Property Rescue Blog

Health and Wealth...a Close Connection

Insurance is one of those areas where it seems people are only too ready to stick their heads in the sand and adopt the ‘it’ll never happen to me’ attitude. It’s not hard to see why this happens; for a start there are few of us who enjoy dwelling on the potential disaster that may or may not be around the corner, and in any case if money is tight insurance is often the first item of expenditure to be sacrificed.

One area of insurance that is particularly neglected is that of income protection, which provides cover should you not be able to meet your mortgage repayments due to ill health, disability or accident. If you are a fit healthy 30-something, the chances that you will become seriously ill are probably remote but what people often fail to think about is that accidents can happen at any age. It’s easy to think of ourselves as invincible but disaster can and does strike – thankfully rarely – so it makes sense to have a plan in place that will offer some sort of protection for you and your family.

When you are young your mortgage repayments will probably be among the most significant of your monthly outgoings. If you find yourself unable to pay your mortgage, whatever the cause, you stand the risk of losing your home through repossession. The number of repossessions is on the increase and mortgage lenders are unlikely to turn a blind eye in a situation where they can see little hope of getting their money back.

If you are already in this situation and you don’t have an insurance policy that will pay out, is there anything you can do? With Property Rescue there is another option. They will assess the value of your property and will make you an offer. This means that you have a guaranteed buyer for your home that will allow you to pay off your debts. “But where will I live?” I hear you ask! Using the ‘Rent Back’ scheme, Property Rescue allows you to stay in your own home as a tenant rather than as the owner. This means you don’t need to relocate, disrupt your family or move away from a neighbourhood that you enjoy. Although you won’t own your home any longer, you won’t be threatened with eviction whilst you can afford to pay rent and if you think you are likely to be in a position where you can become a home owner again in the future, Property Rescue will give you the option of buying back your property at an agreed date and an agreed price.

Health and wealth are most definitely connected. Poor health can strike at any time, usually through no fault of the person concerned, and yet it can bring a great deal of suffering to the individual and his or her family. Don’t let illness or accident threaten your way of life more than it has to.

Contact Property Rescue today to find out more about their Sell and Rent Back scheme. Their experts are always pleased to have an informal discussion over the phone and will arrange to visit you and value your home at no obligation.

22 January 2008. Sell and Rent Back | Comments (0) -

Struggling To Sell Your Property?

This week figures have been announced that show the first drop in house prices for two years. Is this the start of a real slow down and is the housing market in crisis?

Northern Rock’s recent difficulties have shaken the market considerably, showing what could happen if the sub-prime mortgage collapse in the US continues to have impact on our own lenders. It’s not hard to find doom-mongers amongst the market commentators, predicting that we are about to see the biggest slow down since the ‘90s or even that we’re in for a full blown property price crash.

The International Monetary Fund considers UK property to be over-valued by 40%, which is enough to send shivers run down the spine of UK home owners. Capital Economics, led by an ex chief economist from HSBC, forecasts a 3% fall per year during 2008 and 2009 due to the effects of the global economy and higher interest rates in this country.

Added to this is the effect that Home Information Packs (HIPS) are reportedly having on the market, with some potential sellers being put off from marketing their home until the full effect of HIPS becomes known.

This means that if you are trying to sell your house you’re likely to see a slow down in viewings and may have to drop from your asking price to gain that elusive sale. For some people this is likely to cause real difficulties – losing the ‘dream home’ they really want, not being able to move to another part of the country thereby necessitating separate living arrangements for a period of time, or even taking out a bridging loan to cover the cost of two properties until such time as a sale can be made.

Property Rescue guarantee to buy your home no matter what the market is doing or what the commentators are forecasting. Furthermore, the sale will be carried out in super-fast time, you won’t have to pay legal fees or estate agency fees on the property you sell, you won’t have to worry about HIPS as Property Rescue will take care of that for you, and you’ll be free to move on to your next home.

Give Property Rescue a call to find out more. All calls are in total confidence and there will be no obligation on you to proceed if you then decide to sell your home via traditional routes.

2 November 2007. House Prices,Interest Rates,Mortgages,Housing Crash | Comments (0) -

The Open Market - The Slow Market!

There has been a debate raging amongst sellers, buyers, estate agents, lawyers, developers and others involved in the property sector as to how the process of buying and selling property in England might be speeded up, clarified and made less vulnerable to last minute breakdown.

In many countries a ‘sealed bid’ system is preferred whereby the sale is made to the highest bidder on the day the bids close. This has advantages and disadvantages; on the one hand it’s hard to predict what the selling price will be and buyers may find themselves paying well in excess of the next closest bid; on the other hand the seller may find that bids fall short of expectations. Despite this, the obvious advantage is that everyone knows where they stand from the moment the bids are unsealed in the lawyer’s office.

But in England we have little choice as to how we sell our homes and almost everyone is familiar with the well publicised down-sides, such as:

the length of time it takes
the costs involved in legal, professional, and estate agency fees
the stress caused by not knowing whether the sale will stand or fall
the possibility that the chain will break down at the last minute
the inevitable trail of uninterested buyers that pass through your home before the ‘right one’ comes along.

Unless our legal system is changed there seems little option but to put up with such complaints. Of course, one choice is to take a price below market value and sell through a company such as Property Rescue. At first glance, this course of action may not seem appealing, but it is worth studying the benefits:

sale completed within a very short space of time, sometimes just a few days
no chain, no broken promises
the seller pays no legal fees on the sale, and no estate agents fees
no ‘viewings’ that go on for weeks on end
guaranteed sale on the date you want
any type of property can be sold, even those labelled as ‘hard to shift’

In a market of uncertainty, the time taken to sell a home is likely to lengthen from its current average of seven months; this, together with the possibility of buyers dropping out due to poor survey results, interest rate rises or lack of funding, make the Property Rescue proposition worth a second look.

If you want to sell your home and need a fast turnaround, give Property Rescue a call to find out more. The contact will be completely in confidence and there will be no obligation on you to proceed if you then decide to sell your home via traditional routes.

25 October 2007. House Prices,Sell Home Fast | Comments (0) -

Property Rescue Blog

Health and Wealth...a Close Connection

Struggling To Sell Your Property?

The Open Market - The Slow Market!

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