RepayMortgage.co.uk - Examples
Facing imminent repossession
We often get enquiries from people who are about to get repossessed through non-payment of their mortgage. In this situation we need to know the time scales so that we can take the necessary action to stop repossession. The very first step is where we assess your property value and market rent. With this information we can provide you with an indicative quote within hours.
The offer will be confirmed in writing after your property has been viewed - in urgent cases this is completed within 24 hours. Once the offer is agreed we will instruct solicitors to act and stop the repossession.
Note that a key factor for selling and renting back your property is the rental contract, you should ensure that any rental agreement affords you protection to meet your future needs. For example, when we ask clients about their preferences they often require a long term rental agreement - don't be forced into accepting a short term 12 month rental contract if this is not what you want.
Need a quick house sale to free up equity
Firstly you should be aware that by selling your property in this way you will receive a below market value price. Whilst we feel the prices we offer are highly competitive there may be other ways in which you can release equity, such as re-mortgaging or a secured loan. We do not offer advice on loans or mortgages but suggest you seek independent advice to work out the best option for you.
Selling a property fast following divorce / separation
We receive many different types of requirements following (or during) the divorce process. Firstly you should seek independent advice on how best to achieve financial separation before contacting us to sell your property. Sometimes we are asked to sell a house fast to release equity for the financial separation, other times we are asked to sell and rent back so that one of the partners can continue to live in the property. Whilst we can cover most situations the very first step is to seek independent advice on how best to separate your financial assets.
Selling up to relocate - within UK or overseas
Once you have arrived at the decision to sell your property and relocate you should first consider marketing your property locally to a private buyer for the best possible price. If you can not find a private buyer and need to sell fast then we can certainly help - but you will receive an offer at below the current market value. This is because we in effect have two sets of buying and selling costs combined with the cost of interest on our financing whilst we re-sell your property - which in some cases can take over a year to achieve.
Breaking a property chain
When a chain of 5 or 6 properties are waiting on one buyer who has just pulled out it can be immensely frustrating for everyone involved. This is made worse when the market slows down with little hope of finding a buyer in the near future. This type of situation is ideally suited to our services. After viewing your property we will make an offer in writing, and if accepted we can complete in a week, or longer if you require, to meet the needs of the property chain. Whilst our offer is below market value to cover our buying and selling costs (along with associated risks) it should be possible to share this cost across the property chain - on the basis that everyone will benefit.
RepayMortgage can help you to achieve a quick property sale
Whatever your need RepayMortgage will consider the options and put forward a proposal. We specialise in quick property sales and sell and rent back services for our clients, we aim to focus on what you need and tailor our services to meet those needs. There is no "sales pressure", we make an offer and you decide if you want to proceed. Call us today on 0800 8600 285.
Related RepayMortgage property pages
Information on selling your house fast and quick house sales
For property sales in and around London fast house sales in London
The process to
stop eviction from your home.