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Property News UK

David Coughlin, Managing Director of National Residential shares the secrets of his success.

David Coughlin - the secret to success is service and transparency

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.

 

Continue reading David Coughlin, Managing Director of National Residential shares the secrets of his success. →

Phone us now 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.

National Association of Property Buyers (NAPB)

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) →

Phone us now 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.

The Need For Regulation

“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 →

Phone us now 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.

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.

Phone us now 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? →

Phone us now 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 →

Phone us now 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

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 →

Phone us now 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 →

Phone us now 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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