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Are Cash Deals What You Need
- 1. Are Cash Deals What You Need Shockingly just released figures have revealed that over more over a third of houses in the United Kingdom are entirely paid for in cash. Homes purchased with no borrowing have reached 35 per cent, compared to 10% to 15% before the 2008 financial crisis. Total No Debt Mortgages When these deals were analyzed over the past year, it showed these deals were worth a total of £237billion; transactions involved in no debt such as mortgages. This has cast doubt on the fears of a debt-fuelled property bubbles. For more information about selling your house in 7 days please visit http://www.highpricepaid.co.uk/. Where Did Money Come From? Lawyers are used to a barrage of questions from estate agents and solicitors - even if they aren’t able to see why these purchases of a house require so many checks. Does it matter if the money is coming from sales of vacation houses, redundancy, or an inheritance from a great uncle?
- 2. This is a problem for those who regard all financial affairs as secret and object to any close questioning, but the law doesn’t see it that way. Lawyers and estate agents have to report any activities such as those find suspect involving any cash funding of purchases. New Companies There are a lot of these new breed of companies advertising to buy any house up to 90% of the value with the cash in your pocket in a few weeks. Could be Solution for You This could sound like a great solution if you want to move fast and there are many quick sale property firms to choose from. They all offer to buy property from owners who are struggling or need to sell in a hurry. However, reality shows you will be offered only part of the homes real value and miss tens of thousands of pounds. With no rules in place, we could see quick sale clients following in the footsteps of sale and rent back again. If you want to know more about genuine quick property buyers.
- 3. If you are interested in more information about these cash deals there is more on the internet when searching for cash house buyers uk especially when needing cash quickly.