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Assisted Sale
roach81
Posts: 2 Newbie
Has anyone had any experience of a bank assisted sale?
We have both physical & financial problems with our property, we are in negative equity and we have not managed to sell on the open market. I have spoken to my lender (HSBC) and they have offered me an 'assisted sale' through a company called movewithus.
The service sounds great; a quick sale within six weeks, the bank will help with costs, and they will lend us the shortfall on completion, and have even said they may consider writing off some of the debt. All this without affecting our credit rating...
Sounds too good to be true...what is the catch?
We have both physical & financial problems with our property, we are in negative equity and we have not managed to sell on the open market. I have spoken to my lender (HSBC) and they have offered me an 'assisted sale' through a company called movewithus.
The service sounds great; a quick sale within six weeks, the bank will help with costs, and they will lend us the shortfall on completion, and have even said they may consider writing off some of the debt. All this without affecting our credit rating...
Sounds too good to be true...what is the catch?
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