4 minutes
4 minutes
4 minutes
4 minutes
to read
Monday 10 November 2025
Monday 10 November 2025
Monday 10 November 2025
Monday 10 November 2025
For many tenants, buying the property you already live in can feel like a natural step — and more landlords are open to it, especially given current market pressures. In fact, many would rather offer it to their tenant first, avoiding the hassle of marketing it publicly.
Why Landlords Often Prefer Selling to the Tenant
Selling to an existing tenant can be quicker, smoother, and more cost-effective for landlords. There’s no need to leave the property empty or ask tenants to move out. They avoid estate agent fees, don't have to arrange viewings, and tenancy contract dates are no longer a concern. Rent continues to be paid right up until completion — ideal if they rely on that income.
In short: it’s less stress, lower cost, and far more straightforward.
Why It Can Work Really Well for Tenants
From a tenant’s point of view, if you love the area and the home, it’s a great way to stay put while stepping onto the property ladder. Long-term tenants, in particular, will want to avoid the disruption and cost of moving. You already know the property, so there’s less risk — no nasty surprises after moving in, because you’re already living there.
Some landlords are even willing to accept a slightly lower price for the convenience. Whether it’s to help you get a mortgage or simply to avoid the traditional selling process, we’re seeing more of these kinds of deals being agreed.
What Is a Concessionary Purchase?
This is where the landlord agrees to sell you the property for less than its full market value. The difference between the valuation and the agreed price can sometimes be used as your deposit — what lenders refer to as “gifted equity” or a “genuine bargain price” deal.
In some cases, this means you don’t need to put down any of your own deposit at all.
For example:
The property is worth £185,000
Your landlord agrees to sell it to you for £175,000
That £10,000 difference is classed as your deposit
As long as your income and affordability support borrowing £175,000, a few lenders will accept that 100% of your deposit is covered by the discount.
What You’ll Still Need to Budget For
Even if the deposit is sorted, you’ll still need funds for other upfront costs — including solicitor fees, surveys, and stamp duty (if applicable). These typically can’t be added to the mortgage, so you’ll need to have these set aside.
We’ll guide you through all of this to ensure nothing is missed. It’s important to have a clear understanding of the total cost before going too far.
What’s the Process Like?
It’s very similar to a standard purchase, but with a few differences. If there’s no estate agent involved — which is often the case — it’s classed as a private sale. That’s perfectly fine. In fact, we often step in to support with the paperwork that an agent would usually handle.
We can:
Provide a Memorandum of Sale
Help liaise with solicitors on both sides
Keep things moving with regular follow-ups
The mortgage itself isn’t more complicated — but you do need a broker who understands how these niche products work and which lenders will accept them.
How We at Barrett Mortgages Can Help
We’ve helped many tenants successfully buy from their landlords and know exactly what lenders are looking for.
We’ll:
Talk you through all your options and assess affordability
Explain how gifted equity or concessionary purchases work
Identify lenders that will accept your situation
Handle the mortgage application and guide you through the legal process
Make sure both you and your landlord are fully informed
If your landlord has mentioned selling — or you’re considering making an offer — it’s worth having a chat to explore what’s possible.
Ready to Explore the Idea?
Whether your landlord is on board or you're just testing the waters, we’re happy to help you explore your options properly.
We can speak with both you and the landlord (if needed) to explain how everything works, what the process would look like, and how to make it as smooth and stress-free as possible.
Drop us a message or give us a ring — we’ll walk you through it.
For many tenants, buying the property you already live in can feel like a natural step — and more landlords are open to it, especially given current market pressures. In fact, many would rather offer it to their tenant first, avoiding the hassle of marketing it publicly.
Why Landlords Often Prefer Selling to the Tenant
Selling to an existing tenant can be quicker, smoother, and more cost-effective for landlords. There’s no need to leave the property empty or ask tenants to move out. They avoid estate agent fees, don't have to arrange viewings, and tenancy contract dates are no longer a concern. Rent continues to be paid right up until completion — ideal if they rely on that income.
In short: it’s less stress, lower cost, and far more straightforward.
Why It Can Work Really Well for Tenants
From a tenant’s point of view, if you love the area and the home, it’s a great way to stay put while stepping onto the property ladder. Long-term tenants, in particular, will want to avoid the disruption and cost of moving. You already know the property, so there’s less risk — no nasty surprises after moving in, because you’re already living there.
Some landlords are even willing to accept a slightly lower price for the convenience. Whether it’s to help you get a mortgage or simply to avoid the traditional selling process, we’re seeing more of these kinds of deals being agreed.
What Is a Concessionary Purchase?
This is where the landlord agrees to sell you the property for less than its full market value. The difference between the valuation and the agreed price can sometimes be used as your deposit — what lenders refer to as “gifted equity” or a “genuine bargain price” deal.
In some cases, this means you don’t need to put down any of your own deposit at all.
For example:
The property is worth £185,000
Your landlord agrees to sell it to you for £175,000
That £10,000 difference is classed as your deposit
As long as your income and affordability support borrowing £175,000, a few lenders will accept that 100% of your deposit is covered by the discount.
What You’ll Still Need to Budget For
Even if the deposit is sorted, you’ll still need funds for other upfront costs — including solicitor fees, surveys, and stamp duty (if applicable). These typically can’t be added to the mortgage, so you’ll need to have these set aside.
We’ll guide you through all of this to ensure nothing is missed. It’s important to have a clear understanding of the total cost before going too far.
What’s the Process Like?
It’s very similar to a standard purchase, but with a few differences. If there’s no estate agent involved — which is often the case — it’s classed as a private sale. That’s perfectly fine. In fact, we often step in to support with the paperwork that an agent would usually handle.
We can:
Provide a Memorandum of Sale
Help liaise with solicitors on both sides
Keep things moving with regular follow-ups
The mortgage itself isn’t more complicated — but you do need a broker who understands how these niche products work and which lenders will accept them.
How We at Barrett Mortgages Can Help
We’ve helped many tenants successfully buy from their landlords and know exactly what lenders are looking for.
We’ll:
Talk you through all your options and assess affordability
Explain how gifted equity or concessionary purchases work
Identify lenders that will accept your situation
Handle the mortgage application and guide you through the legal process
Make sure both you and your landlord are fully informed
If your landlord has mentioned selling — or you’re considering making an offer — it’s worth having a chat to explore what’s possible.
Ready to Explore the Idea?
Whether your landlord is on board or you're just testing the waters, we’re happy to help you explore your options properly.
We can speak with both you and the landlord (if needed) to explain how everything works, what the process would look like, and how to make it as smooth and stress-free as possible.
Drop us a message or give us a ring — we’ll walk you through it.
For many tenants, buying the property you already live in can feel like a natural step — and more landlords are open to it, especially given current market pressures. In fact, many would rather offer it to their tenant first, avoiding the hassle of marketing it publicly.
Why Landlords Often Prefer Selling to the Tenant
Selling to an existing tenant can be quicker, smoother, and more cost-effective for landlords. There’s no need to leave the property empty or ask tenants to move out. They avoid estate agent fees, don't have to arrange viewings, and tenancy contract dates are no longer a concern. Rent continues to be paid right up until completion — ideal if they rely on that income.
In short: it’s less stress, lower cost, and far more straightforward.
Why It Can Work Really Well for Tenants
From a tenant’s point of view, if you love the area and the home, it’s a great way to stay put while stepping onto the property ladder. Long-term tenants, in particular, will want to avoid the disruption and cost of moving. You already know the property, so there’s less risk — no nasty surprises after moving in, because you’re already living there.
Some landlords are even willing to accept a slightly lower price for the convenience. Whether it’s to help you get a mortgage or simply to avoid the traditional selling process, we’re seeing more of these kinds of deals being agreed.
What Is a Concessionary Purchase?
This is where the landlord agrees to sell you the property for less than its full market value. The difference between the valuation and the agreed price can sometimes be used as your deposit — what lenders refer to as “gifted equity” or a “genuine bargain price” deal.
In some cases, this means you don’t need to put down any of your own deposit at all.
For example:
The property is worth £185,000
Your landlord agrees to sell it to you for £175,000
That £10,000 difference is classed as your deposit
As long as your income and affordability support borrowing £175,000, a few lenders will accept that 100% of your deposit is covered by the discount.
What You’ll Still Need to Budget For
Even if the deposit is sorted, you’ll still need funds for other upfront costs — including solicitor fees, surveys, and stamp duty (if applicable). These typically can’t be added to the mortgage, so you’ll need to have these set aside.
We’ll guide you through all of this to ensure nothing is missed. It’s important to have a clear understanding of the total cost before going too far.
What’s the Process Like?
It’s very similar to a standard purchase, but with a few differences. If there’s no estate agent involved — which is often the case — it’s classed as a private sale. That’s perfectly fine. In fact, we often step in to support with the paperwork that an agent would usually handle.
We can:
Provide a Memorandum of Sale
Help liaise with solicitors on both sides
Keep things moving with regular follow-ups
The mortgage itself isn’t more complicated — but you do need a broker who understands how these niche products work and which lenders will accept them.
How We at Barrett Mortgages Can Help
We’ve helped many tenants successfully buy from their landlords and know exactly what lenders are looking for.
We’ll:
Talk you through all your options and assess affordability
Explain how gifted equity or concessionary purchases work
Identify lenders that will accept your situation
Handle the mortgage application and guide you through the legal process
Make sure both you and your landlord are fully informed
If your landlord has mentioned selling — or you’re considering making an offer — it’s worth having a chat to explore what’s possible.
Ready to Explore the Idea?
Whether your landlord is on board or you're just testing the waters, we’re happy to help you explore your options properly.
We can speak with both you and the landlord (if needed) to explain how everything works, what the process would look like, and how to make it as smooth and stress-free as possible.
Drop us a message or give us a ring — we’ll walk you through it.
For many tenants, buying the property you already live in can feel like a natural step — and more landlords are open to it, especially given current market pressures. In fact, many would rather offer it to their tenant first, avoiding the hassle of marketing it publicly.
Why Landlords Often Prefer Selling to the Tenant
Selling to an existing tenant can be quicker, smoother, and more cost-effective for landlords. There’s no need to leave the property empty or ask tenants to move out. They avoid estate agent fees, don't have to arrange viewings, and tenancy contract dates are no longer a concern. Rent continues to be paid right up until completion — ideal if they rely on that income.
In short: it’s less stress, lower cost, and far more straightforward.
Why It Can Work Really Well for Tenants
From a tenant’s point of view, if you love the area and the home, it’s a great way to stay put while stepping onto the property ladder. Long-term tenants, in particular, will want to avoid the disruption and cost of moving. You already know the property, so there’s less risk — no nasty surprises after moving in, because you’re already living there.
Some landlords are even willing to accept a slightly lower price for the convenience. Whether it’s to help you get a mortgage or simply to avoid the traditional selling process, we’re seeing more of these kinds of deals being agreed.
What Is a Concessionary Purchase?
This is where the landlord agrees to sell you the property for less than its full market value. The difference between the valuation and the agreed price can sometimes be used as your deposit — what lenders refer to as “gifted equity” or a “genuine bargain price” deal.
In some cases, this means you don’t need to put down any of your own deposit at all.
For example:
The property is worth £185,000
Your landlord agrees to sell it to you for £175,000
That £10,000 difference is classed as your deposit
As long as your income and affordability support borrowing £175,000, a few lenders will accept that 100% of your deposit is covered by the discount.
What You’ll Still Need to Budget For
Even if the deposit is sorted, you’ll still need funds for other upfront costs — including solicitor fees, surveys, and stamp duty (if applicable). These typically can’t be added to the mortgage, so you’ll need to have these set aside.
We’ll guide you through all of this to ensure nothing is missed. It’s important to have a clear understanding of the total cost before going too far.
What’s the Process Like?
It’s very similar to a standard purchase, but with a few differences. If there’s no estate agent involved — which is often the case — it’s classed as a private sale. That’s perfectly fine. In fact, we often step in to support with the paperwork that an agent would usually handle.
We can:
Provide a Memorandum of Sale
Help liaise with solicitors on both sides
Keep things moving with regular follow-ups
The mortgage itself isn’t more complicated — but you do need a broker who understands how these niche products work and which lenders will accept them.
How We at Barrett Mortgages Can Help
We’ve helped many tenants successfully buy from their landlords and know exactly what lenders are looking for.
We’ll:
Talk you through all your options and assess affordability
Explain how gifted equity or concessionary purchases work
Identify lenders that will accept your situation
Handle the mortgage application and guide you through the legal process
Make sure both you and your landlord are fully informed
If your landlord has mentioned selling — or you’re considering making an offer — it’s worth having a chat to explore what’s possible.
Ready to Explore the Idea?
Whether your landlord is on board or you're just testing the waters, we’re happy to help you explore your options properly.
We can speak with both you and the landlord (if needed) to explain how everything works, what the process would look like, and how to make it as smooth and stress-free as possible.
Drop us a message or give us a ring — we’ll walk you through it.
