If you are in a situation where you need to pay off your mortgage fast, selling your property is only the right solution if you have some equity in it.
However, if you have little or no equity, then selling for cash will not be the solution, as the property may not release as much money as you require.
YourPropertyCASHBuyers can provide an alternative solution when you need to stop paying your mortgage fast – this method is called a Purchase Lease Option.
How does this work?
Well, if you are in a situation where you need to sell your property fast because you need to stop paying the mortgage as soon as you can. However, a sale will not cover the mortgage amount.
YourPropertyCASHBuyers will offer to take over the mortgage payments, in as little as 7 days.
This means that we will take over the maintenance of your house as if it is our own, paying the mortgage and all the associated costs, which takes away your immediate burden. In return we will agree an option to purchase your house for an agreed fixed price at a future date. Until then, you don’t have to worry about the mortgage at all.
We basically lease the property off you and in return you give us an option to buy at a future date, for a pre-agreed price.
We will put you in touch with an independent specialist solicitor who can advise you about this concept in more detail so you are comfortable with the agreement. This means you have no obligation over the property anymore and it is as if you have actually sold it!
This option would suit you if:
• You have mortgage arrears or are facing repossession.
• You need to move on swiftly without further mortgage commitments.
• Your property holds little or no equity in your property.
• You wish to secure the price of your property today, regardless of how the property market performs in the future, giving you peace of mind that if we purchase the property from you, it will be for the price we have agreed.
• You don’t need a large amount of cash immediately to move on.
If you are facing a situation where you need to stop paying your mortgage fast, contact us to discuss your options free and without obligation.
