One of the common issues affecting house owner status is a sudden change in your personal circumstances, such as divorce or separation. If you’re unsure of what will happen to your property and mortgage if you’re getting divorced, read on to discover the facts.
While a divorce can be a stressful time in and of itself, such an event can become even more difficult when a home is involved. Unsurprisingly, this can be a confusing and complicated situation. We will start by looking at how you can protect your ownership rights. Then, we will look at the relationship between divorce and property, while highlighting some of the main factors to address during the process.
If you need a quick London house sale, you may be disappointed with what is in store should you choose to employ the services of a traditional estate agent. To be sure, those who are in no rush to liquidate their property may very well be willing to wait for a considerable amount of time. It is nonetheless a fact that rapid sales and estate agents rarely go hand in hand. In fact, a recent study has found that nearly two-thirds of sellers have been unhappy with the results produced by estate agencies. Some of the complaints stated included:
We are all aware that a divorce can be one of the most difficult times in life. This Is particularly the case should a couple find themselves in the need to put the past behind them and move on. Unfortunately, this can be easier said than done in terms of the typical estate agency. This is to say nothing when referring to the need of a property solicitor or a conveyancer. These professionals will cost a great deal of money and when we consider than many couples have already spent a decent amount on their divorce proceedings, a quick house sale in London is anything but easy.
The number of companies offering quick house sales has increased recently, and there are now over 200 such companies in this sector, up from around 25 just a year ago. So why are people looking for a fast house sale?
If you find yourself in severe financial troubles, the only solution to the problems may well be to sell your assets. For most people, the main asset of any significant value will be a house or flat.
When this property is your family home, this can be a very difficult decision to have to make. The thought of having to give up your biggest asset is bad enough, but when that asset is your home as well this makes the decision even more difficult.
Of all the problems involved in separation and divorce, sorting out what to do with the matrimonial home can cause the most anxiety, as the family home normally represents the largest asset a couple own.
More than 150,000 marriages in the UK end in divorce every year, and Norwich Union believes that up to 35% of these couples are forced to sell their house or flat to cover the cost of their divorce.
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