Fast house sale to pay your debts
Statistics show that increasing numbers of people across the UK are experiencing financial problems. With the interest rate rises in the first half of 2007, those who have borrowed 5 or more times their salary will begin to feel the effects of higher mortgage payments, and may be tempted to use credit cards and loans as an alternative means of cash. For those who are already in debt, it may seem like there’s no way out.
Homeowners choose a fast home sale
If you own your own home, it’s probably your biggest asset, with, on average, more than £100,000 tied up in bricks and mortar. If you really can’t see how you’re going to pay your debts, the answer could be to sell your home. For many people, this may seem like an extreme option, but if the alternative is to take out an IVA (Individual Voluntary Arrangement) or be declared bankrupt, it could be the lifeline you need.
The difficulty with selling your house is the time it takes. Even if you sell your home quickly and the sale goes smoothly, it could take 3-4 months from the time you put it on the market to the time you complete. If you’re debts are high, that’s 3 or 4 months of additional interest payments. You can avoid this completely by getting a fast home sale through an independent property buyer. It’s a simple process that lets you sort out your debts before the next bill comes in:
Cash sale – an independent buyer will offer you a cash price for your home. This price may be less than the market valuation you’d get from an estate agent, but it enables the sale to move more quickly.
Speed – a simple transaction between you and the property company makes the sale process much faster. You could have the cash within a month.
Expense – there are no fees to pay – the survey and legal fees are often covered by the company, and they won’t charge for their own services.
Once you’ve received the cash, you can pay off your debts immediately. You’ll probably also have money left to put down a property on a home you can afford, or to rent for a while until your finances are more stable.
At the Yorkshire Property Company, we believe in giving you the best deal for your property, so that you can get on with your life. Our experience and our professional standards of service make us the ideal choice if you live in Yorkshire and you need to sell your property quickly. With our no-fee service and plenty of help and advice along the way, we’re happy to talk to you about your property and how we can help you sell it with no stress and no hassle. Call us free now on 0800 088 7037 or send in your online enquiry form.
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