Selling House Without Structural Warranty

If your property is less than 10 years old, you may be looking to sell your house without a structural warranty.

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Your top questions when selling a property without structural warranty

✅ What is a structural warranty for a leasehold or freehold home?

A structural warranty is not required by law but it is often seen as a prerequisite for selling a new build property, because it provides cover for a set amount of time, typically 10 years, for any physical problems or other structural defects that might occur in that time. Some new build properties do not have these warranties, which can make it harder to sell them.

✅ Can a buyer get a mortgage to purchase a home that lacks a structural warranty?

It might be very difficult for someone to get approved for a mortgage by a lender for a home that does not have a structural warranty. That’s because the lender will likely have concerns that the lack of a structural warranty will make it hard to resell the home at a profit in the event that the buyer defaults on the mortgage and the lender has to sell the property to recoup their money.

✅ Will I have to pay Capital Gains Tax when selling my property without a structural warranty?

Possibly, but it will depend on various factors including how much profit you might make on the sale. If you sell at a loss compared to the price you paid for the home initially, or you break even by selling close to the original purchase price, then this tax typically won’t apply. Make sure you speak with a qualified tax professional before making this important decision.

✅ What are my options for avoiding paying fees when selling my house or flat?

You could either sell to a no-fee legitimate quick buyer like LDN Properties or you could sell without any assistance, which means you won’t owe anyone commission. Just beware that if you decide to sell your home through an auctioneer or estate agent that this will increase your expenses because they’ll charge commission that will be taken out of the final sale proceeds.

✅ What is the quickest way to sell a property that doesn't have a structural warranty?

Your best option could be selling to LDN Properties or another fast home buyer, because these companies can complete the entire process of buying a house or flat within just a few short weeks, and that includes paying you the proceeds and exchanging contracts. Selling on your own or via an estate agent or auctioneer all typically take at least several months.

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