Anita Howard, Author at National Residential - Page 5 of 5
 

News & Views

All posts by Anita Howard

Sell A Short Leasehold London Property in 3 Days

Anyone trying to sell a leasehold property will know about the drastic affect a short term left on the leasehold will have on its value and the time it will take to sell (even at a very reduced price).

National Residential Can Solve Most Property Sales Problems

If only they also knew what National Residential can do to sell a short term leasehold property for a better price and a fast sale….  If you’re wondering, you could read this article ‘Is a Short Leasehold Stopping You From Selling Your London House?‘   or you could just take a look at a recent example then phone us on 01244 757152 to find out how we did it.

 

London flat purchased in just 3 days!

Instruction on Friday and completed the next Tuesday!

In June 2017, National Residential purchased a property with a short leasehold  in London in just 3 days. The flat’s owner had the combined problems of a very short lease along with an absentee freeholder so had no way of extending their lease to sell on the open market. National Residential stepped in and we completed on the purchase in just 3 days.

Phone now on 01244 757152 to find out how National Residential can help you sell your short leasehold property in just 3 days.

Alternatively, phone us on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Is a Short Lease Stopping You From Selling Your House or Flat?

WARNING: A PROPERTY WITH A SHORT LEASEHOLD CAN MAKE IT IMPOSSIBLE TO FUND WITH A MORTGAGE AND AN UNATTRACTIVE PROPOSITION TO CASH BUYERS BECAUSE OF THE EXPENSIVE AND COMPLICATED PROCESS TO RENEW A LEASE. THE PROBLEMS CAN DETER BUYERS AND DRIVE DOWN PROPERTY VALUE BY A SIGNIFICANT AMOUNT

In A Nutshell

When a buyer wants (or needs) to buy a property with an extended lease, we make it easy for sellers to extend the lease so they get a better sales price for their property.

To our knowledge, no other estate agent offers this service and as a result, owners of short leasehold properties frequently struggle to sell their properties.

 

Short leaseholds are a major problem if you want to sell your house  – especially in London where the cost to extend a leasehold can be very prohibitive. Short leaseholds start to affect the selling price of the property at about 80 years. The fewer years there are left on a leasehold, the more affect it will have a property sale price.

Continue reading Is a Short Lease Stopping You From Selling Your House or Flat? →

Alternatively, phone us on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Avoid Bankruptcy Charges & Trustee Fees

BANKRUPTCY CHARGES CAN DOUBLE A DEBT.

You could lose your home and ADD bankruptcy fees and/or costs of up to £60,000 if you let trustees control repayment of your  debt*.

*A trustee charged to manage a banckruptcy and ensure all debt is repaid can charge c.£300 per hour and you could be charged a Secretary of State fee of 17.5% on the amount raised from the sale of your home to repay your bankrupt debt.

Meanwhile, your bankruptcy creditors can also claim 8% statutory interest on outstanding amounts.

  • You will  save money the sooner you can repay your debts.
  • Your house can be forcibly sold  up to three years after your bankruptcy order if there is no other way to repay your debts. 
  • You will probably get a higher price for your house if you sell it yourself and you could avoid thousands of pounds in added cost.

Continue reading Avoid Bankruptcy Charges & Trustee Fees →

Alternatively, phone us on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Repossession Orders

repossession sell house clear debtsWARNING: DO NOT LET YOUR HOUSE GET REPOSSESSED AS IT MIGHT GET SOLD AT A TRADITIONAL AUCTION FOR A LOW SALES PRICE. THE HIGHER THE SALE PRICE, THE MORE MONEY YOU WILL RECEIVE WHEN ALL YOUR DEBTS ARE PAID FROM THE SALE. IF YOUR HOUSE SELLS FOR LESS THAN THE LOANS AGAINST IT, YOU MIGHT HAVE TO PAY THE REST BY SELLING OTHER ASSETS.

 

In A Nutshell

We can organise a cash advance to pay off your debts so you can sell your property using our modern auctions so that you get a better price for your home AND a cash advance so that you are able to pay move into rented accommodation on your own terms.

Note: Not all auctions are the same! See why ours are best.

 

Home repossession is the same  process as ‘mortgage possession’ – it is a process lenders go through to recover money owed to them if the terms of repayment are broken by the borrower (debtor).

When a house is sold in the repossession process, any money that exceeds the mortgage loan or any other loan secured on the property or the court costs and fees is returned to the subject of the repossession order (the person whose home is sold).

Who Can Repossess Your Home

Your home can be repossessed by your mortgage lender if you fail to make the scheduled mortgage repayments agreed in the loan agreement.

Your home can also be repossessed by a lender of other loans if you have used your house or any equity tied into your house value to secure the loan.

Continue reading Repossession Orders →

Alternatively, phone us on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Endowment Mortgage Shortfall

Endowment Mortgage Shortfall: Contact National Residential for Help

Since the 1980s and 1990s, thousands of endowment policies have failed to mature as expected, leaving homeowners struggling to make final mortgage repayments due to significant shortfalls.

If you’re facing an endowment mortgage shortfall and don’t have savings or other means to cover it, extending the term of your mortgage may be an option if you have a regular income. However, if this isn’t feasible, you may be forced to sell your property to release its equity.

Downsizing to Repay an Endowment Mortgage Shortfall
If the value of your property has increased significantly, you might be able to downsize—selling your current home, repaying the shortfall, and buying a smaller property outright.
Continue reading Endowment Mortgage Shortfall →

Alternatively, phone us on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.
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