05/11/2015 By property

How to stop repossession of my house

There is another way

Often we see people asking ‘how to stop repossession of my house?’ the answer can be complex and will require a great deal of thought and advice. At Barry Home Buyers we are in a position to help you either delay repossession or stop it all together, we have the funds available to purchase your house for cash – alleviating your debt situation.

We are able to help all sorts of people that for one reason or another are facing repossession and have tried selling their house through more traditional methods, only to hit a brick wall. Often estate agents have not been able to find a buyer or pressure has been applied by the lender to sell the property in a shorter time scale. Whatever the reason, we can help as we have the funds readily available to purchase a property – in any condition – for cash. In the majority of cases we can complete a sale in 28 days or less.

Although selling your house is a tough decision to make, you are often better finding a method of selling and avoiding repossession, otherwise you may find yourself in a position that a future mortgage is unobtainable. You must act fast if you are in this situation and explore every potential fix.

Where to find help and advice

If you are in a position where you think your house may be in the line for a repossession then the best thing to do is ask for advice on the different ways that you are able to either postpone or avoid repossession. Selling your house to Barry Home Buyers is just one method, however there are a number of different ways you can approach potential repossession and there are a number of organisations that are there to help you. You should seek proper advice and take actions based on that.

Below are some useful websites that will give you access to much needed advice, if you are in a repossession situation.

Citizens Advice – The go-to for advice on civil matters in the UK. There is an in depth section on Mortgage Problems as well as access to their free, impartial advice at local centres and through a national helpline.

Shelter – A charity who look to help with homelessness, they provide advice on how to avoid repossessions and give an alternative place to turn to for advice.

National Debtline – A good place for impartial advice on how to alleviate the stress of being in debt. The website is run by the charity Money Advice Trust.

UK Government – The UK Government website offers advice on the proceedings of a repossession as well as further links to organisations that will be able to assist you.
If you are in a situation where a repossession is possible, you must act quickly to avoid being made homeless and seek advice. Do not try to hide from the debts, or wish them away as you will find yourself in a worse position.

07/07/2015 By property

Relationship Breakdown and Mortgage Arrears

When Only One of The Joint Owners Want to Sell the Property

It is a common misconception that repossession is only something that is of concern to the low paid. A terrible misconception really.

Here is the story:

A young professional woman contacted us to ask for our help with regards to a property she jointly owns with her ex. They separated over 6 months ago, she moved in with a friend and they agreed he would stay in the house and continue to pay the mortgage. It was quite an amicable split, which seemed to suit them both as there was a high penalty for paying off the mortgage at the time. Mortgage arrears

To cut a long story short, the women decided it was time to buy a place of her own so looked in to how best to free herself from the existing mortgage. She was shocked to find her ex had not paid one single mortgage payment since the day she left. The court date for a repossession hearing was already set, yet it was the first she became aware of the situation. She was shocked, appalled and furious as you can imagine.

It turned out her ex was more upset about the split than he let on, and it seemed revenge was best served in the red. “I hope it [the house] does get repossessed, so you will never be able to have your own house again”. Clearly this was not going to be a straight forward cash sale!

Our first course of action was to put Ms X in touch with a good local family solicitor who would provide free legal aid to help her obtain a court order for the sale of the property (as both names where on the mortgage and he was not willing to co-operate). Simultaneously we drafted a cash offer in writing for her to show to the bank that she was serious about selling the house and clearing the debt.

It took just over a week to get it all cleared up, then the cash was transferred, the mortgage paid off, and what was left over got split between the two. Ms X planned to put her share down as a deposit for her new house.
A good result I am sure you would agree!

If you are looking for more details please fill in the form you please call.

30/06/2015 By property

How to sell your house quickly in South Wales

There are many reasons why someone would choose to sell their property quickly in Barry and opt to use a ‘quick house sale’ company include wanting access to ready cash or to sell an inherited property.

The beauty about using such a firm for a quick house sale is that the entire process can be completed within weeks.

Obviously, the firm buying the property will be doing so at a discount and not at the full market rate but that’s a small price to pay for the convenience and promptness of the transaction.

An honest and transparent quick house sale company

As the leading quick house buying company in Barry, this is a sometimes controversial and emotional images (3) subject for many people and the situation has not been helped by disreputable companies taking advantage of people looking to sell their home quickly.

That’s why we are proud to be an honest and transparent company who make genuine offers to buy a home quickly that are realistic.

You won’t find Barry Home Buyers trying to pull off that well-publicised trick of offering a decent amount to buy a home quickly and then vastly reducing it at the last minute, often leaving a homeowner with little or no opportunity to decline.

Not only do we disapprove of such tactics we would be embarrassed to be accused of doing the same thing ourselves.

Discover more information about quick house sale firms in Barry

We are happy for people to question us about our processes and offers; we have nothing to hide and would welcome a conversation with anyone interested in looking to sell their house quickly.

Indeed, we appreciate that many people are looking to sell their home as quickly as possible because they may be in some sort of financial trouble and are looking to clear their debts.

However, one of the most common reasons for selling a home quickly is to avoid repossession and here at Barry Home Buyers we can move quickly to buy a property up to 24-hours of a repossession taking place.

Other clients may be selling their property quickly because they have to move for a new job or emigrate for some reason, or they may need to move for health or age reasons.

Another reason why people decide to sell property quickly without using an estate agent is because their relationship has broken down or they are looking to divorce.

Avoid repossession of your home with a quick sale

Essentially, using a firm for a quick house sale is growing in popularity and it’s also another potentially profitable route for selling without using the traditional estate agency route.

With us, the fees that we charge are always clearly defined and we will never make a false property valuation in a bid to get a client to sign a quick house sale deal with us.

For anyone thinking of selling their property quickly we would encourage you to seek independent advice when using a firm for quick house sales before committing to a deal.

Remember too to get everything in writing to ensure your quick house sale transaction goes without a hitch.

Above all, choose a firm that will recognise that this could be an emotional process and that they will be sympathetic and understanding and that firm is Barry Home Buyers.

Need to sell your house fast in south wales? www.barryhomebuyers.com then contact the experts who will offer expert guidance and an honest quote to buy your property as quickly as possible.

22/06/2015 By property

Important Tips for landlords when legally preparing a house to rent

When renting out a property there are a few things you need to consider. Some are a few requirements few the bank others can be by law and you could end up in jail if you don’t follow them.

You need permission for letting. If you have a flat that is held under a rental agreement, you need permission from your leaseholder. If you have finance on the property, make sure its the right finance. In most cases it needs to be “Buy To Let” finance. As if it not, it could invalidate your insurance. Of which could also be a breach of your finance terms and conditions.

You need planning permission. This is suitable if more persons lease the place and they are not members of the same family. In this case, the property is converted to an HMO.

Don’t get caught out

In case you need to perform building work to the house, you need permission under the building regulations. You need to be aware that building regulation and planning permission are different things; you apply for them individually.

In case of any gas appliances, you will need a certificate. The appliances are checked by an engineer who needs to be listed with the Gas Safe Register. You need to do this before the tenants move in and you will also need to handle them a certificate copy. For more information, please contact your local Health and Safety Executive.

Make sure to offer product safety regulations. For example, the furniture must adhere to the Furniture and Furnishings Regulations. Any electrical equipment must be protected; make sure you don’t have any damaged wires or plugs. If the property is an HMO, you should check the electrical wiring on a regular basis. The property needs to be verified every five years in order to receive the Energy Performance Certificate. It’s your obligation to give this certificate to the tenants before they move in.

It’s your job to provide a safe property; you need to verify that everything you offer is secure. For further information, please contact your local Trading Standards Office. You will need to have an insurance cover; the general household insurance is enough.

It’s always best to keep records and to take care of all the guarantees, certificates and receipts. You can also keep a list of all the furniture, products and equipment and note their general condition, so you can easily check them when necessary.

24/03/2015 By property

5 Ways To Achieve A Fast House Sale

1. Consider renting
Sometimes house sales can be a lengthier process because they seller hasn’t found another house to buy yet. If you are selling your home and are looking for a quick sale, ask yourself whether you can move quickly once the sale goes through. As today’s market benefits buyers the most, you should definitely consider other options when selling your home. If you do not have another house bought when someone offers to buy your house, you could consider renting a house or an apartment for a while in order to help your sale go through more quickly and easily. This will also help you when you come to buying your next house, as you will have the cash to be a cash buyer which will also make that a quicker process. If you have to rent a place that is smaller, consider putting your extra possessions into storage until you find a more permanent living situation.

2. Paperwork
It can be a lengthy process getting all necessary paperwork in order to sell your home, so try to prepare this early on, before offers start coming in. You should have a recent mortgage statement, and if you have it, a mortgage redemption certificate. Also gather any paperwork such as invoices, for work done like plumbing, repairs and so on, on the property.

3. Be up front about any problems
If you house is in need of some repairs, or has any structural damage, including mold or leaks, or if you have difficult neighbours, then be honest with your buyers from the beginning. These issues will be seen by surveyors and solicitors, and may delay the sale of your house. If you are up front about any issues that could cause a delay, they can be dealt with early in the piece, and lessens the risk of losing your potential buying. You may be able to find a solution to these problems by discussing them with the buyer before reaching the completion of the sale.

4. Contents
There may be furnishings or appliances in your home that you do not want to take with you when you sell. This could include items in the house, such as tables, chairs, fridges, washing machines and so on, or bigger items such as garden sheds, or children\’s pay equipment. If you plan on selling or thrashing these items, consider offering them to your potential buyer at a low price to sweeten the deal. People love bargains, and you may find that they are after a few things for their new house anyway. If you can sell these items to them, then it is a win-win for both of you.

5. Be different
When buying a home, people will take a lot of time and look at a lot of house before deciding what is right for them and what they will buy. Try to find a way to make your house stand out from the crowd so that they choose yours over the hundreds or thousands of others on the market. Have a look on Rightmore or Zoopla for properties that are similar to yours, taking not of the descriptions and the photos of the homes. How can you make yours look or sound more appealing? Consider making some cosmetic changes or redesign some of your rooms to try and help your house sell quicker and maybe even for more money.