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.
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?
National Residential recently celebrated over 10 years of business at Chester Racecourse.
Since 2007 National Residential has helped 1000s of people to sell their houses fast and stress free.
Continue reading Helping People To Sell Their Houses Fast For 10 years
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
WARNING: 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
Since the 1980s and 1990s, many thousands of endowment policies have failed to mature as expected leaving thousands of policies with an endowment mortgage shortfall and homeowners struggling to make their final mortgage repayments.
If policy holders do not have savings or some other means to cover the mortgage repayment shortfall, it may be possible to extend the term of their mortgage if they still have a regular income.
However, if they cannot raise money to cover the shortfall or extend their mortgage term, they may have to sell their property to release the equity tied into it.
Downsizing To Repay an Endowment Mortgage Shortfall
A significant difference between the amount the property has increased in value and the money needed to make up the shortfall may provide enough funds to buy a smaller property outright and repay the endowment shortfall.
Continue reading Endowment Mortgage Shortfall
In June 2017 National Residential sold 41% of the properties listed in an average time of 32 days.
Compare that to the national average selling time of 60 days for June 2017 (see http://www.rightmove.co.uk/news/house-price-index/). Add to that out annual average of 56 days to complete for completions handled by our in-house team and you’ll see why our clients come to us for a quick sale.
That and the great prices we achieve of course – in June our average sales price was 128% of the ‘offers over’ price.
To find out how National Residential can help you to sell your property fast without any obligation to proceed, call us now on 01244 757152
Working with National Residential is positive for both Vendors AND Buyers
At National Residential, we work hard to ensure that the house sale process we offer is quick, simple and efficient for both vendors and buyers, thanks to our experienced and friendly team of customer service professionals, property-sale specialists and panel solicitors.
Continue reading Vendors and Buyers working with National Residential is positive
Selling your Home Online
Your home is likely to have been the biggest purchase you have ever made, so when it comes to selling it, you probably only have one route in your mind – the tried-and-tested traditional route of the High Street Estate Agency: the familiar ‘man in suit’ coming round with a laser measuring device and a clipboard, taking photos of your unnaturally clean and clutter-free rooms, and then enthusiastically leading family after family around your home and emphasising words like ‘functional’ and ‘bijoux’ and drawing attention away from the slightly suspect plastering job in the kitchen…
When selling your home with traditional High Street Estate Agencies, the audience of potential buyers you are able to reach can be a little limited. You may find your audience restricted to people who are physically passing by the Estate Agency and have a spare moment in their busy schedule to look in the window, as well as the few people who still look at the property pages of the local free newspaper (before ‘filing it’ straight in the recycling bin), and visitors to sites such as Rightmove and Zoopla who just happen to enter the exact search criteria for your unique property.
Selling your home online with National Residential is different – investors and property developers, as well as people looking to buy a new family home, regularly visit our innovative auction site. Our Professional buyers aren’t necessarily put off by pictures of messy rooms, a dated kitchen or a lack of curb appeal, unlike many traditional house buyers. Our professional buyers are looking for properties at the right price and that offer a good investment opportunity, and they want a fuss-free sale that can be completed quickly and efficiently, something that National Residential can help to provide.
So why not consider selling your house online through National Residential? Phone today for more information about our innovative, yet trustworthy, selling process – call us now on 0800 612 3694 or 01244 757152
Trusted Online Estate Agent
Every so often, we get a telephone call from a customer asking ‘Why can I trust National Residential with my property sale? What makes you so different from High Street Estate Agencies?’ and we are always happy to explain the numerous benefits of selling property with us!
Let’s clear up one important detail straight away! We are registered with the Property Ombudsman, just like High Street Estate Agencies, and are therefore subject to the same ‘good practice’ guidelines. This means that we work incredibly hard to ensure that all of our actions are honest and transparent, and will work closely with both vendor and buyer to ensure property sales happen swiftly and easily, without complication or ‘hidden’ fees.
Continue reading Trusted Online Estate Agent
A Quick Sale
“About 15 years ago, my family found themselves in a bit of a difficult situation. We had overstretched ourselves with our mortgage in order to invest in a property that had a lot of potential, but redundancy hit before we were able to realise that potential. As a result, our capacity to continue paying large monthly repayments put more and more pressure on our small family. We put our house up for sale with a traditional High Street Estate Agency, but whilst we waited for our property to sell, the entire focus of our life became about money: How could we keep making mortgage repayments on a reduced income? How much work could we take on to cover the mortgage and our essential living expenses? It was a difficult time, and with hindsight, a guaranteed and quick sale – the likes of which National Residential offer – could have been a good option for us”
This is a real account from a member of the National Residential team, and highlights the stress that a house sale – particularly one that has been imposed on you for negative financial reasons – can have on a family.
Continue reading A Quick Sale – National Residential
Auction Properties UK
Are you looking for a new family home or a new investment property to add to your portfolio?
If so, why not consider bidding on one of the properties currently for sale on the National Residential online UK property auction site?
With National Residential, it is simple to place a bid on one of our properties, and you can do this easily, 24 hours a day from the comfort of your PC or mobile device. We use the very latest technology to enable buyers to monitor properties, place bids, arrange viewings, ask questions, and to keep buyers constantly informed of the current bids and the ‘Best and Final’ end dates for online bidding. But we do not offer a ‘faceless’ or impersonal service – we work with the very best local estate agents to carry out viewings and to help buyers make offers on our properties.
Continue reading Auction Properties UK
In this ‘Digital Age’, where anything and everything is available to purchase online, the likelihood is that most people have used an auction site to buy or sell something, however small. I’ve used eBay, for example, a few times – it’s quick and easy to use, though I am extremely conscious of the fact that I don’t want to get too comfortable using it and end up with a whole house full of random stuff purchased ‘because it was a bargain’… Anyway, despite their user-friendly nature and the fantastic range of products that are available on buy through online auction sites, they do still appear to have issues associated with their human users – how many of you have run into problems, either with a buyer or a seller, who doesn’t fulfil their end of the sale? I certainly have.
As a result of issues that people may have experienced on other auction sites, when some people see National Residential’s innovative auction service, they are a little bit dubious – they want to know: is it really possible to sell a house with an online auction system? Given that nearly everyone has had a dodgy experience on an auction site where either a buyer or seller hasn’t fulfilled their obligations, how can National Residential ensure that buying a house via their online auction works for both the vendor and the buyer?
National Residential’s success with their online auction system is all down to the technology that they have incorporated into the system, as well as their dedicated team of experienced customer service staff who work tirelessly behind the scenes to ensure that all parties involved in the sale are serious and have the funds available to complete. Their hard work really has paid off – thanks to their rigorous buyer approval procedures, 95% of all agreed sales complete!
Continue reading Auction Properties
Modern Estate Agents
At present, only 5% of Residential Properties sold in the UK every year are sold via online Estate Agencies (Which), but in a world where we are increasingly shopping, saving, working and communicating digitally via the internet, whether you access the internet from a fixed terminal at home or work or, like 68% of the UK’s population in 2014, via a mobile phone or tablet ‘on the go’ (source: Ons.gov.uk ), this figure is only going to rise!
National Residential have worked hard to embrace the modern, ‘digital’ Estate Agency ideal of 24/7 clear and simple access to properties for sale, regardless of whether you are at home or on the move. With National Residential, you can bid on a property 24 hours a day from the comfort of your PC, iPad, Tablet or Smartphone. (Modern Estate Agents)
Continue reading Modern Estate Agents
Online Estate Agent
With over 100,000 properties selling in the UK every month (Source: ‘Monthly property transactions completed in the UK with a value of £40,000 or above’), if you are looking to buy or sell a house, where do you start?
More and more people are turning to online Estate Agents when they want to buy or sell a property, thanks to the incredible convenience of these online platforms over conventional High Street Estate Agencies. If you are looking to buy a house, there are now thousands of potential homes available for you to browse through online at the stroke of a keyboard! If you are looking to sell your home, you can now market your property to significantly more people than you ever could if you were relying solely on potential passing trade outside an Estate Agent’s window!
However, even when it comes to online Estate Agencies, not all are created equal! They may all be more convenient than traditional, bricks-and-mortar High Street Estate Agencies, but not all can guarantee a speedy house sale service. National Residential can!
Continue reading Online Estate Agent
How can we sell your house fast?
If you are looking to sell a property quickly – whether it is your family home or an investment property – National Residential are here to help you!
For those looking for an urgent sale, National Residential hold a dedicated ‘Home Purchase Fund’ that could be used to purchase your property for up to 80% Market Value in just 7 days. There are no additional legal fees or Estate Agency Fees to pay, and the money could be in your bank account 7 days later if you qualify for this service and agree to the price we offer. For more information, Sell House Fast
If you have a little longer to spare and would like to receive 100% Market Value for your property, then our 28-day online property auction service could work for you. National Residential currently offer two different 28-day sale options:
1 28-Day Fixed Price Sale – with ZERO Fees. If you choose this option, we will agree a Fixed Price with you to include all your legal fees and any estate agency fees. We sell your property for a higher price to an investor who pays our fee and all your fees (including any fees for lease extensions), and on completion you receive the agreed Fixed Price with no deductions for any fees whatsoever (apart from your mortgages of course!).
2 28-Day 100% Market Value Sale. If you choose this option, you pay your own fees. You set a minimum Reserve price for your property and our job is to beat it! Assuming we achieve or beat your Reserve Price, then we agree a sale and on completion, you pay all your own legal fees and you pay us a commission fee of 2.5% + VAT (min £3995 + VAT). From our commission we also pay the local estate agents fees.
All properties sold via our 28-day House Sale options are advertised on property portals such as RightMove and Zoopla, as well as through local Estate Agents and on our very own Auction Platform (view current properties for sale here: http://properties.national-residential.co.uk/Index.aspx). As a result, your property is advertised to a huge range of potential buyers so that we can get the very best price. National Residential is also registered with the Property Ombudsman, so you can trust that all of our processes are honest and transparent. So what have you got to lose?
Call us today on 01244 757152 or 0800 612 3694 and find out how we can help you to sell your home, fast, and for the best possible price.
Sell Your House Fast
Sometimes life can throw up unexpected hurdles or ‘curve balls’ – perhaps an unexpected promotion or posting at work that involves you relocating, or the happy news of a new addition to your family that means a bigger house is required. There are a number of reasons why you may need to reconsider your current housing situation, possibly urgently, and it can be quite a confusing and stressful time. However, it doesn’t need to be – National Residential specialise in selling houses fast.
Continue reading Sell Your House Fast
Quick House Sale
National Residential have a great deal of experience when it comes to helping people sell their properties quickly and easily, as you can see from some of our many glowing testimonials:
“I found National Residential was a friendly speedy service that let you know what was happening from the start to completion. I really liked the efficiency that I was given. I thank you” Mrs M, Blackpool, December 2014
“Everything was explained in clear English and not legal jargon. The politeness and understanding we were shown – we were not made to feel like 2nd class citizens because of our position. It has enabled us to sell our home quickly and resolve some very important issues. We both sleep easier now.” Mr and Mrs C, Rochdale, November 2015
“National Residential did exactly what they said they would do. Sold my house fast with no hassle whatsoever.” Mr and Mrs P, Wrexham, November 2015
But don’t just take our customers word for it – the statistics from our recently sold properties speak for themselves!
Continue reading Quick House Sale
How to Sell your House Quickly
Sell your house in as little as 7 or 28 days, guaranteed. There are many reasons you may have for selling your property, or needing to sell it quickly, personal or otherwise. Selling with National Residential will be a stress free experience. Sometimes, things in life happen that we have no control over and sometimes we need to free up cash or move quickly when life doesn’t really go as planned. National Residential allows this flexibility in life and can help out when things happen that we can’t control.
Continue reading How to Sell your House Quickly
Online Estate agents go from 2.5% of market share to over 5% in two years – Rightmove
The property and technology worlds collided in the heart of London for the Future Property Tech conference, held yesterday.
Continue reading Online estate agents go from 2.5% of market to over 5%