How much is a property worth? It’s a big question with one very simple answer, it’s worth what someone will pay for it. Of course that’s not a particularly useful answer when it comes to buying and selling property but in the end valuing a property is really all about figuring out how much you can possibly get from a buyer on the open market.

A house being repossessed is never a good thing, but unfortunately it happens quite often. In cases where the home owner misses payments and can’t then keep up with the financial burden the mortgage lender will then start repossession proceedings. If you are in a similar position read our guide on how to stop repossession.

Key takeaways:

Can you sell a house with negative equity?

If you are in negative equity, you won’t be able to sell the property without permission from your lender. As your property is worth less than the amount left to pay on the mortgage, the lender would not receive all of the money they’re due.

Is it possible for your lender to agree to a sale?

It may be possible for your lender to transfer the remaining mortgage on your property onto a new mortgage for a different property. This would mean higher payments or a longer mortgage term.

Is there anything I can do about negative equity?

It may be possible to restructure your mortgage or extend the term. Taking out a loan to cover the shortfall could be an option, but this will come with its own repayments on top of the mortgage you already have.

When it comes to purchasing property in the United Kingdom, one of the key decisions you’ll face is whether to opt for freehold or leasehold.  This choice can have significant implications for your property ownership and the long-term costs associated with it so it’s good to understand the difference between the two.  In this article, we’ll delve into the differences between freehold and leasehold, exploring the pros and cons of each option to help you make an informed decision.

Selling a property can be a demanding and intricate process. This article aims to simplify this task for you by providing a comprehensive checklist for selling your home that covers all the crucial aspects – from initial preparation and required documentation to understanding various fees. Here’s what you need to know:

Rental property is a popular investment option. It has guaranteed returns which are normally steady over time. Over the last few years however, new legislation and a turbulent property market has made it more of a difficult proposition.

This guide will help you decide when to sell a property with tenants (or a portfolio of tenanted properties), and give you all of the information you need to get through the process.

The property industry has a range of legal procedures and regulations, one of which is the conveyancing process. As industry experts we can attest that understanding the conveyancing process is essential for both buyers and sellers. This article seeks to inform you about what the process entails, the duration, and how it can be significantly reduced when selling to a cash buyer with no chain.

Selling a property portfolio can be a significant undertaking for any property investor, whether it’s for funding retirement or because it’s a good time to sell. This article aims to provide a comprehensive guide on the steps involved in selling a property portfolio in the UK, while addressing the different reasons that may drive such a decision. From preparation to completion, understanding the process is crucial for achieving a successful sale and maximising your returns.

Choosing the best month to sell a house could have a significant impact on achieving a quick sale.

When buying or selling a house in the UK, property chain fees can be a significant expense. In this article, we’ll break down the different types of property chain fees and when you can expect to have to pay them.