You have decided that you want a quick sale of your property. In this market you are not prepared to “wait and see” what will happen by using a traditional estate agent. You are therefore thinking about finding a cash property buyer.

Who do you target and what do you need to think about?

With interest rates static at 5%, living costs and fuel prices rocketing increasing numbers of people are struggling to keep pace with mortgage payments, and other debts secured on property.

The Ministry of Justice said 28,658 repossession orders were made by the courts in England and Wales in the second quarter of 2008. This was up […]

House prices in the UK have fallen for the fourth month in a row, as higher interests rates have dented homebuyers’ confidence, according to new statistics.  According to property website Hometrack, the average house price in England and Wales fell by 0.3% to £174,700.

If you have decided to sell your house, these are the options available to you. The option you chose may depend on a number of factors, like how quickly you want to sell your house, or how much you are prepared to pay estate agents and others to handle the sale.

With higher interest rates and the effects of the credit crunch, homeowners face a greater risk of having their houses repossessed than they behave been since the 1990s.
According to the Royal Institution of Chartered Surveyors (RICS), around 45,000 homes will be repossessed in the coming year – this equates to 123 repossessions every day.
This represents […]

By David Stubbs
Senior Economist with Royal Institution of Chartered Surveyors (RICS)
Over the last decade investing in property has been a hugely profitable strategy. Those who bought investment properties in 1996 were purchasing an asset with a gross yield of more than 9% financed with borrowing at interest rates below 7%.

Many UK homeowners with patchy credit histories may be forced to put their properties on the market next year, as lenders get tough.
The Council of Mortgage Lenders (CML) warns that, due to the recent credit crunch many homeowners will face higher mortgage payments.

Many homeowners will have been relieved by the Bank of England decision to cut interest rates by 0.25% to 5.5%, but money experts are warning that it ill take some time for the benefits to trickle down to homeowners. The reason is that banks are currently lending money to each other at 6.65%, which is […]