Frequently Asked Questions

We know that you will have a lot of questions to ask when selling your property and have placed the answers to our most frequently asked questions on this page. We welcome any questions you might have and will always answer truthfully.

What price could I expect to get if I sell to you, opposed to selling via an estate agent?

Most buyers pay a fair trade price for properties and this will depend on a number of factors such as location, type and condition of the property. Typically, paying somewheer between 70% and 90% of the price you could expect to achieve within 6 weeks if selling via an estate agent.

When looking at estate agent valuations, consider this recent report from Which? magazine: click here.

Are there any costs involved in selling?

No. There will never be anything for you to pay at all.

Can I use my own solicitor?

Absolutely, yes. We strongly recommend that you do, even if you have to pay the fee - the advice could save you from problems later, especially if you are entering into a rent back agreement.

I am in arrears with my mortgage, can I still sell?

As long as your mortgage company is in agreement, there won't be a problem. Sometimes, if you are in negative equity (owe more than the property is worth), some mortgage companies may not allow you to sell, or will look for some kind of agreement on settling the arrears before allowing a sale to proceed.

You need to contact your mortgage lender if your property is worth less than the price you can sell it for. Some are more sympathetic than others and may have solutions if you speak to them early enough.

What sort of properties can be sold in this way?

Most companies are looking for houses or very good quality apartments in modern blocks. Just about anything will be considered.

Will companies buy properties and lease them back to the former owners?

Some companies offer this service. There are increasing reports of companies operating in this sector failing. This means that when they fail to pay the mortgage, the original owner is often left without a home as the banks take possession of a large portfolio of properties.

The original owner (now a tenant) has absolutely no protection in these circumstances and this sector is currently unregulated - so proceed with caution.

How quickly would I need to move out of the property if I sold?

Usually upon completion, as you would with a sale via an estate agent. However, some companies are flexible and will fit in in with your own circumstances, within reason.