Moving home for work, family, relationships or to pay off debts? If you’re selling up at short notice, we’re the ones to trust.
At certain points in our lives, we may find a sudden change of circumstance forces us to think about moving home without really being ready – to another local town, halfway across the country, or emigrating to another continent.
The unsettling feeling you get in the pit of your stomach, on receiving news that a family member is critically ill, can be shocking enough to find yourself scanning the internet to discover what your house is worth.
Likewise, the announcement of a new job or promotion in a different location, whilst exciting, could also bring about apprehension and trepidation when you consider the upheaval of moving home to be closer to work.
You probably have not got the energy to renovate your house before selling it.
Property Saviour will buy any house for cash, with a quick exchange of contracts and the ability for you to stay in your home, rent free, until moving day.
Our team of property buying experts find that, although our clients move home suddenly for a multitude of reasons, the deciding factor in selling their home is often the need to free up cash.
They may want to buy a new home, find a flat to rent, or they need money for medical bills, debts or to help their families. Other reasons we see commonly, include:
Once mortgage arrears get to a certain level and the lender either deems that you are unable to pay the monthly repayments according to its affordability criteria or the mortgage term would have to be extended too far beyond the typical age of retirement, they could instigate a Suspended Possession Order through the court.
If you pay this arrangement on time and keep your nose clean, you may eventually break free of the arrears and be removed from the litigation process.
Alternatively, in extreme cases, the lender could apply for Full Repossession of your property, resulting in forfeiting your home and handing over the keys.
The property is then sold, usually at auction, to the highest bidder, and the original loan is satisfied. Still, there may be a deficit since there is unlikely to be any surplus due to charges and legal costs. You may be legally required to pay the mortgage shortfall.
Mortgage interest rates have been a bone of contention for many borrowers over recent years, particularly those with interest-only mortgages. Standard variable rates can rise at the lender’s discretion and do not track the Bank of England base rate, so they often seem way out of line with day-to-day living costs.
According to This is Money, the financial website of the Mail Online, one in four homeowners are paying their lender’s highest standard variable mortgage rate.
Re-mortgaging with your existing or new lender is permitted under certain criteria. But the affordability rules are complex and can be daunting to understand.
Please talk to us if you have been turned down for a re-mortgage and feel you have no way out. We can help you get cash back for your property in as little as 7 days with no commission. We even pay your legal fees.
People are reluctant to re-mortgage due to the intense scrutiny of their finances. When asking to change to a different mortgage product at a lower rate, they are often told they would not be ‘able to afford the new payments’ – despite having paid more than the new projected amount for many months or years prior.
Often these mortgages are packaged up as sub-prime and sold to vulture funds who then manage the repayments. This led to the birth of a campaign group called Mortgage Prisoners, headed by Rachel Neale and supported by Martin Lewis of Money Saving Expert.
Sadly, the government rejected the proposed interest rate cap in April 2021, which left many homeowners further distressed, at risk of losing their homes to repossession and suffering severe mental health problems, including PTSD.
Property Saviour staff are sympathetic in these sensitive and complex situations.
We can discuss all the possible outcomes for clients facing such an uncertain future whilst the amendments to the Financial Services Bill continue to be debated.
We truly understand the devastating impact this had on many people across the UK.
We are on your side. Here to help when you need to sell a house when relocating.
No pressure. No pushy sales staff. We promise.
Congratulations on your new job. You’ll be moving to a stunning apartment in a shiny new development in a swanky part of town? Great! We bet you can’t wait.
So, you pass the 3 month trial period with flying colours, all seems to be working out, the boss is awesome, the team adore you and you’re happy.
But suddenly the reality sets in. You’re paying a mortgage on your main home, and your salary won’t cover both the mortgage and the new rent. Time for a decision!
We recognise that selling a house when relocating can be stressful process.
Our team are trusted by clients across England & Wales to sell flats and houses in the shortest possible time, to get you the money you need with a stress-free sale. You sell directly to us, we have the money in the bank ready to buy.
We’re happy to provide proof of funds. So there’s no estate agent, auction or middle man. You can exchange contracts whenever it suits you.
Even if you are selling a house and moving abroad, we will help you.
All you need to do is remove possessions or vacate the housesitting friend with her 3 cats, cupcake business and 16 house plants. It’s all calm, comfortable and organised with the least disruption to your job. And your sanity stays intact.
You might have read websites by other “we buy any house” types of companies, who promise to nurture their clients yet rarely deliver.
We’re not like that at all. We value relationships.
Our team will be on your side, from the time you pick up the phone to make the initial call, right through to helping you move.
In fact, here are our best tips for keeping everything under control on your moving day:
You can see case studies from our previous clients at the bottom of the page, and indeed, all around the site as we’re proud of our reputation and our values – honesty, integrity and kindness.
If you are a UK resident selling your main home then there’s no capital gains tax to be paid.
You can sell it or rent it for income. However, with renting a property comes the headache of managing letting agents – many are unregulated.
You’ll need consent to let from your lender if you are thinking of letting it out. If you decide to sell, the balance of mortgage will be paid upon resale.