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Agree to buy it only once the vendor has secured vacant possession. Getting the tenants out should be their problem, not yours.
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Ask the owners to buy the tenants out and as above get vacant possession - it's only two months, if the tenants aren't complete dickheads that should be possible.
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Any particular reason why the sale has to go through 2 months prior to tenants moving out?
No mainstream residential lender will release mortgage money until you have 'vacant possession'.
Once you find out their reasoning, you could potentially exchange contracts to secure the sale for both you and the seller, but completion would be conditional on the tenants moving out. This would require the landlord committing to serving notice to their current tenants, and putting the responsibility on them to ensure that tenants have vacated.Its wouldn't be worth looking at it the other way, as should you get a BTL mortgage, you intend to live in the property, and this breaches the BTL mortgage conditions, and if you were to try and remortgage within 6 months to a residential mortgage, very few lenders will allow this. (not taking into account the lender's criteria such as whether they will lend to non owner occupiers, first time buyers etc)
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Brommers
Howard
Acliff
@waffle
So, we've found a house that we like and is in budget but there are tenants in it at the moment who apparently will have the right to remain two months after the sale has gone through. I'm assuming that this would mean we would have to get a buy to let even though we would only be letting until we could move in. Any way around this? Steer clear? Advice appreciated!