2a The Plough Brewery, 516 Wandsworth Road, London, SW8 3JX

Sell your house in London quickly

We buy properties in London and within the M25

With recent interest rate rises three in the past six months are more planned more people are beginning to struggle to meet mortgage payments and, in the worst cases, battling against repossession.

With 10,000 people going insolvent every month, and according to Recent data from the Council of Mortgage Lenders (CML), 17,000 homes were repossessed in 2006, a rise of 9% on 2005.

The CML predicts that the situation will worsen, with repossessions rising to 19,000 in 2007 and 20,000 in 2008 as interest rates rise further.

Unfortunately, many people who get into difficulties with mortgage repayments let the situation deteriorate severely before they seek help, which will often make matters far worse.

The best solution is to seek help before you reach crisis point with debts and mortgage repayments, by seeking advice from their local Citizens Advice Bureau to come up with a plan for repaying debts, or entering into an Insolvency Voluntary Arrangement (IVA) by which the creditors agree to regular, often discounted payments being made, or bankruptcy.

The worst thing to do in such a situation is nothing. The debts will eventually become too much and lenders will be seeking to reclaim their money by repossessing property, which means your house will be seized and sold at auction, often for a fraction of its real value.

Even when debts become unmanageable, there are still options you can take to avoid repossession, pay off debts and remain in your own home, even court hearings for repossession have begun, or a bailiff has been sent to your property.
In such a situation, a fast property sale would be the best solution to the problem, with the additional option of remaining in the same home by selling and renting back.

Molae Properties offers a range of solutions for people facing the threat of repossession  contracts can be exchanged in as little as 24 hours from the initial viewing of the property, which can allow you to avoid court action.

When you contact Molae Properties, we will arrange a viewing of your house or flat and make an offer based on the value of the property within 24 hours. Contracts can be exchanged immediately and the sale can be completed on a convenient date.

If you do not wish to leave the family home, Molae also offers a sell and rent back scheme which allows you to remain in your house or flat as a tenant, so your life needn’t be turned upside down.

In many situations, the quick sale of your property will free up enough cash to pay off mortgage and other debts, and leave you enough to rent property elsewhere or even pay a deposit on a new property.

Latest testimonial

The sale of my property was well managed with regular communication and advice and support provided throughout the process.  The company also provided legal support through one of their panel solicitors which was professional friendly and reassuring during what was a complex sale.  They are trustworthy and reliable and I would recommend this company to anyone looking to sell their property.  Thank you for making this a much easier process.
R. Mangal, Leyton, London, E10

Sell House Quickly London