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Reposession and Court Form N244: The Basics and What You Need to Know

Reposession - Court Form N244

According to the latest figures released by the housing charity Shelter.org, the city of London has the highest number of property repossessions in the entire United Kingdom. The declining market for buyers, plus the possible negative effects of Brexit means this should come as no great surprise. If you are unfortunate enough to find yourself a victim of this process, you may be confused and frustrated. However, it’s crucial you appreciate some basic facts. Reading this article will help you understand why a document known as Court Form N244 can come in handy. If you complete it correctly and at the right time it could help you to stop (or postpone) a government-sanctioned repossession.

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London House Prices in 2016 Predictions from the experts

London House Prices 2016 - expert predictions

One of the most common online search terms in recent times is “London house prices 2016”. This is no accident since many buyers and sellers are wondering what the remainder of the year has in store. Most economists predicted a slowdown as a result of the recent Brexit vote. So what can we expect to witness during the next six months? Although nothing is set in stone, it’s a good idea to take a look at what some of the experts have to say. Then, you’ll be able to make an informed decision when the time is right.

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Part Exchange House Schemes: Are They Worth It?

london flats part exchange house scheme with Molae Properties

Due to the recent economic slowdown in the United Kingdom, caused in no small part by the Brexit vote, many homeowners are concerned about whether or not they will be able to sell their property within a stagnant market. One option you could consider is a part exchange house scheme (or a PX scheme for short). These programmes allow a property owner to literally “exchange” their home and put the value towards a new property.

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Part Exchange Schemes Compared

London new build flats and part exchange schemes

If you are unable to find the funds to purchase a new property then part exchange schemes could be the perfect solution. Also known as PX deals, these plans enable you to trade in the value of your existing home towards the purchase of a second house or property. One of the great benefits with this option is that you will not be stuck within the frustrating logistics of a property chain. Additionally, sources such as The Guardian point out that you are able to avoid hefty exchange agent fees. There are still a few things to keep in mind as well as some factors to take into account. Let’s have a closer look.

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London House Prices in 2016: Is the Bubble Beginning to Burst?

Picture of newspaper with News in bold

For the last two years, we have seen a steady increase in house prices throughout London.  However, this trend may be soon coming to an end.  A handful of indicators now illustrate a weakening in the market..  In turn, first-time homeowners may now be witnessing more opportunities than in the past to obtain an affordable property within the metropolitan area.  However, many feel that the ultimate trend of London house prices in 2016 is still to early to tell.  What factors are behind this change and what can we expect to experience in the near future?

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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.
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