PROBLEM PROPERTIES

Your problem is our problem

For most people the biggest problem they might face with their property is a leaky roof or draughty window but at HBFS we know that some people face far more serious problems when faced with selling their home.

It may be that the property needs complete modernisation or is in a not so desirable postcode. It could be something structural with the building requiring specialist and expensive building works, subsidence for instance. If the property is leasehold it could be on a short term lease or there could be a large development just around the corner.

Whatever the problem here at HBFS we are interested in property of any condition in any area and because we buy for cash we can take on properties that traditional lenders would not be happy to lend against. This means that we can buy your property fast for cash and then your problem becomes our problem.

Subsidence problems

Traditionally selling a property which has a history of subsidence is virtually impossible. This is because most prospective buyers will need to finance the purchase with a mortgage and nearly all mortgage companies will not lend against houses suffering from subsidence. Even if you find a mortgage company who is willing to lend it will normally insist on a significant retention being placed on the loan until repair works have been carried out.

For HBFS however subsidence does not stop us buying your property as we do not rely on approval from a mortgage company and can buy your home fast for cash and then carry out any remedial work which may be required.

Short lease

For those of us living in freehold property a lease is of no concern but for those living in a leasehold property the length of time left on the lease has a significant affect on the market value of that property. In real terms what this means is that as the length of time left on the lease decreases the value of the property falls. This fall in value happens much quicker when a lease has less than75 years when property values fall sharply.

This is because that in order to extend the lease the leaseholder will have to re-negotiate an extension to the lease with the freeholder. This will normally be a significant fee and an extension is not always guaranteed. This means that properties with a short lease are almost impossible for someone to buy if they are funding the purchase with a mortgage.

This means a cash buy from HBFS is a realistic way of selling your home. Let us buy your house fast and leave us with the hassle of negotiating an extension to the lease leaving you free to move into your next home.

Property Crisis

Call Now On

0800 043 4133