Quick House Sale Company Numbers Increase
According to a report in the FT, there are now over 200 companies in the UK specialising in quick house sales, another sign of homeowners struggling to cope with increasing mortgage rates. “It seems to be yet another indicator that we as a nation are becoming overstretched,” commented John Howard, chairman of the Financial Services Consumer Panel.Often, these companies agree to buy homes for 70-80 per cent of their market value and pay all relevant fees and costs. Often, in return, sellers can rent their homes for less than their previous monthly mortgage payments.
Consumer bodies urge homeowners to view these companies with caution as standards can vary widely and customers have little protection as the sector is unregulated.
Some, for instance, are not genuine cash buyers, and may not be able to deliver a fast house sale as they will need to wait for finance to conclude the deal. Others will quickly evict tenants who have chosen a sell and rent back option if they need to cash in on their investment and sell the property on.
If you are looking for a professional, independent and genuine cash buyer, choose Quick Move Now. We are the UK's leading professional property buying company. Last year we helped over 400 people move home quickly.
Quick Move Now have substantial funding capacity and can often conclude a sale within 7 days.
We are genuinely interested in buying in volume and therefore we make the best offer we possibly can on every property, typically up to 900% of its value - a far better rate than any of our competitors.
If you would like to know more about what we could offer for your property, visit our website and obtain a FREE estimate. Alternatively, call us on 0800 068 3366.
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