Matrimonial Difficulties
Divorce
Getting divorced or separating from a partner can be more stressful when sharing ownership of a property, especially when you both decide to go your separate ways. At Quick Purchase we believe that by selling property quickly, eases the pressure, therefore enabling the separation or the divorce to go through quickly with out the tension or stress of you trying to sell the conventional way. When selling to Quick Purchase, giving you a fast property sale of your property, you and your ex partner are able to split the proceeds a lot quicker enabling you both to move on with your lives.
If you find yourself in a situation and you need to sell your property fast, we can help. This means when you and your partner file for your divorce or separation, you can go to see your solicitors with a offer of sale in you hand from quick purchase, enabling you both have less hassle and hopefully less arguing over your biggest joint asset. We know from our clients, that it is stressful trying to move your live forward, when you are having to wait for a conventional property sale, which can take six months or more and throughout this time frame you will probably be arguing over who is paying the mortgage, who is living where or possible still living together. Most of our clients have always been able to keep and hold a better relationship with there ex-partners because they did not drag themselves trough a timely and costly divorce. Believe there is a smoother option and yes you both get a little less financially but you both move forward immediately.
We are sure you are aware, getting a divorce can be very expensive and the main reason why it is so expensive is because most things take a long time such as selling a house. The BBC confirmed that the average cost of ending a marriage through the British courts is about £13,000 per divorce. That’s why it’s so important to keep your divorce simple and straight forward. Have a plan before you see your solicitors, because it can help to keep cost considerably lower. Did you also know that there were more than 150,000 divorces in the UK last year!
If the property is not going to be sold immediately, then you will both have to make arrangements so that you continue your mortgage payments on your home, even if either party vacated the property. Alternatively you may make arrangements to buy out your ex partner from the property. There are a lot of people that will genuinely be unable to keep up these repayments once they have taken on such a large debt, after buying their partner out because there is now only one income, it can sometimes even reach the point of the property being repossessed.
There is another solution available in this situation which is the Quick Purchase, “Sell and rent back” option, which enables you to get a quick sale and rent back your home with no high mortgage payments. This option give both parties Equity Release from the property and one of you gets to remain in your home for as long as you wish, paying local market rent. If you then get back on your feet financially you can enquire about purchasing the property back from Quick Purchase with a 5% deposit paid towards the purchase of the property.
Laws that regulate, divorce or separation makes selling a property tough which is jointly owned by two parties. The best way of approaching such a major problem and getting rid of such complications is, by agreeing on a mutual settlement outside the court and away from those brutal divorce solicitors.
If you would like any further information about divorce and separation or would like to speak with us about:-
then please contact us or apply on line
