Sell your house for instant cash quick!
Call us now: 0208 551 4891

Selling Your Home in Negative Equity

houses reducing in priceHere at Best Deal Homes, we buy houses for cash. If you are looking for a different route to selling your home, then look no further. There are lots of good reasons for wanting a quick sale for cash; if you have recently inherited property, or have financial difficulties.If you have a house which is in negative equity, we could help.

What is Negative Equity?

Negative equity is when your house is worth less now than it was when purchased; with house prices dropping across the country, this is a very common situation for people to find themselves in. There are two types of negative equity; cash, and mortgage. Cash relates to a house that was purchased without any borrowing, and simply means that the house will sell for less than was paid. If a mortgage was used, the situation is slightly worse as it means the house is now not worth enough to cover the loan that was used to purchase it.

Our Solution

Selling under these circumstances, for many people, is not a viable option. However, there is a solution to this problem, and we can help with it. What we do is to take over the mortgage repayments and maintenance expenses for your property, for an agreed period of time. The idea is that at the end of the agreed term, house prices will have recovered enough to make selling a financial possibility.

If you were to wait in your home for house prices to rise, you could be waiting for a very long time. Using the “lease back” option we offer, you could be moving out, free of obligations, within weeks. Then, we have the option to buy your property in the future.

It’s so simple to do; just contact us here at Best Deal Homes to get underway. There are no fees, and the process is very fast and easy. We have national coverage, enabling us to offer this service all over the UK. We consider all property types and conditions, and you are guaranteed to be free of all financial responsibilities within weeks.

Fill an APPLICATION FORM or CONTACT US and we will get in touch within 48 hours