Landlord Repossessions Set to Rise Rapidly

According to a recent report in the Independent, tenants failing to keep up with rental payments is causing a record number of evictions and repossessions by landlords. This is leading to many landlords being in a situation where they need a fast house sale in order to rectify their mortgage arrears and clear their debts.

Data released by the Ministry of Justice shows that while repossessions of owner occupied homes by building societies, banks and other money lenders has stabilised at a low level for the past few years, repossessions of rental properties have risen sharply.

Some financial experts are predicting that landlord repossessions may rise by 10% over the next few months as more tenants default on rent and more landlords become in mortgage arrears.

Rent Arrears Leading to Record Number of Repossessions

During the final quarter of 2017, there were more than 15,500 legal repossessions made by landlords to evict their tenants. Although London is a rising hotspot for areas where tenants are being evicted for rent arrears, other areas in the north and north east of the country such as Grimsby, Hull, Doncaster and Peterlee have also been particularly hard hit.

Interestingly, it isn’t just lower rental value properties that have been repossessed. London and the South East has seen a dramatic rise in the number of repossessions of high value rental homes, some worth millions of pounds.

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Sell My House Today | Sell My House For cash

Interest-Only Mortgages Outstrip Current House Values

In addition to tenants not paying their rents, repossession of rental properties from money lenders has increased as more landlords have been unable to repay their debts as lower house prices have meant they are unable to raise enough from the sale of the property to fully clear the outstanding mortgage.

Many landlords who took out Buy-to-Let mortgages on interest-only repayments in the 1990s are now finding their mortgage expired but their investment has considerably dropped in value and is no longer worth more than the original mortgage. While this is a problem in London, it is also a particular issue in Grimsby and Peterlee where house prices have still not recovered from the 2008 financial crisis.

Need a Fast House Sale?

This could be a reason for many landlords in areas such as Grimsby or Peterlee needing to sell their property fast. In order to appease their mortgage lenders, who need a fast house sale is often needed to offset the debt and stop them sliding further into financial trouble.

In many cases of landlord repossessions, the time taken between the landlord making the claim and the property being repossessed is now an average of 41 weeks according to figures from the Ministry of Justice.

Approved property buyers and companies that buy houses fast are offering people in these situations a rapid solution. Rather than have to sell their house via the route of an estate agent. Property buying companies can facilitate a fast house sale and buy property for cash.

BuyingPropertyFast.com is a reputable property buying company which specialises in buying houses for cash in Peterlee and Grimsby.

Pressure for Local Authorities to Clamp Down on Empty Properties

Liberal Democrat leader, Vince Clark, has expressed his concerns over the number of vacant properties around the country and pledges to do more to encourage local authorities to implement empty dwelling management orders (EDMO) to help rectify the growing problems of homelessness.

A recent report in the Telegraph has shown that there are around 11,000 properties in the UK which have been left vacant for more than ten years. In addition, there are around 60,000 properties which have been left empty for two years or longer, and more than 200,000 that have been vacant for at least six months. Property buying companies figures which have apparently doubled over the past 20 years and could well rise over the coming months and years.

Depressed Housing Market

This makes depressing reading for anyone who lives in an area with a depressed housing market but needs a fast house sale. Buying Property fast  analysis there are many different regions across the UK that are experiencing slow moving property due to various factors, particularly areas in the North East such as Peterlee.

Decreased wages, zero-hour contracts, low rising house prices and high unemployment are all amongst the factors contributing towards the problem. Approved property buyers resulting in more and more homeowners having to leave their property empty because they are unable to sell their house within a certain time frame.

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Sell my house fast

Even more worrying for those who are faced with the prospect of having to leave their property empty, is the move to give local councils the powers to take over properties which have been left empty for more than six months to help alleviate the housing crisis.

Few Local Authorities Currently Use EDMOs

EDMOs are currently used very rarely with just one in 13 local authorities putting the order into practice but Liberal Democrat leader, Vince Cable, is keen to push the Government into encouraging local authorities to use this act more to provide much needed social housing for vulnerable people and the homeless.

While the move may help local authorities address their housing problems, it could leave the owners of the property seriously out of pocket. Sell my house today If you are the owner of a home that has been left empty for a considerable amount of time, there is a danger of wiping tens of thousands of pounds off the value of the property. Vacant houses and flats are prone to rapid deterioration as well as being easy targets for vandals and squatters.

According to Government figures, Durham currently sits top of the table with the number of vacant properties according to the Telegraph report, with more than 6,500 homes that have been empty for at least six months, many of which will be in the Peterlee area.

Houses Can Be Sold Fast for Cash

However, all is not lost for those who may find themselves in this predicament. There are ways that you can sell your house for cash and eliminate the worry of your property remaining vacant for months or even years. Companies that buy houses fast and buy property for cash can help to solve the issue of relying on a slow-moving property market in areas with depressed house sales.

Companies such as buyingpropertyfast.com will allow homeowners the chance to sell their house fast. This will allow them to move on with their lives and relinquish the equity in their homes,  Need to sell my house fast rather than chance the uncertainty of their local property market and potentially losing many thousands of pounds from the value of their home and having to deal with the many months or years of stress involved with having a property sat empty.

 

How to spot the difference between Approved property buyers and the fake property buyers

There is so much content on the internet when it comes to Need a fast house sale but very less content is there when it comes to spotting the difference between the Approved property buyers and the fake property buyers. Property buying companies can easily spot the difference between them. Property buying companies know how the proper process is being followed and what steps must be taken.

When you buy your house or when you sell your house or property you have your emotions attached to that property and if it goes to the fake property buyer then not only you will have to adjust with the low-cost value but you also have to bear the legal consequences. Companies that buy houses fast like the Buying Property Fast can help you to spot the Approved property buyers.

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How to sell my house fast

-Don’t just look at the money in bag but listen how much knowledge they have regarding the selling and buying

-ask questions as much as you can

-You can also verify the documents as the Approved property buyers will always have the proper documents

-You can also search for them in the market

-Take proper time and then close the deal

-Know what actual price rate is there in your area then compare with the estimated cost

-If you have any doubt, Then DON’T CLOSE THE DEAL.

If you want to move out and want to sell your old home for better prices so that you can buy your new dream house then you can contact Buying Property Fast. You just have to contact us buyingpropertyfast.co.uk, we will make a visit to your place and will make the deal for your property.

 

Buying Property Fast is different when it comes to buying property

Selling a property could be a serious business: you would like to make sure you’re handling serious buyers. That’s why you should sell to Companies that buy houses fast – as a result of we promise to take you seriously. We don’t make ridiculously low offers or back out at the last minute, pressure you, or let us sellers down in any means. Our money offers aren’t just very enticing– they’re fully honest and real, too. We find that a lot of people sell their home to access the money.

Companies that buy houses fast has the expertise, skills, and funds to buy quickly and easily – and, if we have a tendency to make a proposal to shop for your property, that’s exactly what we’ll do. Notwithstanding what reasonably property you have got, although it has infrastructural or abidance issues, we will assist you advance, whether or not you wish to shop for a brand new home, retire, move abroad – or anything else. We’ll assist you to keep your life on the right track

A quick online search can show you that there is no shortage of firms that promise to buy your property for cash, at a great value. The fact is though that the majority of them are Approved property buyers or another kind of middleman. Typically, if they make a proposal at all, it is very low, and therefore the sale process is prolonged, often, there are hidden costs. None of this is true with buyingpropertyfast.

Need a fast house sale | Sell my house today
Need a fast house sale

Need a Fast House Sale? Property Buying Companies like the Buying Property Fast can help you to sell your house or property. Buying Property Fast will make it fast process and offer you the best price. You just have to contact us at buyingpropertyfast.co.uk; we will make a visit to your place and will make the deal for your property- alternatively phone Scott Murphy direct on  033 03 8000 18.

Know what will cause buyer to pay you less from the Companies that buy houses fast

Need a fast house sale is what we always ask but How to sell my house fast, why I am not getting the expected cash and value of my property are the after questions asked out of the realization that why we are not getting the exact value. But it is not that only your house plays the important role but there are several other factors which also plays the important role in answering how to Sell my house for cash or the ‘expected cash’. We know that locality and your house are going to be a winner when deciding upon the factors which help to Sell my house fast but even though you live in a big locality of your city there might be many factors due to which you can’t sell your house fast.

Many Property buying companies or the agents or the Approved property buyers might not tell you the reasons for low values of your house but they pay attention to even the smallest thing at your house. The easiest factors for low value are no sunlight or more sunlight, dark rooms, no window, no attached washroom, and bathroom, not having proper space between kitchen and hall, bad smell, damp stains, no garden, no parking, not proper flooring, proper pipelines for damping. These are certain unspecified reasons due to which you may have to satisfy the low cost of your house.

Need a Fast House Sale? Property Buying Companies like the Buying Property Fast can help you to sell your house or property. Buying Property Fast will make it fast process and offer you the best price. You just have to contact us at buyingpropertyfast.co.uk we will make a visit to your place and will make the deal for your property.

Tips to sell your house fast with the Companies that buy houses fast

Everyone wants to sell their house and want to have the best price for their valuable property. But convincing the buyer is the most difficult task. Property buyer obviously needs that property on which he has to invest less for its renovation because giving you high price along with the cost of its renovation will be the loss deal for the buyer So make your place look its best for the buyer. Here is some tip from the Approved property buyers to make your House look great.

Place your furniture properly-If you want to sell the house then it is important to set your furniture in such a way that it makes your room look bigger

The Outside-Before entering the house the outside matters a lot, people tend to make an impression about your house just by looking at the outside environment and removing that first impression is the difficult task.

Kitchen-Try to make it look more simply because more congested it is, the more bad look it will create, Take look at the floor, Washout utensils before buyer going to visit your place, Take care of taps in the sink.

Bedroom-Bedroom should only have bed and wardrobe, dressing table. Apart from this all things are just add on and it will make your room look small.

Companies that buy houses fast
Companies that buy houses fast

Bathroom-We can’t use public washroom every day, we just use them in an emergency because they are not clean and hygiene. Just make sure your bathroom appears to be clean.

Even if you want to sell the house which was empty since ages then don’t worry about the

Buying Property Fast it can be an easy task. Approved property buyers values for the house space more than its aesthetic purpose and we try to give our best quote for your property. You just have to contact us buyingpropertyfast.co.uk, we will make a visit to your place and will make a deal for your property.

Buying property fast is among the fastest Companies that buy houses fast

Buying property fast is among the fastest Companies that buy houses fast

Many people raise themselves the question: How to sell my house fast? Well, you’re looking at the solution. Selling your home to buyingpropertyfast.co.uk couldn’t be easier or faster. First, we tend to price your property, then we tend to cause you to a proposal and, if you settle for, we have a deal. A month or less late (typically), the method is complete. And that’s it. No unpleasant surprises, no trouble simply an honest (and highly competitive) offer, followed by quick completion.

In short, when it comes to Companies that buy houses fast, buyingpropertyfast is among the quickest and also the best value!

As one of the UK’s leading Companies that buy houses fast, we’ve got the expertise, skills, and funds to buy homes quickly and easily and, if we create a proposal to buy property for cash, that’s exactly what we’ll do. Notwithstanding what kind of property you have got, even though it’s infrastructural or residence issues, we will assist you to move on, whether or not you would like to buy a new home, retire, move abroad or the rest. We’ll assist to you keep your life on the right track.

 Need a fast house sale | Sell my house today
Need a fast house sale

If you wish to move out and wish to sell your old home quickly for the better costs in order that you can get your new dream house then you can contact Property buying companies. You only need to contact buyingpropertyfast.co.uk we’ll make a visit to your home and will make the deal for your property.

Know how timing is important when selling with the Property buying companies

Know how timing is important when selling with the Property buying companies

We always want a good return whether it is property selling or anything and we want it to be fast as well. Need a fast house sale with a maximum return is what always you have in your mind. But have you ever wondered what the season plays the important role in giving you the good return? Yes, it is that factor myth we don’t know but as per the analysis and the observation, it depicts that the season plays the crucial role in giving you the good return for your property.

Well, timing is the key to selling as well. We encounter many seasons in a year and according to the reports, winter is the worst season for selling. Don’t be surprised but it the truth. The reason is the snow everywhere and selling your property, balance finance, moving to new place, busy in Christmas vacation planning is the reason for making it the worst season for selling. Summer is better than winter as it is not as exciting as winter due to the festival holiday but it has its drawbacks like people don’t want to spend their afternoon roaming for a house so it decreases the buyer list. According to the Property buying companies, the winner is spring and the autumn as it the balanced season with no snow and no heat and people have the most positive attitude during the season which can help you to get the good return for your property.

If you want to move out and want to sell your old home for better prices so that you can buy your new dream house then you can contact buying property fast. You just have to contact us buyingpropertyfast.co.uk, we will make a visit to your place and will make the deal for your property.