Falling behind on mortgage payments can leave you unsure what to do next. You may be trying to catch up, discussing a repayment arrangement or considering whether selling the property would help.
SellHouseFaster makes cash offers for homes across Greater Manchester. We’ll review your property details and explain our offer. If you decide to proceed, a direct buyer purchases the property through the legal sale process. Whether a sale is possible before your deadline depends on the buyer’s checks, the legal work and your lender’s position.
Keep speaking to your lender and get independent advice
Requesting an offer does not pause possession proceedings or change a court deadline. If you have received written notice that possession is being sought, free advice is available through the Housing Loss Prevention Advice Service, regardless of your financial circumstances. Find a housing legal adviser
- 24 hoursTo receive an offer after sharing your property details
- Free offerNo obligation to accept
- Legal costs coveredSeller’s conveyancing fees and disbursements on completion
- Share your deadlineSo the available time can be assessed
Behind on your mortgage payments?
You do not need to wait for a court letter to seek help. Contact your lender as soon as payments become difficult and ask an independent debt adviser to help you compare your options. Selling may be one option, but it is important to understand what it would leave you with.
Understand the amount you owe
Ask your lender for an up-to-date balance, including arrears and any charges. Your solicitor will need the lender’s repayment requirements before a sale can complete.
Discuss ways to keep your home
Your lender may be able to discuss a repayment arrangement or changes to your mortgage. An independent adviser can help you understand the affordability and longer-term effect of the options available.
Compare a sale with your other options
A cash offer gives you a price to consider alongside the mortgage balance, other secured debts and moving costs. A sale only clears those debts if the proceeds are sufficient or an alternative arrangement is agreed.
Tell us about notices and deadlines
If you have a hearing date, possession order or eviction date, mention it when you enquire. Seek legal advice promptly and continue following any court instructions while a potential sale is assessed.
What a cash offer can help you assess
- A price within 24 hours. We’ll review your property details and explain the offer and any conditions.
- Whether the figures work. Compare the offer with the mortgage, secured debts and charges that need to be addressed.
- Whether the timing looks achievable. Share your deadline early so the buyer and solicitors can assess the work required.
- The property’s current condition. Tell us about repairs or other known issues so they can be considered from the start.
- An option without commitment. Requesting an offer does not oblige you to sell.
- Seller’s sale legal costs covered. On a completed sale, we cover your solicitor or conveyancer’s fees and disbursements. We do not charge a selling fee.
Consider the amount left after the sale
A cash offer may be lower than the price achievable on the open market. Compare the likely proceeds and timing of each route. If the sale price is below the amount owed, the shortfall needs to be addressed with your lender and advisers before proceeding.
How the offer and sale process works
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Step 1Share the property details and your deadlineComplete the short enquiry form or call 0161 806 1235. Tell us about the property’s condition and any lender or court dates.
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Step 2Receive your offer within 24 hoursWe’ll review the details and make a cash offer. We’ll explain its conditions and the information needed to assess the next steps.
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Step 3Check whether a sale can proceedIf you want to take the offer further, the direct buyer and solicitors carry out the necessary checks. Your solicitor confirms the mortgage repayment requirements, any other charges and whether lender agreement is needed.
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Step 4Complete once the requirements are metCompletion takes place on an agreed date when the buyer and legal process are ready. Your solicitor uses the proceeds to deal with the mortgage and secured charges as required. Any remaining balance is paid to you.
