Crosswords3 mins ago
tenancy
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For more on marking an answer as the "Best Answer", please visit our FAQ.read your tenancy agreement - the only possibility (and it is very unlikely) is that you possess an "assured tenancy" RATHER than an "assured shorthold tenancy", as the former prevents eviction - though as i said these are very VERY rare as they are not really in the landlords interest.
As for remaining in the property after given notice to leave then you would become squatters - and the landlord wouldn't have very much trouble removing you from the property.
check your tenancy and see what it says - if it is for a short period then under a new owner it would surely be the same - unless they wanted you out the property and then unfortunately you would all need to go...
hope it works out for you all
Undercovers
You say you are not bound by any tenancy agreement. Can you say what the conditions are under which you occupy the house. There should be an agreement of some kind, and it should be in writing. If you have not got one, how have you been paying the rent - cash or direct debit etc.- and have you got proof of payment.
It is just possible that, if there really is no agreement, you might have some security but I wouldn't bet on it. Its equally likely that you could be licensees without security at all. You might need a solicitor, but first post here again with more info about the tenancy arrangement.
Can you not buy it under the Right to Buy laws that the Conservative government introduced some years ago? I lived in a prison service quarter, and they became surplus, so my wife and I bought it with a discount similar to that of council house tennants.
At the very least, I think you need to speak to a solicitor as soon as you can, and try the CAB on
http://www.citizensadvice.org.uk/
Good luck