Property Classifieds UK

Some property buyers will steer away from purchasing a repossessed property, wary that it will come with problems and they could be caught out. However, other people focus on buying this type of property because it offers the opportunity of snapping up a bargain. Buying a repossessed property is not necessarily a bad thing; in many cases, it is more than likely that you will get a bargain. That said, there are pitfalls to look out for to ensure you get the property you hoped for. Our guide to buying a repossessed property will help you manage the whole process with ease.  First, let’s give you an overview of what we mean by a repossessed property, particularly if you haven’t heard the term before. It is a property that has been taken back by the lender, usually the mortgage provider because the owner of the property has defaulted on their repayments. For most lenders, this is the last resort, and in most cases, they will try to resolve the matter with the owners before it gets to ...

  Repossessed Property Properties are usually repossessed when an owner has defaulted on their mortgage and fallen into arrears, or the mortgage lender, who – as a result - applies to the courts for the issuing of a repossession order. This is usually followed by an eviction order. That’s how most repossession property enter the real estate market as property for sale. The sale of the property goes towards paying off the previous owner’s debts, and the lender is legally obliged to get the best possible price. In order to recoup their investment as quickly as possible, lenders will often price the property below market value to encourage a sale. The advantage of selling repossessed property at auction is that lenders can usually achieve a quick sale at a guaranteed minimum price. This is because the contract of sale at auction must be completed within 20 working days of the auction date. Homebuyers should be aware that the process of purchasing property at auction is quite ...

Whether you’re a property investor, developer or looking for your next home, finding the right property and negotiating a price is a time-consuming task. It's even more of a daunting project if you are moving to the UK from abroad and have to manage time differences. This has spurred on the growth of property sourcing agents who are able to source the right property and negotiate a good buying price on your behalf. Property sourcing individuals or agencies are usually good negotiators and if the aim is to buy a property at the best price possible, they can get the job done for you, particularly if you are a property investor or developer.  Let’s go into more detail about Property Sourcing and what it involves. Property sourcing agents, also known as property buying agents, do just that; they source potential properties on behalf of their clients looking for a property. Their role is to source potential properties, conduct an inspection – a viewing – of proposed properties to discus...

Propelled by the coronavirus pandemic, the number of property scams is rising. One type of scam has even been featured in ITV’s recent drama, Our House. Whilst many thought the storyline was a bit far-fetched, in reality it is happening far too often. One of the reasons being put forward for the recent increase - £4.5 million was paid out as compensation to property fraud victims by the Land Registry in 2020 – is the pandemic forcing more property sales online. So, let’s highlight the top 6 property scams in the UK to help avoid you becoming the next victim. Read More 

There’s a question we often ask ourselves – are we offering our customers the best we can as a property website? In some ways, it’s a constantly changing answer and sometimes dependent on market demand.  So, when we came to redesign our website, we set a series of benchmarks to determine what makes a good property website and the features it should be offering our customers. Digital marketing is changing the face of property websites The last couple of years has seen its ups and downs, although it certainly ended on a high in the property market. With the impact of Covid-19 lockdowns, there was a growing trend in buying, selling and investing in properties remotely. By that we mean, the power of photos, floorplans and compelling property tours in the form of videos were the drivers in decision making.  This, in turn, changed the face of the property website to the extent that more emphasis is now placed on the role of digital marketing. Whilst it can be a challenge to keep up...

Property fraud is on the rise; in 2020 alone, The Land Registry ended up paying £4.5 million – the second-highest figure on record – in compensation to people who were victims of property fraud.  Predominantly property title fraud, the potential of being caught out was highlighted by luxury developers, the Candy Brothers, when they believed they were purchasing a 47-acre estate in Sunninghill from four pensioners only to find that they weren’t the actual owners. The property was owned by a billionaire Saudi sheikh and Land Registry ended up paying more than £6.5 million in compensation.  So, what are the types of property fraud and scams? How can you spot them and avoid becoming a victim? Types of property fraud and scams Awareness of property fraud and scams has increased in recent years. However, this type of fraud comes in various disguises and can involve buyers, sellers and the legal profession. Some of the types include: READ MORE

As spring and summer approaches and the sunny weather is with us, people start to think more seriously about moving house. Traditionally, March is the time when the property market starts to get busy and it’s no different in Norwich.    Property for sale in Norwich and demand for properties starts to increase as homeowners look to put their house on the market. Despite the end of the Stamp Duty Holiday, mortgage interest rates going up and rising property prices, people are still looking to upsize or downsize, relocate and first time buyers are wanting to get their ‘foot on the property ladder’.   It is predicted that property values will  increase by 3% to 5% in Norfolk  by the end of 2022, which is prompting people to move now rather than later in the year. But what’s the best way to list your property for sale?   How to list your property for sale?   If you’re in the position where you haven’t had to sell a property, it can be quite a daunting task....