Cash Property Buyers

We receive a lot of enquiries from property owners searching for “cash property buyers” or “sell to a cash buyer”. The reasons for wanting to sell to a cash buyer are varied, but can broadly be categorised into two separate groups: vendors who want to sell quickly to avoid the delays a mortgage company will most likely cause (category one) and when a property is unmortgageable – it does not meet the criteria set out by a lender (category two).

Vendors in the second category will most likely own a property that falls into one of the following categories and might require a cash buyer or a specialist lender:

– Derelict property
– Property without bathroom or kitchen (or just without cooking/ washing facilities)
– Properties valued below £50K, especially for buy to let lenders
– Leasehold property with a short lease – typically less than 70 years
– Structural defects or properties close to mining works, areas of landfill, recent flooding, or subsidence. Or issues that could potentially cause structural problems e.g. Japanese Knotweed
– Sitting tenants/regulated tenancies/life tenancies
– Defective lease
– Damp, dry or wet rot, wall tie or structural problems
– Planning issues or boundary disputes
– Building is in severe disrepair or needs demolishing
– Unusual or non-standard construction

Other situations that could potentially cause problems include:

– More than one flat in the same block for same borrower and /or lender
– Freehold flats
– Flats higher than 5th storey in tower blocks
– Above or close to commercial
– Neighbouring properties ( two houses next door to each other)
– Properties where a sourcing club is involved will get rejected as unmortgageable
– Vendor has owned the property for less than 6 months

It’s worrying how many buyers claim to be cash buyers but are not! This goes for buyers introduced through estate agents and buying companies too. In the case of estate agents it is usually a ‘mix up’ of information that leads to the inaccurate statement– these things sometimes happen when you appoint a third party to work for you! When ‘property buying companies’ claim to be cash buyers but are not, what they often mean is that they have cash buyers ‘on their books’; they can refer the sale to a third-party cash buyer. It’s always worth requesting proof of funds (e.g. bank statement or letter from solicitor) from any buyer who claims to be purchasing with cash.

Who are the main cash property buyers?

There are a large number of cash property buyers throughout the UK, here are a selection of the names you may find.

• Ask Susan
• British Home Buyers
• Direct House Buyer
• Fast Sale Today
• Flying Homes
• Good Move
• Halo House Buyers
• House Buy Fast
• House Buyer Bureau
• HouseBuyers4u
• National Property Trade
• Open Property Group
• Property Solvers
• Quick Move Now
• Ready Steady Sell
• Sell Fast
• The Advisory
• The Property Buying Company
• UK Homebuyers
• Vivo Property Buyers
• We Buy Any Home
• We Buy Any House
• Yes Homebuyers

Making sure your cash property buyer is credible

Selling your house or flat is a major decision, and the experts at LDN Properties understand that you need to have complete faith in whichever buyer you choose for your home. We also know that many homeowners can find the entire process of selling very stressful, and that’s why we provide a streamlined and no-hassle way to get a fast and fair offer for selling your property.

We are happy to explain every step of the process, from the initial quote that we make for buying your home through to exchanging contracts and paying you the proceeds. Do not trust a fast buyer that refuses to share important information with you, for example if a company will not tell you their reasoning behind whatever cash offer they make for buying your house or flat.

To give you extra security when selling your home, LDN Properties is a proud member of an independent organisation called The Property Ombudsman (TPO). This entity is responsible for publishing policies that are crafted to guard homeowners against potential scams and fraud in quick property buying industry. You should be very wary about selling your home to a company that refuses to join TPO, or that cannot prove it is genuinely a member, as it could be a scam.

It is thankfully free and simple to check if a fast buyer is registered with TPO, and can be done in seconds. Just visit TPO’s website and click on the tab marked “Find a member” and then type in the name of a specific quick property buying company. If a fast buyer is genuinely registered with TPO then you will be able to see their membership details. If a company does not truly belong to the organisation then you will not be able to see any details about them on the site.

And making sure that homeowners have the confidence to sell to us means that we can then provide them with the many benefits of using a fast property buyer. For example, we’re able to purchase all types, shapes and sizes of houses, flats and other properties across London. Since launching in 2003, some of the various homes that we’ve bought have included houses of multiple occupancy, properties where the owner hasn’t obtained a mandatory Energy Performance Certificate, unwanted inherited retirement homes, flats that have very short leases remaining, dilapidated properties, houses located on noisy roads, homes that have dry rot, and other examples.

A further benefit of selling your home to us is that, unlike estate agents and auctioneers, we never charge any fees when buying properties. That means you can count on receiving the full profit from whatever quick and competitive offer we make for buying your house or flat.

As the name suggests, we are also able to buy properties quickly, usually managing to complete the purchase of a home within a few weeks after the owner first contacts our team. That is typically much swifter than the process of selling your home through an auctioneer or an estate agent, which can both take at least several months before the sale is finalised.

Typical timeline for selling to a fast home buyer

Launched in 2003, LDN Properties is a fast home buyer than can offer quick cash for buying your house or flat, whether it’s freehold or leasehold, and regardless of its age, size, shape, condition or location. Our approach to buying properties is no-hassle, zero-stress and straightforward, and can be much faster than alternative methods of selling.

Our expert team can usually finalise the purchase of a property within a few weeks, and this covers every aspect from the initial quote through to the final inspection, and from the exchange of contracts through to paying a homeowner their proceeds. By contrast, when you sell via an auctioneer you could be waiting much longer because there are many weeks to wait after you list your home for sale but before the auction takes place. And even if the home sells at auction, which is not guaranteed, then the buyer has a further 28 days to complete the purchase. And estate agents might take several months or even more than a year to sell your property.

A key reason why we are able to move so quickly is that we typically don’t have to wait to get approved for a mortgage to buy a home, which can be one of the biggest hurdles for buyers using the other approaches to selling.

And we rely on skilled conveyancers, who are the solicitors that process the mandatory legal paperwork for buying properties, to help further speed up the sale of your home. Conveyancing can take a very long time when you sell via other methods, but we make sure that it moves as fast as feasible.

Start the process of selling your property to us by calling our friendly team, and within one hour we’ll likely be able to make a tentative offer for buying your home. If you accept the offer, soon after we’ll send one of our representatives to assess the interior and exterior of your property. And if you accept our offer, we’ll move rapidly to complete the various legal paperwork for the sale, exchange contracts, and get the proceeds to you.