f.a.q.

Where do you buy?

We buy property throughout the UK (England, Scotland, Wales and Northern Ireland).

How much will you offer me?

We will offer you in the region of 75% of the current market value. Therefore if your property is worth £100,000 we will offer you around £80,000. Factors which can affect this are the location, condition of the property and if it is already tenanted.

When you make an offer within 24 hours on the phone, will you need to see the property?

Yes. We will send someone out to meet with you at the property usually within 48 hours. This will provide you with the opportunity to ask any questions not previously asked on the phone and also provide us with the opportunity of viewing the property.

If I accept your offer, how much will I receive?

The amount you receive will be the total amount agreed, less any charges registered against the property. These charges generally consist of your mortgage and secured loans. There are no hidden charges as with selling through an estate agent.

How long will it take before I get the money?

Most property transactions are straight forward and therefore you should receive your money within 28 working days.

Do you have a limited timescale on any offer you make?

No we do not. However, should the offer not be accepted within 14 days we will allow the funds to be utilised elsewhere. This may jeopardise us being able to purchase your property should you accept at a later date.

My property is on the market. Can I still sell it privately?

Yes you can. Although an estate agent will not be happy that you have not sold your property through them, so giving them a high commission, there is very little they can do. However, you must check the contract very carefully if you have signed one as you could still be liable to pay a percentage of the sale price. See our report for more detailed information on estate agents.

If I want to buy the property back, is there a timeframe?

Yes there is. A buy back agreement will be prepared which allows you to buy the property back within a fixed period of 2 to 5 years at an agreed price. During this time, we can not sell the property to anyone as you have the right to buy it. However, should you decide at a later date you do not want to buy it back you do not have to and the agreement will expire after five years.

I am being repossessed next week. Can you help me?

Yes we can. With as little as 24 hours notice, we can have your repossession date postponed allowing us time to complete the sale. We will appoint a solicitor for you and through them the court will be contacted indicating you have found a buyer and need more time to complete on the sale. Only in exceptional circumstances will this not be granted.

Do you offer a payment for referrals?

Yes we do offer a Cash Reward to anyone who passes us the details of properties which we later purchase. This can be anywhere between £500 and £1,000 depending on the purchase price and there are no limits to how many referrals you can make.

 

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