Unusual homes hard to sell according to National Homebuyers

People in financial difficulties may be concerned to learn that some people are finding it difficult to sell their homes.

[UKPRwire, Wed Jan 09 2008] According to financial advisor Lansdown Place, it is often difficult to get a mortgage on a property that has an unusual design or conditions.

For example; listed buildings are often difficult to borrow for, while those built from 'non-standard materials' also pose a problem.

It means that people who own these types of properties may have trouble securing a sale and this could lead to their financial difficulties worsening.

"From a lender's perspective the issue is often that the value of the property is uncertain if the property is unique or rare," said Simon Harris, Lansdown Place spokesman.

"Naturally some lenders are more risk-averse than others, but all will consider the value of the security offered, the quality of the applicant's credit and the amount of deposit or equity provided," he continued.

With the global credit crunch affecting many lenders across the world, it is fair to say that many more firms can now be considered risk-averse.

Quick sale property company National Homebuyers is offering support to those who are finding it difficult to sell their unusual property. "We purchase any property, in any condition and built of any material" says director Julian King.

"As potential buyers are limited because they are finding it expensive to enter the market, homeowners are finding it increasingly difficult to sell.

"National Homebuyers has purchased many properties under unusal conditions. A 1940s pre-fabricated property has recently been added to our portfolio. Homeowners need not be concerned that their property is unsaleable" says Mr King.

National Homebuyers is the UK's leading quick sale and mortage rescue scheme provider. The company guarantees to make a cash offer to purchase any property in the UK without the requirement for a Hips pack to be in place. The company is also the leading provider of Sale and Rent Back solutions.

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