Our market leading assisted sale product is very popular with vendors who want to maximise the price they can achieve from the sale of their property. The structure is very clever, its designed to be hassle free, clear and straightforward.
By using the finance you already have in place on the property we can offer a higher purchase price to you. Once we verify the charges and loans on the property then we can pay you the difference within seven days. We are then responsible for your mortgage payments and all property liabilities and payments until we sell the property for you via our asset manager. During this time we may refurb the property to maximise its sale value. From your point of view you are paid a higher amount, you receive a fast cash payment and we move on with full possession and sell the property within a few months.
It’s all above return on capital. Instead of utilising our own funds for the full purchase we keep your lending in place and pay you the difference which represents a reduced cash investment for us. The profit we can make upon sale is less than a cash purchase but because we invest less the return on our capital is greater so our shareholders are very happy to allow us to make an increased offer.
Your dedicated Case Manager will inform your lender that we are making third party payments until the property is disposed of. This agreement will be in place before we pay you any money and we would not risk any agreement without this agreement from your lender. The property is marketed immediately, we are property disposal experts so your mortgage is repaid in full in a matter of months.
Yes if your property requires a significant refurbishment programme we can offer even more. This is because we can add value from the project over and above the cost of the project. This can also apply to properties where the mortgage is high or quite close to the purchase price because it means we need less capital to do the deal. Typically the average assisted sale offer is around 85% of value but it can vary so do ask your sales consultant for more information.
That’s our issue to deal with, not yours. We are contractually obliged to sell the property and make payments. If the worst case happens and we cannot sell for more than the agreed price then we will sell at a loss to recover the funds from the sale proceeds. Our strategy is clear, we buy the property at the right price and sell for a profit. If we don’t then we absorb this loss as part of our business model. We cannot ask for the money back and there are no options for us to attempt to recover the money for any reason.
Yes we can but typically it fits better for vendors with a mortgage ranging from 50% to 90% of the value of the property. Because we measure on return on capital the more we outlay the lower the offer so typically this is the range that suits vendors best.
Yes we can. We can offer you a part upfront payment with a fixed balancing payment on completion of the sale. For example we can offer up to 30% of the offer now and whatever balance is due less the charges on the property will be paid upon sale completion. This is less popular but will suit vendors who do not need all the money immediately and allows them to receive more.
Not one whatsoever. There are no additional management charges for this service. The offers, like cash offers are fee free and included in the quote. No charges for RICs or legal’s.
“NPT to me ticked all the boxes…Without the help of NPT the house would probably be still unsold”
Mr A Pattinson, Washington, Tyne and Wear
“We first heard of NPT when we did a search on the internet to see if there were any companies that bought houses from you. We couldn’t face selling our house with an estate agent …”
Mr & Mrs Williams, 4 Hearne Close
“Renovating wasn’t an option for me….. my property had been vacant for some time and I couldn’t sell my house because it hadn’t been decorated for many years….. I had the money in my account within 3 months”
“I didn’t have any idea how to go about refurbishing my house, so NPT offered to do it for me….. I also received 100% of the value of my property which I was happy with because it was in bad condition”
Ms Lyons, Portsmouth
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