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Can I Value My Home Accurately?

You don’t have to hire an estate agent to sell a house in the UK. But remember: a local agent brings an array of skills to the table — including experience in valuing homes.

Are you asking yourself “can I value my home accurately”? You can certainly value your property with a degree of accuracy, but you’ll need to know what you’re doing.

We’ve broken down the steps to valuing homes in the UK. But bear in mind this isn’t an exact science. And even the most talented and experienced estate agents get it wrong from time to time.

Is the house in a good state of repair?

Most homes can be valued according to their location, size, facilities, number of rooms, floor space and nearby amenities. But all of this data could mean very little if the property in question is suffering from serious structural issues. Before you do anything else, establish if any of the following issues are present:

  • The quality of construction is low
  • There’s damage due to subsidence
  • There’s damage or warping on the roof
  • There’s visible structural degradation
  • The windows are in a state of disrepair

Value a home that needs repairs

Are the house’s facilities fit for purpose

Every home relies on power and water. And when these essentials are interrupted or disrupted in any way, the consequences on the property’s market value can be devastating. Among the most common issues to look for include:

  • Unusually high water and energy bills
  • A malfunctioning boiler or central heating system
  • Restricted access to cut-offs and stopcocks
  • Outdated wiring and gas piping
  • Badly heated rooms

Your property might be in a fantastic area in high demand among buyers. But if it’s afflicted by some of these issues, you’ll need to address them if you hope to maximise your home’s price potential.

Of course, you may not have the time, money, or inclination to update your property. You might simply want to find a willing buyer as quickly as possible. And that’s where Flying Homes can help.

We buy houses directly from buyers without fuss or delay. There are no negotiating on price, marketing, property viewings or protracted conveyancing issues to deal with. If you accept our offer, we take care of everything. And in many cases, we’re able to release funds within just four or five weeks of making an initial offer.

Research recent house sales

The internet has made valuing UK homes easier than ever. Using the Land Registry website, Zoopla and Rightmove, you can search for recent house sales in your area. You can even search for homes that are similar in size and style to your own. This gives you a clear idea of what people are prepared to pay.

Recent house sale prices affect the value of your home

But there are many variables at play, and it’s impossible to be wholly accurate with your valuations. For example, a similar home that sold recently may have had a slightly larger garden. Or it might have newly-fitted windows. Any information you glean from these sites will only ever give you a rough valuation.

Can I get a more accurate valuation?

The tips listed above are used by the vast majority of estate agents in the UK. The current condition of a property together with recent sales data (and maybe a little intuition) are the key components of any valuation process.

If you need something more accurate, however, there is an alternative. Approach a surveyor and ask for a “standard valuation”. They’ll use all the data available to you online, but they’ll cast an expert eye on structural issues, too.

Valuing a home isn’t rocket science, but doing it with a high degree of accuracy is very difficult. If you’d rather skip the traditional house selling process altogether, get in touch. At Flying Homes, we buy houses fast, directly from their buyers. We’ll make you a fair offer based on market conditions. And if you accept it, we’ll take care of the entire transaction.

Can I Sell a House with Asbestos?

While asbestos is widely regarded as a construction evil of the 20th century, it’s been around far longer than most people realise. Asbestos was, in fact, used by both the Roman and Persian Empires. The substance is a great insulator and fire-resistant. It also conducts electricity well.

This cost-effective material was used to provide safe and relatively cheap insulation in buildings for several decades. But when the link between asbestos and a degenerative respiratory condition was established, the substance became synonymous with ill health and life-threatening conditions.

Asbestos creates dust — both during the manufacturing process and when it’s disturbed. In this dust are tiny and very sharp shards. Then they get into the lungs these shards can cut and scar tissue relatively easily. And when that happens, diseases such as tuberculosis and fibrosis become more likely.

Following hundreds of thousands of asbestos-related deaths around the world, the substance was banned from construction during the 1970s and 1980s. But the sale of buildings containing asbestos remained legal. And to this day, you can still sell a house with asbestos. But whether you inherited the property or bought it several years ago, there are a few things you need to know.

Do I have to disclose the presence of asbestos when selling a house?

Asbestos in a roof

You must inform potential house buyers that your property contains asbestos. Of course, you may not know that the substance is present. But even the most basic of surveys will detect it.

If your home was built before 1978, there’s an excellent chance that it contains asbestos. Any surveyor or mortgage provider knows this, and they will look for the material before a house sale goes through.

It’s also worth bearing in mind that failing to detect the presence of asbestos could result in criminal proceedings against the surveyor. If there’s even the slightest possibility your home contains the material, expect surveyors to move heaven and earth to find it.

But a surveyor is only expected to detect asbestos by reasonable means. Asbestos used as insulation in a loft is easy to identify, for example. But authorities wouldn’t necessarily expect surveyors to find asbestos inside solid walls or in hidden areas.

Can I sell a house with asbestos?

Surveyors are rarely experts in asbestos. They know what to look for, but they aren’t usually qualified to assess the risk and manage the removal process. If asbestos is found in your home, you’ll have to enlist the services of a qualified professional.

One of the issues an asbestos expert will look for is the state of the asbestos. If it’s in a bad way, it poses a serious health risk. But if it’s intact, it won’t be regarded as a threat. Even if the asbestos is in good condition, you must still disclose its presence to anyone who wants to buy your home.

Selling houses with asbestos

Sell the house fast or deal with the issue first?

The decision on whether to purchase a home with undamaged asbestos is fully down to the buyer. If they want to proceed, that’s up to them — although they may expect a reduction in the sale price. If your home contains damaged asbestos, you’ll probably need to address the problem yourself. If you want to sell your house fast, however, you can. But you’ll be forced to accept a substantially reduced final sale price.

The removal of asbestos is a highly skilled and painstaking process. It requires special equipment, sophisticated precautionary measures and specialist knowledge. Expect to pay between £50 and £100 a square metre for removal of the substance. Even in an average-sized home, the final bill could be well in excess of £2,000.

Or maybe you just want to cut your losses and sell a house with asbestos as fast as possible. Flying Homes can buy your property as it is right now. This means that you can leave the problem of asbestos to someone else. We buy UK homes for up to 100 per cent of their market value. And in the right circumstances, you could have the proceeds of the sale in your bank account within just a month or so.

My Ex Has Stopped Paying the Mortgage — What Next?

A divorce is usually a stressful and emotional event — more so when it involves joint home ownership. If your ex has stopped paying the mortgage, it’s important to understand your legal position and your responsibilities.

We’ve put together a short guide on what to do when a joint homeowner neglects their financial obligations.

Who is liable when a partner stops paying the mortgage?

If your name is on the mortgage, you’re liable for the repayments — whether or not you’ve been responsible for them in the past. If your partner suddenly stops making payments and you fall into arrears, your credit rating will be affected. And you’ll be jointly liable for any interest charges and fees.

Couple managing the debt. Ex stopped paying the mortgage

I want to stay in the property

If you want to live in the property even though your partner has stopped making mortgage repayments, your options might be limited. Contact your lender to explain the situation. There may be the option of a payment holiday or reducing the monthly repayments somehow. As long as you’re honest and communicate regularly, your lender might respond to your requests favourably.

But this is only a short-term solution. Sooner or later, your mortgage company will demand monthly repayments in full — along with any arrears due. If you have a steady income, you have the option of taking on the mortgage repayments yourself. However, doing so without a legal agreement in place regarding ownership of the property doesn’t improve your claim to it.

The best course of action is to appoint a solicitor to deal with the issue of property ownership. If you’re determined to stay in the home, you have the option of making an offer for your ex’s share.

I want to leave the property

My ex has stopped paying the mortgage

If you can’t afford the repayments on your own, or you want to move on, you can sell the house. However, you’ll need the permission of your ex — even if they’ve stopped making repayments.

Sell your house fast, and split what’s left after the mortgage has been settled. But remember: you might have to pay an early settlement fee. And you’ll need to pay any arrears and penalty charges using the proceeds of the sale.

Exactly how the proceeds of a house sale are split depends on the circumstances of the divorce. You can either agree on percentages between you or go to court and leave the decision to a judge. If you’ve been paying the mortgage on your own for several months, you might feel you’re owed more than half the equity.

What happens to my home if we have children?

If dependent children under the age of 18 are involved, the process is a little different. In most cases, the primary caregiver will get the right to remain in the property until all of the children turn 18. A judge might decide this even if your spouse wants to sell the house. The court will usually force your partner to contribute to the mortgage during this time. Alternatively, you might be in a position to buy your partner’s share of the property outright.

Dealing with property ownership during a messy divorce is often complex and very stressful. If you’re determined to sell up and move on as quickly as possible, we can help. We buy houses fast — and for up to 100 per cent of their value.

5 Reasons Property Downsizing is a Great Idea

Downsizing involves selling a larger home to buy a smaller property to free up cash for retirement or other things. Whether you want to buy a second home or have more money in your pocket for leisure activities, trading down this way can change your life for the better.

While there are some drawbacks — including having less room to live — downsizing your home delivers several positive outcomes. Here are five of the most exciting.

1. Remove the clutter from your life

The more space we have, the more we tend to hoard. Many of us could quite easily move to a smaller property if we removed unwanted and unused possessions from our home.

Downsizing makes de-cluttering your live a necessity. You don’t have the space for all the items you’ve accumulated over the years, so you give them away or sell them. And that’s a very liberating experience. Having fewer possessions in your home means less cleaning — and less stress.

2. Generate cash

Downsizing property

If you can easily move to a smaller property, you have a great opportunity to generate cash for large purchases or lifestyle changes. If you have a lot of equity in your home, downsizing can free a lot of it up. And that’s money you can spend on holidays, the purchase of a car, putting your children through university or simply living a more fulfilling life.

You might want to pay off your debts and leave yourself with more disposable income every month. Unlock the value in your property by selling it, and use the cash to settle your loans, credit cards and hire purchase agreements.

3. Slash the cost of living

A large home is always more expensive to run than a small one. Take your energy bills, for example. A lot more gas is required to heat a four-bedroom house with large rooms than a one-bedroom apartment. And a lot more electricity is required to light the big spaces in the larger property.

Downsizing your home should result in lower maintenance and repair costs. And the cost of decorative works and renovations should be a lot lower, too. If all this isn’t impressive enough, you can also look forward to greatly reduced Council Tax bills.

4. A fresh start

Downsizing home for a new start

Living in a large home for several years doesn’t always give you the chance to create your personal space from scratch. You add to the property over many years. And then one day, you realise it’s nothing like the home you initially imagined.

Downsizing is an excellent opportunity to choose a home that suits your requirements. Perhaps your children have grown up and moved out. Or maybe you’ve decided to work from home now. It may be that your tastes have changed. Whatever the reason for downsizing, it’s a chance to start your life with a blank canvas.

5. Help the environment

If you own a large, older property, the chances are it’s not as environmentally friendly as it could be. And to make it so might cost several thousand pounds. But choose a smaller, new-build property, and those energy-saving features you want will probably be in place from day one.

A smaller home requires a lot less energy. And it’s built to modern standards of efficiency and energy preservation. You get to save a lot of money and reduce your own carbon footprint at the same time.

If you’re looking to downsize a home as quickly as possible, Flying Homes can help. We buy homes in the UK directly from owners, so you don’t need to waste time marketing, negotiating, and drawing-out legal processes.

What Happens to a Home When the Owner Dies Without a Will?

When a person dies without a Will, the process of bequeathing their assets can be complicated. The estate is divided based on rules of intestacy. In most cases, this means the closest living relatives to the deceased receive a proportion of the estate.

If a property owner in your family dies without a Will, you might have to take control of the process. We’ve put together a brief guide to the process involved to get you started.

Who can inherit property?

In the vast majority of cases, only close relatives of the deceased stand to inherit property from an intestate person. There are certain individuals who wouldn’t normally have an automatic right to inherit:

  • Partners who aren’t married or in a civil partnership
  • Carers
  • Friends
  • “In-laws” or relations through marriage

Why marriage is so important

What happens to a home when the owner dies without a Will?

In the UK, a spouse always takes priority in terms of inheritance. In fact, if you want your spouse or civil partner to receive everything when you pass away, you don’t need a Will. This is the legal default. Everything passes to a spouse if there isn’t a Will. And this rule applies if the partners were separated at the time of death.

Even children and grandchildren have no immediate right to inherit property from an intestate person. A legal process will decide where the assets should go. It might be the case that the estate is split up and shared between several close relatives if there isn’t a surviving spouse.

Property ownership

In the UK, couples buy property in two ways: joint tenancy and tenants in common. If the home of the deceased is co-owned with a spouse as a joint tenancy, the entire property automatically passes to the surviving spouse.

Tenants in common means each person owns a share of the property as if it were a separate entity. This means the deceased’s share won’t automatically transfer to the surviving partner. In most cases, the share would become another asset in the deceased’s estate. And it would be subject to inheritance tax if the total value of the estate exceeded HMRC’s threshold.

Do children automatically inherit intestate assets?

What happens to a home when the owner dies without a Will?

The simple answer is it depends. A child can inherit an estate if there’s no surviving spouse. If there’s a surviving parent, however, the child of the deceased would only inherit if the estate is worth more than £250,000.

If there’s more than one child, the estate would usually be split equally among all the siblings. When children inherit property after the passing of a parent, a court might order that the house is kept in trust until the children of the deceased become adults. After all, it might be a family home.

In most cases, children inherit property and assets if there are no surviving parents. And this includes adopted children, too. But the actual transfer of assets doesn’t usually happen until the beneficiary turns 18.

What if there are no living relatives?

If there are no living relatives at the time of the person’s death, the estate doesn’t pass to close friends or carers. The “bona vacantia” law states that the estate passes to the Crown. The government then decides what to do with the estate.

If you’ve inherited property, you might want to sell the house as quickly as possible. After all, you’re responsible for maintenance, council tax, mortgage repayments and any tenants in the property until the property changes hands. Flying Homes buys houses for up to 100% of their market value. And in many cases, completion occurs within a month of the initial offer.

How to Appeal Repossession of a House

The repossession of a house is often a devastating, life-changing event. While most repossession orders are avoidable, some are handed down by the courts erroneously.

Anyone who has their home repossessed has the right of appeal — on a range of grounds. Most successful appeals occur where the spectre of eviction was a factor. This is because the courts accept that people panic when their home is in jeopardy.

If you or your legal representative can demonstrate solid grounds for an appeal, there’s a reasonable chance of buying yourself more time.

Getting permission to appeal the repossession of a house

Appealing repossession of a house

An appeal is possible if you can demonstrate that the decision was incorrect, not fair or the result of procedural irregularities. You must have permission to appeal, however. The presiding judge grants this in most cases. But even if permission is initially refused, you have the option of asking a more senior judge.

The appeal process

You have 21 days from the date of the initial order to lodge an appeal. You’ll need to file the appeal at court, which requires the payment of a fee. Before you pay, however, ask the court if you qualify for fee exemption status.

You’ll be given a date for an appeal hearing. You or your legal representative will have to explain to a judge why you believe the repossession order should be reversed. The judge can decide on one of three options: order a new hearing, reverse the initial order or uphold the initial ruling.

Living in a rented home

If you rent your home and face eviction, the process is different. Nevertheless, you may be able to appeal an eviction order if you can demonstrate that your landlord didn’t follow the correct procedures.

Eviction from a home

Unfortunately, reversing an eviction notice as a tenant is very difficult in England and Wales. Your appeal won’t be possible under the following circumstances:

  • The landlord used a mandatory reason for eviction under an assured tenancy
  • The landlord used the “section 21” procedure to evict under an assured shorthold
  • You’re a council tenant, and you have a demoted or introductory tenancy
  • You’re living in halls of residence as a student

The court can grant a possession order to a landlord who makes an application to the court. If granted, the court sets a date by which you have to vacate the property. If you fail to leave by that date, bailiffs can be sent to remove you forcibly.

Appealing possession orders

You might be able to apply to the court for a change to the house repossession order. This might be possible if certain procedures weren’t followed during the eviction process. A judge may agree to postpone or suspend the date of possession while further negotiations or investigations occur. You may also get extra time to leave.

If you’re fighting repossession, selling your house fast might be the best option. At least this way you can move on without the event tarnishing your credit record. Flying Homes can buy homes in a matter of days — helping you to stop the repossession process before it reaches court.

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