Leasehold flats
A leasehold flat that won’t sell? Auction can find the buyer.
High service charges or a short lease can stall a normal sale. Auction buyers know how to price them.
Talk to Mike,
not a call centre.
not a call centre.
Sound familiar?
Mortgage lenders are wary of short leases.
High service charges put off first-time buyers.
Sales keep falling through.
How auction helps
Cash and specialist buyers at auction are used to leasehold issues.
The legal pack sets out the lease and charges up front, so there are fewer surprises.
A binding sale on the day, or on exchange for conditional auctions.
+£73,000
A recent client was offered £140,000 by a cash-buying firm, which then dropped it to £120,000. We sold it at auction for £193,000.
What would a cash buyer cost you?
£50k£2m
You could be giving away
£0
SOLD
MortgageYour equityKept by the cash buyer
Get a proper valuation from Mike: book a free 15-min call
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Thanks. Mike will email you this breakdown shortly.
Illustrative only, based on typical cash-buyer offers of 70 to 80% of market value. Your result depends on your property, location and market. Mike will give you a proper assessment on the call.
Fifteen minutes could be worth £50,000.
Free. No obligation. No pressure. If auction isn't right for you, Mike will tell you.
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Useful to have ready
· Rough property details: type, bedrooms, condition
· Any offers you've received, including cash offers
· Your mortgage balance, roughly