For example,
Let’s say that your property is on the market for
£100,000 and its current market rent is worth £600
per month;
your outstanding mortgage is £85,000,
your monthly mortgage is £450 and
you are in arrears of £2,000 and are being
threatened with repossession.
In today’s market you would need to reduce the price
to probably £80,000 to attract any interest from the
open market which
you cannot do because you will need at least £85,000
in order to clear off your outstanding mortgage and
arrears.
Approaching a cash buyer won't be much help to you
either because most can only offer you between 70 -
75% market value (offers of £70,000 - £75,000
based on a market value of £100,000). You will need
at least £85,000 in order to move on.
The longer you keep it, the more it will
drain on your finances and no doubt the further
behind you will be with your mortgage which will
undoubtedly result in REPOSSESSION!
We could offer you
the following solution:
-
We
could pay
off your £2,000 arrears thus stopping the
repossession order...
-
We
could take over and pay your £450
mortgage every month for let's say 5 years...
-
We could take over and manage your property. You
would have no worries or hassles as we will take
care of all bills, repairs etc.. and management
of the property all at our cost not yours.
All that we ask is that:
-
You
would give us an 'option' to buy your property at a fixed
price of e.g. £95,000
anytime within the next 5 years...
-
You
would allow
us to sublet the property to a tenant (who would be
referenced) of our choice
whereby the tenant would pay to us e.g. £600 market rent every month.
If we decided to buy the property anytime within the next 5 years
at e.g. £95,000, you would make £10,000 after
paying off your mortgage of £85,000. You would have
also avoided repossession and stopped your future
credit rating from being severely damaged.
Everything goes through legally approved solicitors too which
obviously puts your mind at rest knowing that
everything is legal and above board.
We would obviously be happy too because we would
have the option to buy your property anytime in 5
years at a price we agreed today and we would also receive
rent money every month from our tenant.
A WIN WIN situation!
This is obviously just an example of how we could
help in this situation.
If you're interested and want to seriously stop
repossession and find out what solution we may have
for you then please...
Apply online NOW!