If your house sale has fallen through due to a broken chain then Norfolk Property Buyers can become a 'Chain Angel' and buy the house that has fallen through.
Depending upon your circumstances and existing mortgage finance, we can offer either of TWO solutions:
- Buy your House Quickly for CASH
As speed of sale is often the most important thing, the price we offer would be below market value to allow us to cover our purchase and resale costs.
However, often this discount can equally be shared between each of the parties in the chain, or in some cases where a new build is at the top of the chain, we have assisted in negotiating a larger discount from the developer which can be passed on to us. This then prevents others from having to contribute themselves.
- Agree a Price, Take Responsibility for your Home and Buy in the Future
Rather than buying now, we agree to take Legal Responsibility for your house, make all your Mortgage Payments for you and complete your House Purchase at an agreed time in the Future.This is an extremely efficient method of allowing you to move on into your next home quickly and it often allows you to get a better price too, depending upon the mortgage finance you have in place.
You can still get a new mortgage as the existing house will, subject to permission from your lender, be converted into a Buy-To-Let mortgage.
Whichever solution you choose, we aim for all parties to have the best possible outcome. We generally find that if all parties are happy, the sale tends to go through smoothly.