Little Equity? No Problem

At Quick home Completion, we have multiple solutions to help sellers with their situations.

There are times when selling a property for cash is neither preferable nor possible. This is particularly the case when a property has little or no equity in it. If you need to stop paying the mortgage for any reason, then we can help you stop paying your mortgage in as little as 7 days using something called Lease Options.

This is how it works:

Let’s presume you have a home that you need to sell very quickly. If you sell through an estate agent in the current market, it is extremely unpredictable and the over-supply of properties in today’s market means your home could be on the market for a long time. In the meantime, you would be advised by the agent to keep reducing the price to create interest from potential buyers.
If your property doesn’t have enough equity, that would not be possible.

With lease options, we will take over your mortgage payments as well as the maintenance of your property until we can buy it in the future once the price has risen sufficiently. Once the paperwork is signed, which can take as little as 7 days, you may immediately move out of the property without any further burden of the property. We will appoint an independent specialist solicitor to act on your behalf and pay all your legal fees. We simply agree on a time period in which we fulfill this obligation. Until then, we have an option to buy your home at an agreed price but we will be “babysitting” your mortgage looking after your property.

In a nutshell, we “lease” the property from you by paying your mortgage and looking after all aspects of the property and you grant us an “option” to buy it from you in the future – a win / win situation.
Remember, you are completely free from any obligation for this property during this period. The end result is like you have sold your home!

A lease option would suit the following situations:

  • If you have mortgage arrears or are facing repossession.
  • You need to move on immediately without further mortgage commitments.
  • There is little or no equity in your property.
  • You do not need a large lump sum of cash immediately to move on.
  • You wish to secure a price that is close to today’s full market price regardless of the state of the housing market in the future.

This service is free. You could be free from your mortgage payment within days. Due to the flexible nature of a lease option, it is possible to structure it so that it can completely suit your circumstances. You will no doubt have some questions so why not give us a quick call or fill in an online form so we may contact you?