"We believe there is a solution to any property problem"

House Blog

How to find out if my house in negative equity?

Posted by on May 11, 2012 in House in negative equity, How to sell my house quick | 0 comments

How to find out if my house in negative equity?

What does it mean “house in negative equity”? Mortgage brokers,  banks and press talk about houses in negative equity being a real problem at the moment…. What does it mean house in negative equity?  And how do I find: “Is my house in negative equity or not? And if my house in negative equity who will buy my house quick?” First of all,  what is equity? Equity is an amount of cash you can pocket after you sold your house and paid off the mortgage. When you buy a house, your equity is your cash deposit. Easy. Now,  when does a house turns into a house in negative equity?  If house prices keep falling, like they are doing right now, then at some point the value of the house will become lower than the outstanding mortgage, so you can say my house in negative equity. In other words, if you owe on your house more than what you can sell it for, than the house is in negative equity.    How to find out if my house in negative equity? You need to compare 2 numbers: 1. The value of your house or how much you could sell your house for  in the current market. Review similar houses in your area  which were sold recently to get an idea and if you need more reassurance, than get a Valuation report from a qualified Surveyor, like CountryWide. 2. Second number is a total debt against your house: mortgage, loan, other borrowings all put together. Don’t forget to include taxes and other fees which will be paid to your solicitor and estate agents when you sell. 3. If all yours debts together (second number) are higher than the value of the house ( first number), then your house is in negative equity. The negative equity value would be the difference between 2 numbers. What’s next? If you discovered “my house in negative equity”, then don’t be discouraged, as if don’t need to sell your house right now, then there is no probem. Just carry on paying the mortgage and when the prices go up again, there will be no negative equity on your house. So in this case, do nothing! However if you need to sell your house quickly and you are thinking who will buy my house quick, than you come to the right place, as we specialise in buying houses in negative equity. Read Can I sell my house in negative equity? and get in touch!   “We believe there is a solution to any property problem and we can help you to find it.” To your happiness. Dasha...

read more

How can I prepare for the mortgage rate rise?

Posted by on May 10, 2012 in Housing market | 0 comments

How can I prepare for the mortgage rate rise?

What will happen when the mortgage rates go up? Either we think about our own house or about investment house we let, we all have the same question: what will happen when the mortgage rates go up?  In good times and in bad times, we need to make sure that we make our mortgage payments to the lender.   In the last couple of years we enjoyed a dramatic drop in mortgage rates with Britain’s Bank of England holding rate at 0,5%, certainly the lowest for a long time. Many homeowners have their mortgage rate at 1% or 2%, which is a great help considering rising prices on fuel, food and about everything.   And of course if people have no equity in their houses, then they find it easier to keep the house and rent it out, while mortgage payments are manageable.   However, we all fear the time when the interest rates will go up, so we need to start thinking and planning in advance. We saw already some changes starting. Despite the Bank of England rate being help at 0.5%, some banks have already increased their rate by 0.25 to 1.5% at the start of May, which impacted many families.  Halifax raised their rate by 0.49%, which affected around 850,000 customers.  Of course this will further impact the housing market, which is already very slow with first time buyers struggling to get onto the property ladder.  The number of approved mortgages started to grow last month, but the growth won’t sustain with the rates raising.      How can I prepare for the mortgage rate rise? Is there anything we can do? Most importantly, “don’t bury your head in the sand”, instead review your current mortgage, talk to your lender, and understand your options. If you mortgage is low, then enjoy the ride and  save some money for hard times to come. If your mortgage rate is still high, above 4%, then mortgage specialists suggest considering a re-mortgage to secure a fix rate for a few years, so your mortgage payments won’t go up when rates start to grow. To your happiness....

read more

Need to sell your house Swindon or may be not?

Posted by on May 10, 2012 in How to sell my house quick, Landlord | 0 comments

Need to sell your house Swindon or may be not?

Debating if you need to sell your house Swindon or may be not? – many landlords are in a similar position, asking the same question and strugling to find an easy answer. Let’s review some of the usual questions. The house prices are still going down, so should I sell now? What if the house prices will keep dropping even further and I will lose even more?  Looking at the property market expectations, many specialists are saying that the house prices are falling before a slow recovery, so based on this prediction it make sense to hold your property and wait for the better times. No one can give you an answer when exactly the house prices will go up, so you should be careful with your decision. Can you manage the property for a few years or do you need to sell your house Swindon and you wonder who will buy my house quick? Interes rates going up What would happen with the interest rate? Should I sell before the interest rate will go up? At the moment we are enjoying the lifetime cheapest mortgage rates with Bank of England rate at 0.5% and the mortgage payments are easily covered with the incoming rent, but we all know that the mortgage rates won’t stay low forever. You should definitely take this into consideration, as the rent won’t increase dramatically, so the question to answer is would you be able to cover the mortgage payments if the interest rate increases? How long for? Just want to sell my property quick “I just don’t want the hassle anymore” – I hear from landlords an answer to a question “why do you need to sell your house Swindon?”.  If you are a landlord, you need to maintain and fix the property, pay letting agents, take the loss when the property is empty and in some instances pay a shortfall between the mortgage and the rent. In this situation, you feel like you need to sell your house Swindon quickly. And of course your personal circumstances: are you relocating or immigrating? Do you need to sell your house quickly for cash Swindon? Planning to use the cash elsewhere: holidays, weddings, cars or other?  Is your life style changing or you are planning to retire? I am sure you will have more questions relevant to your personal situation. Unfortunately there is no an easy answer. You need to answer many important questions in your life and also consider all the financial factors influencing the housing market, before you make your final decision if you need to sell your house Swindon right now.   ” We believe there is a solution to any property problem and we can help you to find it.” To your happiness....

read more

Need to sell your house? We can help!

Posted by on Mar 31, 2012 in How to sell my house quick | 0 comments

– Stressed, as you need to sell fast, but the house won’t sell? – Confused, wondering why your house wouldn’t sell? – Exhausted after beeing on the market for months without any result? If this sounds familiar, don’t be discauraged, as we can help! We can buy your house in any situation and any condition, these are some common situations: sell your house fast need to sell a house in negative equity get fast cash and move on get 100% market value for your house stop repossession and get free get out of debts and make a new start sell in line with your moving arrangements avoid paying estate agent fees sell house in any condition I can pay your solicitor costs complete in 10 days if needed I can pay your mortgage while completing the purchase find a solution to your specific situation If you need help selling your home, contact me via my “Sell my House” contact form on the right and I will help you to find a solution. This service is...

read more

Moving home, need to sell house?

Posted by on Mar 31, 2012 in House problems, Relocating or emigrating | 0 comments

Moving home, need to sell house?

– Let’s work together to suit your arrangements and timelines.

read more

Landlord selling investment house?

Posted by on Mar 31, 2012 in House problems, Landlord | 0 comments

Landlord selling investment house?

– Choose an easy sale: no hassle, no fees, no repairs.

read more

Home worth less than mortgage?

Posted by on Mar 31, 2012 in House in negative equity, House problems, How to sell my house quick | 0 comments

Home worth less than mortgage?

– Discover how to sell house in negative equity by using creative real estate technics.

read more

Facing repossession?

Posted by on Mar 31, 2012 in Financial difficulties, House problems | 0 comments

Facing repossession?

– Let’s stop repossession and sell your house to get your free!

read more

Can’t pay the mortgage or debts?

Posted by on Mar 31, 2012 in Financial difficulties, House problems | 0 comments

Can’t pay the mortgage or debts?

– Get help with mortgage payments until the purchase is complete.

read more

How to sell a house that won’t sell?

Posted by on Mar 22, 2012 in How to sell my house quick | 0 comments

How to sell a house that won’t sell?

How to sell a house that won’t sell? – This is the question I hear every day from homeowners asking for help. Do you feel exhausted from endless attempts to sell your house? Staying on the market for months, dealing with agents, keeping your house spotless, dropping the price, but the house wont’ sell? After all the efforts you come back to the same dilemma: “how to sell a house that wont’ sell?  You are not alone. Many homeowners feel just like that. In the current market condition the traditional housing system just not effective enough. In other words it doesn’t work!  Yes, the houses are still selling, but the sales rate dropped dramatically and property experts don’t predict a quick recovery. So, what are your options?   Of course you can let your house out and often an estate agent would push you in this direction. It’s a good option if you can afford to hold on to your house until better time. However, the big question is when will the better time come? And secondly, letting out also brings a lot of worries and expenses. Many homeowners are not in a position to rent, they just need to sell the house and get rid of responsibilities. What to do if you can’t or don’t want to rent? How can you sell a house that won’t sell?  Well, you still have 2 options : You can sell your house below market value, which means you can drop the house price by 25%-30% .  It might suit some homeowners, who wouldn’t mind to drop the price and partially loose equity out of the house, in other words their profit. But it wont’ suit everyone… What if you don’t have the flexibility to drop the price? what if your mortgage as high or near the value of the house? Or you have extra debts you need to pay after you sell the house?      There is still another option. This option is to take an opportunity of a new approach and sell your house by using new real estate technics. They are much more flexible, allowing selling houses practically in any situation, and also allowing you to get 100% market value for your house.  Don’t worry if you are not familiar with these technics, as I can help you to understand your options and find the right solution to your unique situation. Which option would you choose? It will depend on your circumstances. What option suits you best? Would you rather drop the price or choose to take 100% market value? I hope this will help you to answer your question :”How to sell a house that won’t sell?” To your happiness Dasha...

read more