Selling a Buy-to-Let Property
Secure a sale by letting Gaffsy purchase your buy-to-let property for cash.
Are you a landlord who wants to sell their buy-to-let property? Whether you’re wanting to liquidate capital or are retiring as a landlord, Gaffsy can help. We have the funds available to purchase your buy-to-let property for cash. It doesn’t matter if you have a single buy-to-let property or multiple, tenants in situ or a vacant home, we can be part of your exit strategy and guarantee you a sale.
Selling your buy-to-let property for cash
Selling your buy-to-let property for cash
No matter if you own a buy-to-let that is managed by a third party or are a hands-on landlord we are experts in helping property owners sell buy-to-let properties fast.
We have helped buy-to-let property owners nationwide swap bricks and mortar for cash. Our years of experience helping landlords with the likes of tenanted properties and selling HMOs puts us in the best position to help you sell your house fast. Is your buy-to-let a flat? We can help you too, with our sell flat fast service.
From valuing your buy-to-let to completion, you will be involved every step of the way. You can benefit from a quick and free buy-to-let property sale completely on your terms.
Our buy-to-let sale process
1
Get a free cash offer
Our buy-to-let sale process starts with a free cash offer. Fill in your postcode or call us on 0207 459 4546 and one of our buy-to-let property experts will be on hand to help you. This cash offer is no-obligation, and you are welcome to change your mind at any time before a final offer is accepted. Gaffsy will confirm your details and a cash offer will be presented to you quickly.
Top Tip: Be wary of any cash buyer that claims to provide a guaranteed sale for close to 100% of market value Anyone offering 90%, 95%, 100% is NOT offering a ‘guaranteed‘ cash purchase of your property. They are offering to ‘sell’ your property (not to ‘buy’ it).
2
Consider our cash offer
Once you have received our buy-to-let cash offer in writing, you can take some time to think about it or, give us the green light if you’re happy. If you have any queries, our team are waiting to take your call or email, so do not hesitate to get in touch.
Provided that you are satisfied with the cash offer, we can then continue the process by arranging for a member of our team to come down and view the property. This can be arranged within 24 hours of you accepting our offer. Unlike some of our competitors, we do not ask you to sign anything before viewing (in fact we do not require you to sign anything until exchange), so you are free to walk away at any time.
Top Tip: A genuine cash house buyer shouldn’t make you sign any contracts until exchange. You should be wary of anyone who asks you to sign a ‘lock-in contract’, ‘RX1’ or wants to put a ‘restriction’ against the title of your property with HM Land Registry.
3
In-person valuation
A member of our team will visit the property for an in person valuation. Unlike our competitors we never charge for viewings. They will inspect the property and ensure the details and internal condition is as understood from the initial call. Gaffsy will then confirm it’s cash offer for your buy-to-let property.
Top Tip: Reputable cash buying firms do not charge any fees. Beware of any cash buying companies that make you a verbal offer, but insist you pay for their surveyor’s valuation before they’ll put an offer in writing. They will usually phrase it as a ‘refundable payment for valuation’ which sounds fine – it’s ‘refundable’ after all. However, because the money is only refunded if you accept their offer, this system is wide open to abuse.
Top Tip: Similarly, you should be careful of any cash buyer that asks you to instruct solicitors prior to viewing the property. A cash offer made without viewing is always indicative and can be subject to change based on the viewing. As such, reputable firms will not ask you to instruct solicitors prior to an inspection. Company’s that do make you instruct solicitors before they have viewed the property are often looking to tie you in with solicitor fees before gazundering.
4
Legalities
Upon acceptance, we instruct our solicitors to start the legal process. We cover all your legal fees, so that you receive the full cash amount offered. Whilst the property is with solicitors, a member of our team will liaise with you to discuss a completion date. We are completely flexible and can arrange the sale to meet your timeframes.
Top Tip: Cash buying companies will generally pay your solicitor fees. That also means that they should cover any up-front instruction fees rather than asking you to make an initial payment.
Top Tip: A reputable cash buyer should never offer you in house solicitors, whilst many will legitimately offer to recommend you to a firm, the firm should always be independent and SRA regulated.
5
Exchange, completion and cash received
On exchange day, you will have to sign the contract for sale and TR1 form, the completion date is also formalised. We put down a 10% deposit and are legally bound to purchase the house on completion. Gaffsy is also one of the few cash house buyers that offers same day exchange and completion.
When completion day rolls around, the sale is finished, and you will receive the money from our cash offer accepted previously. Congratulations, you have sold your buy-to-let property!
Top Tip: A genuine cash house buyer should be able to complete with 7 days. Anyone asking for longer is likely to be agenting your property.
Why choose Gaffsy
We know that you could sell your buy-to-let on the open market. However, unlike traditional estate agents we can guarantee a sale of your property using our own cash funds. We champion our transparent selling process and completely tailor our approach to suit each client.
If you are interested in selling your buy-to-let with a trusted cash buyer, get in touch with Gaffsy today. We are ready to provide you with a no-obligation cash offer for your property and the team is available at the end of the phone if you have any queries. So, if you want to sell fast and with zero fees, get a free cash offer from us today.
Selling a buy-to-let property FAQs
Yes, you may have to pay capital gains tax when selling a buy-to-let property. The amount of tax you have to pay will depend on the profit you make from the sale, which is calculated as the sale price minus the original purchase price and any relevant expenses. The current capital gains tax rates for individuals are 18% or 28% depending on your income, but there are exemptions and reliefs available that may reduce the amount you have to pay. Gaffsy will be able to provide help regarding CGT.
Get a Free Cash OfferThere is no one best time of year to sell a buy-to-let property as it can depend on the local property market and demand. Estate agents may argue that certain times of year offer greater sale success, but this doesn’t apply when you sell to Gaffsy. Regardless of market fluctuations, we can guarantee you a sale as we operate as a cash house buyer.
Get a Free Cash OfferThis depends on your personal preference and circumstances. Selling with tenants in situ means that you can continue to collect rent until the property is sold. Selling a vacant property may offer a less complex sale but you will need to consider the costs of having an empty property. Gaffsy can buy both vacant properties and those with tenants in situ.
Get a Free Cash OfferYes, you will need to inform your tenants if you are selling your property, as they have certain rights under the tenancy agreement. You should provide written notice and be clear as to how their tenancy will continue.
Get a Free Cash OfferWe can complete as quickly as you require. We are completely flexible to our client’s requirements and because there is no chain it simply requires a discussion between yourself and Gaffsy.
Get a Free Cash Offer