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Sell your home and rent it back

The Problems Be Debt Free in Weeks

Nowadays access to money is so easy. Banks, Building Societies, Credit Card companies, Supermarkets, High Street Stores are all clamouring to lend you money. Spend more now and worry about it later seems to be the name of the game.

Homeowners often take out a new loan, or re-mortgage to consolidate their debts and reduce the pressure. But then comes an accident, illness, job loss. All it takes is a missed payment here and another one there and all of a sudden you’re struggling. Then you find your lenders aren’t interested in your problems. All they want is their money back - and they want it NOW! If you don’t resolve the situation quickly, not only could you suffer the indignity and stigma of repossession, you could find yourself bankrupt and credit blacklisted for many years.

Think what that could mean if you couldn’t get a loan or mortgage, hire purchase or credit cards. Selling quickly to Intercity and moving to a smaller property, or staying in your home paying a discounted rent, could solve your problems. It could give you the time you need to get another job, or get well, or simply give you a breathing space to sort things out.

Is debt becoming a way of life?

Has being in debt become a way of life for you? From the moment you opened your first bank account…received your first credit card…took out your first car loan…bought your first home…took out a personal loan for furniture or a new kitchen or bathroom. And even if things have gone well and your income has increased substantially over the years, so have your financial commitments. It seems like you’re just working to make payments on the debts you have with no realistic prospect of paying them off for many years. But, if you have reasonable equity in your home, it doesn’t have to be that way.

In just a few weeks from now, you could have no mortgage to pay. No loan payments to make. No hire purchase. Your credit cards cleared for the first time in years. And a healthy cash sum in your bank account.

The Problems - Facing Repossession

Behind with your mortgage payments? Facing repossession?
Having met your commitments for many years without a problem, suddenly you find yourself in serious trouble, maybe following an accident or a lengthy illness. Perhaps you lost your job. Or you’re working again, but with a lower income. Or it could be the result of a relationship break-up. Whatever the reason, you’ve tried your best but simply can’t keep up with all the bills and your mortgage and credit card payments.

If you don’t do something quickly, you’ll be left with nowhere to live and your credit rating will be in tatters. Taking out a mobile phone contract, hiring a car, renting a property, getting hire purchase, a mortgage, or a loan - anything that involves any sort of credit - will be extremely difficult or even impossible.

And worse still – you might not even have left your mortgage debt behind you! If your home is repossessed, your lender’s only concern is to get their money back as quickly as possible. Often they’ll put your property in an auction and take whatever they can get for it.

Hopefully the money they’ll receive will be enough to pay off your mortgage and the extra interest and legal costs. But often it isn’t so there’s still an outstanding debt. And that debt remains yours for as long as it takes for you to repay it. You won’t be left in peace until you do!

But don’t despair. The solution to your problems could be to sell quickly to Intercity and move to a smaller property, or stay in your home as a tenant paying a discounted rent. Even if a repossession order has already been made, we may still be able to help by proving to the court that a sale is imminent.

The Problems - Quick Sale

Are you looking for a quick sale without an estate agent – or estate agents’ fees?
Sometimes you may need to raise money quickly for personal or business reasons. If it isn’t readily accessible and raising capital through traditional channels is a problem – for whatever reason – selling your property quickly could be the only way to raise it n time.

Or maybe your home is too small. You need more bedrooms for a growing family…a bigger kitchen all the family can eat in…a room for the kids to do their homework.

On the other hand perhaps it’s time to look for something smaller, something more manageable. Perhaps the kids have ‘flown the nest’ and you don’t need those spare bedrooms gathering dust. Less rooms, lower heating bills, lower council tax, a smaller garden – it’s time to move on.

But once you’ve found your ideal home, you rarely have time to wait around for month after month for that elusive purchaser of your existing property to come along – you need to sell your property quickly or the opportunity is lost!

A quick sale to Intercity could be the answer.

Not keen on selling through an Estate Agent?

It’s unfair to tarnish an entire industry with the same brush, but it goes without saying that some Estate Agents don’t have the best reputation when it comes to customer satisfaction and value for money.

They’re very enthusiastic when they start and almost always give you an unrealistic valuation to win your instruction to sell it. You like the amount they tell you so you ask them to go ahead and agree their fee. They measure up and take photos. Eventually they send you your property details to approve and then start marketing your property to the public. Details of your property are put up in their window or on a wall and a couple of weeks later it will probably appear, together with hundreds of other properties, in your local paper and their website.

Eventually some appointments to view are made. Some don’t turn up and others arrive late, haven’t read the property details properly or are simply time wasters. Weeks go by, your agent calls you and suggests you lower the price. Then when you eventually get an offer, it’s almost always well under your asking price but the Agent insists it’s the best you’re going to get so you’d better take it. (Sales in the UK are currently being agreed at an average of 93% of the asking price!)

All you’ve got to do now is wait until your buyers sell their property and get approved for their mortgage. Then you wait to get your property valued by their lender…wait for them to receive their mortgage offer…wait for your solicitors and your buyers’ solicitors to complete the legal work…and wait...and wait…

It can take 6 to 9 months to sell a property and receive your money. Can you afford to wait that long?

The Problems - Experiencing Divorce or Separation

Divorce or separation is an emotional and stressful experience. And if there are children caught up in the middle, it’s all the more distressing. Sometimes, neither party wants to remain in the ‘marital’ home for any longer than is needed. There are too many memories and too many reminders of happy or unhappy events.
Selling quickly to Intercity may be the least painful way of moving on. But sometimes one or both of you may want to remain where you are to give your children some stability and to give you time to come to terms with the new situation.

But how are you going to be able to split the equity in the property? And if it’s you who has to leave, what are your chances of finding another property to buy or rent if you’ve little or no capital?

In either event, being able to sell your property quickly is often the only way to resolve the situation and enable everyone to move on. Selling to Intercity will provide the speed and simplicity to allow you to sort out your money problems and get on with your life.

You can sell your property within days (subject to contract) without any of the usual delays, stress, hassle, and expenses. You can then either move out on a date of your choice or, continue to live in your home, just as you do now, by paying a discounted rent.

You won’t get as much as you could if you were to sell your home through an estate agent. But we'll pay more than most quick sale companies and you’ll save many thousands of pounds in moving and selling expenses. The market value will be determined by an independent valuation carried out by a Member of the Royal Institution of Chartered Surveyors. We aim to give a subject to contract offer within 7 days and completion, subject to the legal process, within 3 to 5 weeks.

Whatever your situation, we promise that we’ll deal with your enquiry in a professional and strictly confidential manner. We’ll take as much stress out of the situation as we can and we’ll be transparent, honest and open with you at all times.

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