Sell Quick Ltd Adds Voice To Concerns Over Unregulated Sale And Rent Back Companies

Despite the Financial Services Authority regulations which were introduced on 1 July this year, distressed homeowners are still falling foul of unscrupulous sale and rent back companies. Sell Quick Ltd, one of the UK’s largest and most established property buyers, has added its voice to the continuing concern raised by the likes of housing charity Shelter, that unregulated firms are still operating.

(PRWeb UK/PRWEB ) November 11, 2009 -- With an anticipated 65,000 homes expected to be repossessed this year and a great many more homeowners finding themselves in financial difficulties, there is no let-up in the numbers of people looking for solutions to mortgage arrears and debt problems. According to Shelter’s recent investigation, however, unfortunately for many the advertisements in national newspapers which offer sale and rent back services are being taken at face value, which means that desperate individuals are leaving themselves open to being fleeced by companies which are operating illegally.

The legal aspects of the sale and rent back market are not the only thing to concern Sell Quick Ltd, however. As a company which is founded on principles of integrity, honesty and the highest quality services to its customers, Sell Quick Ltd is troubled by the morality of offering, in some cases, extremely low purchase prices. Their own research reveals that clients in the sale and rent back market are currently being offered only between 50-65% of the market value of their properties, which in many cases is insufficient to see them out of financial difficulty. In addition to this, the amounts that sale and rent back clients are being asked to pay in rent could be set to increase as limited mortgage availability begins to push up the rental market value.

Although previously being well-established in the sale and rent back field themselves, Sell Quick Ltd have deliberately chosen to withdraw their services in this area. Whilst this might seem like an odd move for a company which has a steady stream of potential clients for this particular market, the firm’s dedication to the needs of its customers is what comes first and foremost. It is their belief that their option to quickly achieve 90-100% of market value far more adequately serves the requirements and alleviates the distress of financially-hit homeowners.

In an economic environment which is clearly ripe for more unscrupulous property companies to thrive by taking advantage of those in unfortunate circumstances, Sell Quick Ltd is urging anybody who is thinking about selling their property to do their research carefully. Whether it is their own company or services which are being considered or anybody else’s, Sell Quick’s message is that home sellers should take great care to ensure that the home buyer they are dealing with is a reputable one and that the option they choose is truly the best one to suit their short and longer-term needs – a sentiment which can only be echoed.

For further information, please contact a Sell Quick spokesperson on 0845 434 93 12

Notes to Editors:

Sell Quick Ltd is a nationwide property buying company that specialises is buying properties quickly.

Sell Quick operates throughout the UK and currently offer a solution where the seller can quickly achieve 90-100% of their property's full market value.

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