Bungalow in Brixham Purchased in 14 Days
|Property Type||Condition||Reason For Sale||Completion|
|Bungalow||Excellent Condition||Threat of Repossession||14 Days|
The selling client was a Brixham in Devon self-build developer. The property was effectively finished but it lacked NHBC warranty or any form of completion certification along with not being signed off by Building Control.
The property was also accessed through some derelict commercial property, lock up garages.
The property had been on the market unsold for 3 years since being built with local Brixham agents at an over valued unrealistic asking price and sales constantly fell through, due to the warranty issues.
Question: 6.7.1. What new home warranty schemes are acceptable to the lender?
Lenders will not lend without building warranties. The Council of Mortgage lenders handbook question 6.7.1 shows acceptable warranties
365 Property Buyer stepped in and made a quick cash offer and completed the purchase in just 14 days.
Sell Your Brixham Property Quickly
We are a UK Property Buying Company that purchases property quickly, we also make the process of selling your home to 365 Property Buyer very straightforward & our current average completion time for any type of property (not just Bungalow's) is 15 days.