You've got questions?
We've got the answers!
I’ve recently inherited a property; can you buy it from me?
Yes, of course we can. If you would like to read more information about us purchasing inherited properties, please visit our inherited property page.
Are there any fees to pay?
No, we cover absolutely everything for you as long as you go with the solicitors we recommend.
What's the difference between repossession and bankruptcy?
Repossession and bankruptcy are legal processes that involve seizing assets to pay off debts. However, there are some critical differences between the two:
Repossession is a process initiated by a lender when an individual cannot keep up with their mortgage repayments.
If the individual has taken out a secured loan, such as a mortgage, the lender has the legal right to repossess the property when the individual fails to make the payments. The lender will then sell the asset to recoup the money owed.
Bankruptcy is a formal legal process initiated by an individual who cannot pay off their debts. It is a last resort for those who have exhausted all other options and involves the individual declaring themselves bankrupt.
Once declared bankrupt, the individual’s assets are transferred to a trustee in bankruptcy who will manage and sell the assets to pay off the debts.
Bankruptcy can be a highly complex process if the property is jointly owned and can provide some protection against property seizure, but it may also result in the property being seized if it is used to clear the debt.
How can I stop a house repossession?
Well that's what this article is about!
To summarise however, be clear and honest with your mortgage company from the get go, try and save any money you can to make scheduled repayments or look into selling your home before a repossession takes place.
Where should you look for advice on repossession?
We've touched on this in a lot more detail in the article itself, but you should always seek advice from a professional.
Some great free services that you can talk to are Citizens Advice, National Debtline, Shelter and even your local council.
Can I get my home back after a repossession?
Well, technically you can buy the house back off the mortgage company who are selling it.
You would however need to cover all the costs involved and incurred by the mortgage company during putting the house up for sale & also cover any of the arrears you are in.
How long does a house repossession take?
Around 28 days, but the judge could stretch this to 56 days depending on your circumstances. The court order will let you know the exact date you are expected to leave the property, as decided by the judge.
A possession order will be granted if the judge decides that your home should be repossessed.
Does my house being repossessed impact my credit rating?
Yes because you have defaulted on payments. You will have to work towards boosting your credit rating if you want to get a mortgage or loan again in the future.
What happens to my mortgage debt after repossession?
Speak to your lender if you have any specific queries regarding your arrears. Each lender is different so they will be able to talk to you about your individual case.
If you sell your house via a quick cash buyer then part of the lump sum you’ll receive will pay off your debt and the rest is yours to keep.
What information do you require to value my home?
To provide you with an initial valuation we need you to go through the quote process telling us the postcode, amount of bedrooms & type of property. We'll then have a chat to you around the general condition of the property which we will then be able to provide you with an initial offer.
House selling situations
I’ve recently inherited a property; can you buy it from me?
Yes, of course we can. If you would like to read more information about us purchasing inherited properties, please visit our inherited property page.
Unfortunately I have fallen ill, can you buy my property from me?
We are sorry to hear about your circumstance; however, we can help by purchasing your property. If you would like to read more information then we have a page on selling your house due to illness.
My property has Japanese Knotweed, will you still buy it?
We will buy your property with Japanese Knotweed. We can buy the property quickly off of you and then instruct a Japanese Knotweed specialist to create a treatment plan for the property. You can read more about selling a house with japanese knotweed.
My property is run down and in a pretty poor condition, will you buy it?
Yes! We buy any property in any condition, but of course our offer will be reflective of that.
Unfortunately, my house suffers from subsidence; would you still purchase it?
Even if your property has subsidence issues, we will buy your property. Unlike traditional and online estate agents who generally will not sell properties with subsidence.
House valuation process
What information do you require to value my home?
To provide you with an initial valuation we need you to go through the quote process telling us the postcode, amount of bedrooms & type of property. We'll then have a chat to you around the general condition of the property which we will then be able to provide you with an initial offer.
How will you calculate the value of my property?
At our office, we have an underwriting team that uses the most up to date software combined with their experience in the local and national property market. With the experience and software, then we are able to make a valuation on your property.
How do you value my flat?
We use a variety of online tools to research your flat and its local area which we use to determine an initial valuation. We will then need to send our one of our Acquisition Managers to come and see the property to assess the condition is as described, which we will then submit our offer.
Will you come out to see my property before you make an offer?
We sure will. If you are happy with our initial offer, we will send out one of our Regional Managers to visit your property. They will be able to confirm the offer and get all the relevant documents sorted there and then.
Will it cost to get an offer on my property?
No definitely not, we can provide you with a free cash offer in as little as 24 hours, it only takes a little bit of your time to discuss the property itself.
Payment
Are there any fees to pay?
No, we cover absolutely everything for you as long as you go with the solicitors we recommend.
How quickly will I get my cash after the sale has completed?
It may depend on your bank, but it should be relatively instantaneous.
Are there any extra charges to pay?
No - we cover everything for you, as long as you choose the solicitors that we recommend.
Does the seller have to pay anything?
No – we cover all the costs as long as you go with our recommended solicitors.
Is it legitimate?
Yes - we are a legitimate cash house buyer and we're one of, if not, the biggest in the industry. If you want to see other customers' experiences you can check out our Trustpilot, but we're also members of The National Association of Property Buyers & The Property Ombudsman.
How we work
Are you genuine cash buyers?
Yes 100%! We have our own cash reserves at the ready to buy your Oxford property & we don't rely on any outside investment, like some of our other competitors.
Why should I sell my house to you?
Where do we start! Firstly, if you sell to us it will be quick and hassle-free. We complete sales in 2-3 weeks on average, with no hidden fees to you.
We are one of the largest cash property buying companies in the UK and buy with our own money, meaning the whole process is simple. Find out more reasons to sell to us.
Can you buy my property fast?
Yes, we've bought houses in as little as 24 hours before, although our average completion is between 2-3 weeks.
Are you part of any Ombudsman or Regulatory body?
Yes, we are part of the National Association of Property Buyers (NAPB) & The Property Ombudsman (TPO).
How quickly can you purchase my home?
We can purchase your property in as little as 7 days, however, our typical purchase is between 2-3 weeks.
Sell House Fast
Is a quick sale guaranteed?
It can never be a guarantee, with property there can be all kinds of hiccups, however we try and keep these to an absolute minimum. We’ve completed on a house purchase in as little as 24 hours before, but on average it takes around 2-3 weeks.
What type of property do you buy?
Anything! We'll buy any type of property in Oldham from your large detached property to small one bedroom flats, and everything in between.
How do I know there aren't any hidden costs?
There's no hidden costs if you sell to The Property Buying Company, even legal fees are included if you use our solicitors.
Do you purchase the properties yourself?
Mostly, however, if we’re unable to help you then we have a network of investors who are also property cash buyers and can complete the sale quickly and efficiently.
Do I require a solicitor when using your service?
Yes, it works just like a normal sale, however, if you choose our recommended solicitors who we know work fast, we'll also cover the cost.
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