“Our property chain has broken. How can we still buy our new home?”
At Rapid House Buyers, we know all too well the disappointment caused when you think you’ve sold your home and are ready to move into the new home of your dreams - only for your hopes to be dashed, when the chain you’re in is broken.
A broken property chain is unfortunately a common scenario in the house selling/buying process. Although you may feel that the end is in sight once you accept an offer on your home, it is just that - an offer. Remember that your home isn’t sold until the point at which you exchange and the whole deal can fall through at any time prior to this.
So what do you do if the sale of your house has fallen through but you’re desperate to move into your new home? In today’s economic climate and strict lending policies, you’re unlikely to be able to secure a bridging loan to buy your new home, without having first sold your old one. You could of course place your existing property straight back on the market with your estate agent, but it could take months to secure another sensible offer, during which time, that new house could slip through your fingers.
It may be, however, that you are being forced to move for other reasons than the fact that you simply want a new home. Perhaps you’re relocating because you’ve found a job in another part of the UK and need to move quickly, or you may have plans to move abroad to a new home in the sun. On a more negative note, your financial circumstances may have changed and you’re looking at repossession or bankruptcy.
Whatever the reason you want to move, you need to act quickly.
Simply contact Rapid House Buyers. We’ll immediately start searching for a cash buyer for your home and you could have the money in your bank account within 28 days, meaning that you could halt repossession action, buy that dream house, or jet off to your new life abroad.