British Home Buyers Contact Details

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1. Contact details for British Home Buyers
2. Typical timeline for selling to a cash property buyer
3. Top questions to ask any cash property buyer
4. British Home Buyers: questions and answers

Telephone number: 0800 566 8164

Email: Contact form

Website: https://britishhomebuyers.co.uk

Typical timeline for selling to a cash property buyer

Cash property buyers can be a good choice for anyone looking to quickly sell their freehold or leasehold house or flat. They can usually complete the entire process of buying a home in just a few weeks, which is typically faster than you might expect via an estate agent or an auctioneer. Some estate agents can take a number of months to get a serious offer from a buyer, whilst auctions might take at least a few months before the sale is finalised.

The reason why fast buyers are able to act so speedily is that they already have the cash in hand for buying properties, which means they can avoid the often very long waiting times that other types of buyers have to endure to obtain a mortgage for buying a home.

As a general guideline, most fast cash buyers can help you sell your property within weeks, or possibly quicker. That includes every necessary stage, including exchanging contracts, signing all of the important legal documents, and ensuring that you receive your proceeds. It’s a streamlined approach for selling your home that will help to avoid any stress.

There are some benefits from getting such a fast sale, including the fact that it accelerates how soon you will receive the cash proceeds. You can then speed up your plans for using that money, whether it’s to fund a move overseas, upsizing or downsizing to buy your next dream property, paying off mortgage arrears, selling an unwanted inherited retirement property, or other reasons.

You will also have the benefit of not having to worry whether the housing market might suffer a downturn in the future that could lower your home’s value and therefore its sale price. Selling to a fast buyer makes it more likely that you’ll get a buyer based on your home’s current value.

Another reason why quick home buyers are often able to move quickly with purchasing houses and flats is that they usually have in place a network of conveyancers, who are the legal professionals that handle the paperwork involved with buying a property.

Top questions to ask any cash property buyer

If you’re contemplating selling your home to a fast property buyer, it’s always a good idea to do some research before making a final decision. Something as simple as searching for a fast property buying company’s name online can either show you great customer reviews to reassure you, or highlight you to bad reviews or negative news stories.

Another important step you can take as part of your research into cash home buyers is to call or email specific companies and ask them a number of questions about how they operate. The answers that you get will help you to learn more about whether they are suitable for buying your home, and we have provided some sample queries along with explanations below.

Are “lock out” agreements something that you will require?

These agreements give someone the exclusive rights to buy your property for a set amount of time, usually many months. But there is usually no justification for a company claiming to be a fast home buyer to need such an agreement. Legitimate quick property buyers should be able to complete the purchase of your house or flat within just a few short weeks.

What rate of commission do you charge when buying homes?

Trustworthy fast property buyers should never charge you commission when buying your freehold or leasehold house or flat, compared to estate agents and home auctioneers who will charge you fees for selling your property. Asking a quick home buying company this question can be one way to determine whether or not you should sell your property to them.

Do you offer “sale and rent back” deals to homeowners?

In theory, these agreements seem like a good idea, because they let an owner sell their home to a fast buyer but continue to live in the property by renting it from the company. However, in reality there is nothing by law that prevents the quick home buyer from attempting to evict at some point after the sale, creating uncertainty about your long-term housing.

Are you able to buy properties in my neighbourhood?

This might seem like an obvious question, but some people forget to ask fast home buyers whether their neighbourhood is somewhere that the company can purchase properties.

Is your company officially registered with The Property Ombudsman?

The Property Ombudsman is an independent organisation that publishes policies that protect homeowners against scams in the quick house buying sector. All registered members of TPO must follow those rules, so asking this question is a great way to get peace of mind when selling. Be cautious about selling to a non-TPO member because they might be fraudulent.