Selling an inherited property can be a long, expensive, and stressful process, often taking 12–18 months. Delays in probate, legal costs, and ongoing bills for an empty home can add to the burden.
At National Residential, we fast-track the process, saving you time, money, and stress.
Unlike traditional estate agents, we sell properties faster by running probate and the sale process at the same time.
Continue reading Selling Inherited Property Faster
David Coughlin, a Cambridge University graduate, has been trading property for more than 20 years. By maximising and reinvesting capital gains, he is regarded as one of the largest property tycoons in the UK.
Press have described him as “one of the most successful businessman and entrepreneurs in the UK with an expansive property portfolio and visionary brand.”
He was instrumental in setting good business practice standards for the quick house sales industry – see https://national-residential.co.uk/quick-house-sales
His self-declared mission is to revolutionise the way property is bought and sold in the UK.
The National Association of Property Buyers (NAPB) was founded in 2013 in response to to the growth in popularity of Quick House Sales companies.
TPO consulted with a number of reputable practitioners from the Quick House Sales industry including Dave Coughlin, Managing Director of National Residential and the Landlord Sales Agency to define a fair and reasonable business and a model of good business practice.
Quick house sales companies differ from estate agencies because they enable members of the public to sell their properties fast by buying them directly or brokering a deal with a property developer – i.e. without promoting them to the public or having to wait for someone to make an offer. Quick house sales companies that buy property directly must have significant funds available to make an instant purchase.
Continue reading National Association of Property Buyers (NAPB)
“The fast sale market is split into two types: those that buy properties and those that broker sales.
We have always known the only way for the Quick House Sales industry to survive in all market conditions is to provide a service that is fair to all parties. Our valuations (which are normally about 10 – 15% below market value) have to be fair to sellers, provide enough margin so that we are paid and be attractive to buyers.
While buyers may walk away with slightly less than if they used a high street estate agency, the speed and service we deliver is second to none. It is a much better option and returns than traditional auctions which used to be sellers’ only alternative option.
We pride ourselves on being completely transparent in our offers, delivering what we promise and for providing a much needed option for sellers who want to sell their properties in a fast, efficient and controlled way with less sacrifice than at auction.
A minority of companies with unscrupilous practice threatened the reputation of the sector but in 2013 the Office Of Fair Trading reported “Our study has shown this to be a dynamic and innovative sector where some businesses have modified their business models to try to offer a better service to home sellers” and set about identifying good practice and providing users with a means to identify trusted providers.
I was included in the group of practioners they chose to work with to develop a code of good practice and a founding member of The National Association of Property Buyers. We are fully regulated for all types of property sale.“
David Coughlin, CEO National residential / Landlord Sales Agency
Continue reading The Need For Regulation
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
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?
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.
Continue reading Avoid Bankruptcy Charges & Trustee Fees