What we buy
The majority of properties that we purchase have fallen into probate or are in poor condition. The list below indicates the six main types of FastUKHomeBuyer’s acquisitions.
Unmodernised propertyUnmodernised property are properties that require refurbishment, that have become dated or worn over time or generally in very poor condition.
Probate property are properties that form part of a deceased Estate and where the appointed Executor or Administrator’s will require the property to be sold.
In 1993 the Land Registry went digital and the need for paper copy title and deeds became obsolete. Older version title deeds can still be used until the property is either sold or updated on to the register. In some instances where deeds can no longer be found, one needs to be able to prove ownership to the land registry which can be a tedious process.
Short leases are formed when the existing long lease has run down to a level under 82 years which requires payment of a marriage value to the Freeholder. It can become expensive to extend a lease depending on the remaining years, amount of ground rent payable and location of the property. Surveyors use a specific formula to calculate the value and therefore the process to extend can be time consuming.
When a property has been empty and unoccupied for in excess of 2 years. The longer they are empty the more they deteriorate and require a programme of works and repairs.
When a property is in such poor condition that it is simply uninhabitable.
Not all properties we purchase have issues. For example, sometimes it’s as simple as a seller wanting to sell the property quickly, having been let down previously through changing market conditions. In addition, lenders can make it difficult for buyers or the property is only suitable for a cash buyer.
This is who we buy properties from
or who we work with professionally
FastUKHomeBuyer also buys commercial property
As a business we believe in being honest. The reality is that certain properties may sell for more on the open market, but not all properties are suitable for the open market and not all sellers want the hassle and delays which can be common place.
- Freehold retail propositions throughout the UK
- Lots from £50k – £3m
- Income producing investments with national covenants preferred
- Single lots, parades or portfolios
- Short to medium-term re-gear opportunities
- Vacant properties with high letting potential
- Retail development opportunities.