QUICK HOUSE SALE

mycbi money advice

Repossessions are rising and many people now need to arrange a fast sale of their home to avoid repossession

There are many companies now offering to buy Below Market Value or BMV as it is known

What this means is that the BMV company will offer less than the usual asking price, perhaps as much as 30% below, just for a quick sale to avoid the home being repossessed

Sometimes a Sale and Rent Back is offered and this is now looks like being  regulated since some unfortunate people have sold to rent back have been conned where the buyer has arranged a BTL mortgage and then not paid the mortgage – the former homeowner then being evicted even though they had paid their rents

Simply contact us via the form below or phone 01162 912 478 for advice as to how this all works and how to avoid possible pitfalls

Please ask any question in total confidence


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cbi-directoryBIBA - British Insurance Brokers Association FSA - Financial Services Authority FISA - The Finance Industry Standards Association

 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE.