If you are in an untenable arrears situation and you do not have any more money to offer, you will need to consider selling your property.

 

We understand if you are reluctant to sell your home, as you've invested time, love and money on it..

You should nevertheless consider selling for the best price on the open market. That would be the sensible, rational, unemotional decision.

 

But selling is not so easy just now. There are not too many buyers about, or they are not ready to proceed, or they cannot get a mortgage in the current climate. Tell your estate agent you want to move quickly and are prepared to take a reasonable offer. This is not the moment to hold out for a price that might have been achievable in summer 2007. You do not have time on your side.

 

If you really need to stay where you are for family reasons, children's schooling or medical reasons, you could look at the option of losing your mortgage but keeping your home.

 

But make sure the person or business who buys your home has your best interests at heart. Are they proper landlords, or are you really an inconvenience to their profits as a property investor?

We will see you through the whole process of selling your property and liaise with lenders, lenders' solicitors and courts where necessary.
Your landlord will be a member of the National Landlords Association and is contractually obliged to protect your tenancy. We offer a tenancy that becomes periodic after six months, so you are free to move at any time with a month's notice, if your circumstances were to change. The landlord is not free to give you notice, if you are happy to stay, which was the whole purpose of your doing this in the first place.

The rent stays the same for the contracted period, at which point you can decide to repurchase, move or stay on.
We purchase at full market value (as determined by independent valuation).
You will receive a net figure of 75% to 84% of the market value price. 
You will lose some equity, but with our scheme you have a chance to recoup most of your equity. Therefore and any uplift in value is yours!

 

If you need to stay on in the property, you will be able to negotiate this with your landlord. Good landlords have a long term approach and would be glad to have a good tenant stay with them, rather than chop and change.

 

So think carefully about selling your home. If you have to sell, will you go or will you stay? The choice is yours.