There are two things that need to be addressed. One; how you’re feeling, how the stress of the situation is affecting you. Two; how to deal with your financial situation.

Some of the symptoms of stress listed on the NHS website include anger, depression, difficulty sleeping, chest pains and nervous twitching. The same page also states “If you have been experiencing some of these symptoms for a long period of time you are at risk of developing high blood pressure which can lead to heart attacks and stroke. So it is imperative that you address how you are feeling. To read more about stress please visit the NHS Stress Pages If you think you may be suffering from stress, book an appointment with your GP to have a chat. Also, prioritise good sleep, eating well, exercise and maybe learn a deep breathing technique for the moments you begin to feel overwhelmed.

The other key aspect is to get your finances in order. If you are facing repossession you need to act quickly. One of the possibilities you may have considered is to sell your home. However, in this weak property market you may have found that too difficult, uncertain and slow an option. A cash buyer with no chain attached may feel like a far-off fantasy. However there are companies who act as professional home buyers who do just this. They typically offer two options. A quick property sale of your property or a scheme known as sell and rent back. There are many of these companies around and the industry is beginning to be regulated by the FSA, so make sure the company you approach has the minimum of an interim regulation. (At the time of writing (Dec 2009,) only an interim regulation is available and companies are currently applying for a full regulation.)

A quick property sale of your property can be completed in as little as a month (some companies can even complete in two weeks if you are in dire need.) The best thing about this option is that they can exchange contracts with you on the day of their first visit. This means that you have that all important confirmation of sale that will stop repossession immediately. These companies tend to pay between 60-80% of the market value for your house.

If however, the upheaval of moving house is another stress that you would love to avoid while receiving all the benefits of selling your house quickly, it may be worth looking into the sell and rent back scheme. This is often offered by the same companies as the quick property sale option. It can all move just as quickly however you would also sign a rental agreement which would cover the rental rate and the length of tenancy. Dependant on the company, the length of tenancy can vary from short term (six months) to indefinite (some companies are happy for you to stay until whenever you choose to move on or buy back the property from them) – providing you pay your rent on time. If you feel that that would not be possible, speak the them as some can arrange a rent-free period at the beginning while you’re getting back on your feet. Make sure you know what the policy of the company is before you sign anything. Once the company own the property they act as landlords, taking responsibility for any repairs that may be necessary. The whole process is completely discreet, so you don’t even need to worry about having to tell your neighbours.

Steven Martin is a FSA interim authorised provider of Sell and rent back and also provides a Quick property sale. He works at http://www.quickpurchase.co.uk

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The act of selling a land has been an age long phenomenon. People in the past have their own local ways of selling their lands. However in the recent times, things have changed. We live in a world ruled by the law. Most countries today are operating through the principles of democracy. In such democratic settings there are certain laws governing the various aspects of life. When it comes to selling land, there are also the constitutional ways of going about it. There are proper land use decrees in most nations today.

Indeed, if you’re interested in selling a land, there are some important tips to bear in mind. Discussed below are some of those tips to help stay out of troubles when you have made the decision to sell.

1. Put the Land’s documents together

In selling land, documents are very vital. The very first document you have to get ready is the “certificate of occupancy”. This document is very vital. It is the actual proof that you’re the real owner of such lands. Usually the certificate of occupancy bears your name in bold prints. You must have to get this document in tact. In fact, the certificate of occupancy is the real land evidence you actually want to sell, without it, no insane person will ever come near to purchase the land. This document is what you’ll actually transfer to the buyer once he or she agrees with your price. In some countries, there’s another document known as “right of ownership”. This is also in form of the certificate of occupancy; both of them do serve the same purpose.

2. Register with estate agents

One major strategy you need to engage in selling land is to register with estate agents around you. These estate agents are also known as estate surveyors. Their duty is normally to help you sell the land very speedily and in a good price. You can never sell your land on your own. You need the help of these people. In most cases, they usually end up selling the land for you to the highest bidder. However, the note of caution here is that you need to be very careful with the kind of agents you’re employing. There are rogues and dupes out there. Never commit money or your certificate of occupancy to any agent until you’re sure of the reality of the deal.

3. The Need for Witnesses

Selling land is not like selling any other ordinary property. Land is immovable and hence it could cause some fracas when sold in illegal manner. There’s always the need for you to engage witnesses in selling your land. The first witness you need to engage is a lawyer. He or she has the duty of preparing the sales document for the land. Usually, there must be an agreement or pact between you and the buyer. Such a pact must be well written, typed and documented. In such a pact there must be a space for you and the buyer to sign. Again, you need to call in a 3rd party as your own witness while the buyer also comes with one.

In the final analysis, you need to do everything legally. Never rush into the deal of selling your land. Always think deeply before you go into the deal.

Steven Martin is an experienced land purchaser and also provides a Quick Land Sale service. He works at http://selling-land.co.uk/

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There are a handful of companies who offer this service. You need to ensure that the company you approach has interim regulation by the FSA and employ specialists who have experience in the property market.

What is the FSA? What does it mean to me?

The FSA is the Financial Services Authority. They regulate organisations such as banks, building societies, mortgage advisors and they now regulating the Sale and Rent Back Market. If a company is FSA regulated it means that you can be confident that they have been deemed to trade honestly, openly and with the best interests of the client. For more details please FSA’s website.

What do you mean by Personal?

From the beginning you need to make sure that you are not dealing with a call center. You will require a personal representative assigned to you from the outset. Someone who is a property specialist who can understand your situation and continue to personally manage your case. This is really important to have a person who calls you, visits you and that you can always contact directly. You must feel comfortable asking them any questions or queries you may have.

What should I expect if I call a sell and rent back company that has interim authorisation?

When you’re in a financially sticky situation, sometimes you need things to move along at a fast-tracked pace. If you speak to an Sell and rent back advisor today; they will ask questions about your home and your situation (please be entirely honest, they will not judge you, they are here to help and have heard much worse.) A company should be able to make you a provisional offer over the phone immediately and arrange a viewing within 48 hours.

If at the meeting you decide you would like to go ahead, contracts and tenancy agreements are signed and exchanged shortly after. The sale of your house can be completed in as little as 48 hours from your first call. You will then be able pay back your mortgage and debts secured on the house and give you the remaining equity. You are then free to rent back your house for as long as you like. Once you are back on your feet you some companies even give you the chance to re-buy your house from them but you need to make sure this is possible from the outset because not all companies are the same.

What are the facts and figures?

Most Sale and rent back companies purchase property at 60-70% of its market value. Generally most will pay all the legal fees. There are no costs for you to cover. The monthly rental figure will be agreed in advance by yourself and the sale and rent back company. You will find that most sale and rent back companies will cover all maintenance fees on the property.

How do I get started?

Contact a Sale and rent back company and either fill out the online questionnaire or simply give them a call.

Steven Martin is a FSA interim authorised provider of Sell and rent back and works at http://www.quickpurchase.co.uk

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Since the beginning of the current recession, selling even the most beautiful, unique property has become anything from difficult to impossible. There are many reasons for this; it became harder for people to secure a mortgage, more misty to predict the market and more risky to seize the day. Sales ground to a standstill and people grew more cautious. Most people decided that they can wait until the market gets back to normal. So, where does that leave you if you can’t?

Whether it’s to immigrate to warmer climates (lucky you) or to finalise a divorce; if you are reading this then I guess you need to sell your property more quickly than the rest. So, what are your options?

Auction

Not for the faint-hearted! People and developers who buy at auction are there for a bottom of the barrel bargain. You may not get anywhere near the amount you expected and be stuck with lots of legal fees. Get some great advice if you’re venturing down this route.

Estate Agent

The traditional route, that has currently got a little stuck. Estate Agents will fall over themselves to manage your property and can sometimes over value your property to win your business so do your research and talk to 3 or 4 to get an accurate idea of the situation. There are no guarantees of speed or even a sale.

Established Property Buyers

This could be a good solution; however look out for a few things. You want to find a company who give you a respectable offer (average offers range between 60-80% of the Market Value) treat you well and work with a strong degree of transparency. Ask friends for recommendations. Search for Testimonials and feedback on a company. Make sure they are regulated by the FSA.

The initial conversation with a property buyer:

Give them a ring, apply online or pop into their office for a chat. Feel free to ask any questions you may have. You should be personally assigned a representative to work with you from start to finish. They should first get an understanding of your property and situation. Ask to ensure that all your information that you provide is held in the strictest of confidence. Companies will generally then make you a provisional offer at this point. This should be 60-80% of the current Market Value. Then together if you are happy you can arrange a meeting/viewing.

The meeting and viewing of the property:

Normally you will find companies that will visit you within 48 hours of the initial conversation. If you are happy with all the details, the contracts can be exchanged and signed on the spot. There are national cash property buyers that do have this ability, don’t get me wrong you will find that most still take months so be sure to ask the question, how long will it be before we exchange contracts? This gives you the security of a guaranteed quick property sale. How long will it be before the property sale is completed? Again there are companies out there that can complete a sale within 48 hours if you need to.

If you would like to sell but you’re not sure you are ready to move out straight away then there is an alternative called Sale and Rent Back.

Steven Martin is a FSA interim authorised provider of Sell and rent back and works at http://www.quickpurchase.co.uk and also specialises in Quick property sale within the U.K.

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Everyone seems to think that the sale and rent back industry is a new industry that has only just emerged due to the financial crisis, this is true for some companies, but there are a variety of companies that have been around for years. The Financial Services Authority (FSA) has just recently undertaken the job to regulate the industry due to research carried out during the first half of 2009, they are set to complete the regulation in June this year. This is great news for the professional companies operating within the sale and rent back industry, simply because those companies who have been operating unfairly will no longer be able to operate within the industry. Great news for the consumers also!

The consumer still needs to ensure that they select the right company to use, and unfortunately this is where you are on your own, to an extent.

If you are looking to sell and rent back your property most companies generally offer between 30% – 35% below market value, there are a few vital things that you should look for when choosing a sell and rent back company. When you make contact with the company you should look for:

1. No call centres 2. Professional and knowledgeable people answering the phone 3. The individual should explain that they are part of the FSA 4. That they are the buyer and not just arranging the process and you end up selling to someone you have never spoken to before

And once you are taken through their process you should be looking for:

1. Security of a sale (i.e. how quick do they exchange contacts) 2. Detailed explanation on the term/length of the sale and rent back agreement 3. You should never pay more than local market rent 4. Is there a buy back option for you to purchase the property back 5. If there is a buy back option, does the company provide you any financial incentive

The most important thing is that you feel comfortable with the company and also feel that you can trust them. This is a big decision and your property is probably the biggest asset you own, you need to feel safe knowing that the company you are about to embark on this lengthy journey with, is someone that trust!

Another important fact to remember, make sure if you have any further debts that you try to clear them, especially if you have equity left over from the sale of your home.

Get debt free and rebuild your financial position!

Steven Martin is a FSA interim authorised provider of Sell and rent back and also provides a Quick Property Sale. He works at http://www.quickpurchase.co.uk

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The first step therefore is to ring them. Communicate. They have many options in place for people struggling to repay their mortgages, they can extend the length of your mortgage so that your monthly repayments are lower, they can give you a payment holiday (a few months without paying your monthly mortgage to help you get back on your feet,) or switch you to an interest only payment for a while. All of these options end up slightly more expensive in the long run but lower your current monthly outgoings, perfect for getting your cash flow back on track.

If you have a loan secured on your home with another company, have a chat with them and see if you can lower your monthly repayments to a rate that is more manageable. Your next option, if this was not enough, is to contact your mortgage company and see if you can get a second mortgage (this will only be possible is you have equity remaining in the property.) Here, again dialogue is the key, explain your circumstances and let them know what the maximum amount you could pay a month would be as you don’t want to replace one unmanageable loan with another.

If you have tried all of these options and you still don’t have a solution, it may be worth looking into the possibility of selling your home. There are home buying companies who specialise in buying quickly with cash. Typically they will pay 65-70% of the market value for your home and can complete the sale as quickly as one week. Your certificate of purchase is enough to stop repossession and that you should have within 48hrs of giving them a call if you decided to go ahead.

This is a newly regulated industry so look for a company who have an FSA interim regulation – this is very important as it ensures that they are a legitimate, established company. Most of these companies have a website you can apply on but I would recommend giving them a call, you can tell a lot from the way the specialist speaks to you on the phone and it is important to find someone who has plenty of experience and puts you at ease by listening to your concerns as well as your situation.

If you don’t want to move out of your home, some of these companies also provide a sell and rent back service which means you can stay in your house as long as you like paying a monthly rent decided by you and the company in advance. There may also be an option to buy the house back once your finances have turned around. Make sure you are clear what a company is offering you before you sign anything as these companies move fast, great as this is what you need, but don’t be afraid to ask for clarification on any points you don’t understand.

Steven Martin is a FSA interim authorised provider of Sell and rent back at http://www.quickpurchase.co.uk and also specialises in Stop repossession within the U.K.

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Whatever the reason you want to move there are a few options available to you.

Sale via an estate agent.

Contact 3 or 4 estate agents to gather an idea of the market value of the property, pick an estate agent, get surveys completed, put on the property on the market, present the house at viewings, negotiate and finally accept an offer. 3 or 4 months of paper work later and you’re sold! Around six months in total, if all runs smoothly and quickly. Great But… What happens if you don’t want to wait 6 months? Or if it doesn’t all run smoothly? Or if your buyer’s buyer pulls out?

If you are in a rush to sell, it seems a normal estate agent sale is too slow with too many variables. So what are the other options?

Auction

Selling at auction is a much quicker way to sell, often completing within 2 months. This can be a wonderful way to sell a property that is highly sought after and the best outcome is a bidding war between two or more parties. However, there are a few downsides with this route. Firstly when you put your house up for auction you are obliged to allow any potential buyer (and surveyors on behalf of buyers) to view the house, so expect a busy few weeks. Secondly and perhaps more significantly it is a risk. It is more expensive than going through an estate agent with the possibility of not selling at all (but still paying the fees) or achieving a very disappointing final price. Seek unbiased and sound advice when considering this option. You want to have a good idea of market price and what you may get for your property before you approach the auction house.

Sell to an Investment Buyer?

There are companies popping up all over the place offering to buy your home quickly, are they worth looking into or is it all a big scam? While it is true that there are some companies who have popped up the first moment the word ‘recession’ appeared there are also well established investment property buyers who buy with cash, quickly. How do you tell the difference?

Check out when the company was set up. Ring them, can you have a direct number or is it a call centre? Do they listen to your situation or are they just trying to tick boxes? And most importantly, are they FSA regulated? (Financial Services Authority.) Companies will normally pay between 65-75% of the current market value for the property.

Once you find a company you like, what can you expect?

During your first phone call the property specialist will take down details of your property. They will then ring you back a few hours later with a rough offer and arrange to come and meet with you and view the property as soon as you’d like (normally within 48 hours.) During the visit, they will make you a concrete offer and if you accept, will exchange contracts with you then and there. At this point you will have a certificate of sale which is enough to stop repossession or hold debt collectors at bay. It will take a week to complete (some companies will complete in 48 hours if you need them too.) The company will pay off the debts secured on the property and then give you everything else. Hurrah!

With all of these options who you are dealing with is the key to how stressful or stress free the process is so do your research and choose wisely. You want to sell to or with someone who cares about helping you find the right solution rather than just counting their commission.

Steven Martin is a FSA interim authorised provider of Sell and rent back and also provides a Quick property sale. He works at http://www.quickpurchase.co.uk

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Facing repossession, mounting bills and job insecurity can make you want to hide under the duvet and never come out. However, this has rarely improved situations. There are several options that may be available to you. First of all take a real, honest look at your finances; what comes in each month, what goes out, can anything be lived without? (ie, SkyTV, extra phone line)

Next, look at your debts; ring each company, calmly explain your situation and ask what the minimum monthly payments could be on a payment plan? (This is not a plan you will want to stay in for too long as the longer you take to pay off your debt, the more interest you will pay.)

If after all this you find that your out goings still exceed your income, you need to take some prompt action. Is there anywhere you can turn for a loan? Rich family members who don’t charge interest are great, loan sharks are not. If you have defaulted payments with the bank and mortgage lenders they will be reluctant to lend you any more money unless you can prove how you will repay it.

There are other alternatives available to you. For Example, There are companies that have FSA interim authorisation to continue trading in the sell and rent back sector or you may just want to consider a quick property sale. Take a look at the two solutions.

Sell and Rent Back:

One is a scheme commonly referred to as Sell and Rent Back. It basically means that the company would buy your house and rent it back to you. Many different companies are providing this service, but you must look carefully at what they are offering you. Generally companies offer between 65%-70% of the Market Value and a monthly rental agreement in line with the prices in your area. Generally the companies pay all of the legal fees. Some of the better companies give you the opportunity to re-buy your house once you’re back on your feet (Some companies offer you a 5% deposit towards your mortgage.)

Quick Property Sale:

The Quick Property Sale option is perfect for people who want to sell their homes, but don’t want to risk the uncertain and often disappointing option of an auction house or wait for an estate agent to sell their property. Some companies can complete within 4 weeks and if you’re in a rush can exchange contracts within 48 hours and complete as quickly as 7 days.

Steven Martin is a FSA interim authorised provider of Quick property sale and also provides a Quick property sale. He works at http://www.quickpurchase.co.uk

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Now that the sale and rent back sector has been regulated, each company has prescriptive guidelines, which they must adhere to. This ensures that the consumer is dealt within a consistent manner. However, whilst it is important to remember that the guidelines set out by the FSA ensure that the consumer is dealt with in accordance with the 6 consumer outcomes, it does not prescribe to the provider the purchase price of the agreement or the period the homeowner can remain within the property.

To ensure consistency, there are a number of documents you can expect to receive from the provider of your sale and rent back agreement:

The Initial Disclosure Document (IDD) or the Terms of Business – this sets out the terms of the agreement that the provider is willing to enter into. Initially, it will set out the fact that the provider is regulated by the FSA. It will also include indicative terms of the sale and rent back agreement, including; the purchase price, the percentage of the purchase price against the value of the property, any charges payable, the rent payable and the minimum length of time the seller may remain in the property.

The Initial Offer Letter – this is received after the IDD, and sets out the terms of the agreement, usually following an assessment of the property from the company or individual wishing to buy your property and rent it back to you.

The Final Offer Letter – this is received once your property has been inspected by a RICS (Royal Institute of Chartered Surveyors) surveyor. It will confirm the final details of the agreement.

It is important to remember that not all firms are able to proceed with the sale and rent back of your property in a timescale to suit your needs. They should be willing to complete the purchase as quickly or slowly as you require.

In addition to the above, make sure you are dealing with a company that has gained interim authorisation, will allow you to remain in your property for at least 3 years, charge either none or very low fees, and will allow you to cancel the proposed agreement at any time prior to the completion of the transaction with little or no outlay on your part.

Steven Martin is a FSA interim authorised provider of Sell and rent back and also provides a Quick property sale. He works at http://www.quickpurchase.co.uk

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However, the reality in a number of cases is that after a period of six months, the owners have been served notice, evicted from the property, and left homeless by unscrupulous landlords and the property sold at a large profit. In addition to this, there have also been cases where mortgage companies have repossessed the homes of these individuals as the landlords have been unable or unwilling to make mortgage payments on the homes in question.

In response to this, the FSA has taken the step to provide security to those wishing to sell their home whilst remaining in the property for the long term. The FSA have asked all companies and individuals that operate in the sector to apply for ‘interim authorisation.’ From the 1st of July 2009, all companies wishing to continue working in the sale and rent back sector had to apply for this authorisation by the 31st July 2009. Any company not submitting an application by this date is NOT permitted to conduct business in this sector from 1st August 2009.

As part of the application process, the FSA has requested information from each applicant relating to the whole of their business operations. This will allow the FSA to look at each individual and company within the sector, and decide whether or not to grant them interim authorisation. The FSA will pay particular attention to the financial workings of the sale and rent back provider to ensure they are in a position to meet any commitments in the long term. It will also look at the processes implemented by the provider to ensure that they deal with homeowners in an open, honest way, and ensure that the consumer is able to make a decision as to whether or not they wish to enter into a sale and rent back agreement.

The FSA has set a benchmark in the financial services sector to ensure that all consumers are treated fairly (Treating Customers Fairly)

The 6 Outcomes are detailed below

Outcome 1: Consumers can be confident that they are dealing with firms where the fair treatment of customers is central to the corporate culture.

Outcome 2: Products and services marketed and sold in the retail market are designed to meet the needs of identified consumer groups and are targeted accordingly.

Outcome 3: Consumers are provided with clear information and are kept appropriately informed before, during and after the point of sale.

Outcome 4: Where consumers receive advice, the advice is suitable and takes account of their circumstances.

Outcome 5: Consumers are provided with products that perform as firms have led them to expect, and the associated service is of an acceptable standard and as they have been led to expect.

Outcome 6: Consumers do not face unreasonable post-sale barriers imposed by firms to change product, switch provider, submit a claim or make a complaint.

If you are thinking about selling your home and renting it back, your first step should be to ensure that you are dealing with a company that has gained interim authorisation. This will provide you with a level of security, and the knowledge that you will be dealt with in line with the FSA’s guidelines.

As a forward-thinking company, Quick Purchase Limited were one of the first companies to gain interim authorisation from the FSA. This means that if you consider selling and renting back your home through Quick Purchase Limited you will know that you are dealing with a professional company within the Sale and Rent Back sector.

Steven Martin is a FSA interim authorised provider of  Sell and rent back and also provides a Quick property sale. He works at  http://www.quickpurchase.co.uk</a>

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