by carrying out an external valuation there is no need to disturb your tenant. We provide a discreet service and do not contact your tenant without your permission.

Portland House Group is the direct purchaser which means there are:

  • no estate agency fees to pay
  • We will also pay your legal expenses to an agreed amount

We provide a quick service giving you an offer often within just a few days of receiving your enquiry enabling you to know the value of your property, fast.

Sitting Tenants continue to enjoy their existing rights of occupation and the rent continues to be set by The Rent Service.

Capital Gains Tax

Capital Gains Tax or CGT as it is commonly known is currently set at 18% of the net profit with tax free exemption for the year 2010-2011 at £10,100 per individual owner. An owner’s spouse or relative can be added to the Land Registry Title ownership to allow double the CGT allowance, £20,200 to offset against the profit. This amounts to a substantial saving. We recommend you consult your professional financial adviser to discuss this.

Selling your property couldn't be more straight forward

Once you have provided the address of your property to us Portland House Group will begin its valuation and make an offer by telephone, letter or email whichever is your preferred choice. It will always be followed by an offer in writing. Once the sale is agreed our solicitors will contact your solicitors to confirm instructions.

Your solicitors will confirm they are instructed by you and send to our solicitors a contract of sale. Enquiries will be raised and the appropriate searches made of the Local Authority and Land Registry Titles. Once all matters are satisfactory an exchange of contracts will take place.

Portland House Group has access to funds through its long term Bankers and there is no requirement for a lender’s survey or valuation thus avoiding delays.

Properties are managed by professional surveyors’ practices and the properties are well maintained and the tenants’ needs cared for.

The Tenants’ rights are always protected and respected.

Frequently Asked Questions »

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.