What does open market value mean?
We will visit your property and have a valuation done (at our expense) to determine the price at which your property is likely to sell within a reasonable time period. We will then make you an offer based on this figure.

What percentage of the open market value will I be offered?
Typically we offer 80% of the open market value and this will be the actual amount you receive, once any existing mortgage has been repaid, as there are no other charges payable by you.

What fees am I saving by selling my property to you?
You are saving legal fees, estate agents’ fees and the preparation costs of a Home Information Pack.

How long will it be before I receive my money?
We aim to complete all sales within 28 days and so you are likely to have your money within this time.

Would it be better for me if I allowed my property to be repossessed?
We do not think so. Your credit rating would be badly affected and you would find it very difficult to get another mortgage. It is likely that any future borrowings would be at a higher interest rate. Financially you would still be responsible for the mortgage costs until the lender sold the property plus all the legal costs and estate agents’ fees. The lender may also sell the property at a discount in order to secure a sale.