Customer Defaulted - Creditors Pressing

Mr Harris of Worsley was in business for himself as a self-employed carpet fitter and also arranged the supply of the carpets to his customers. A major customer defaulted, leaving Mr Harris with a significant debt, which was severely hampering his ability to continue his business. We bought his property in a £110,000 cash sale, which after settling his mortgage left him with £50,000 to pay off his creditors and restart his business. We rented the property to Mr Harris with an option for him to buy back the property at a later date. The whole process was handled quietly and discreetly and at his request without the knowledge of his family.

Unable to Work

Mr Smith of Hereford was the victim of an unprovoked criminal attack and had suffered brain damage leading to short-term memory loss. He had consequently lost his job and was unable to cope with his family situation. A full 12 months had passed and Mr Smith had not started to pursue legal compensation for his injuries. We introduced him to a solicitor who immediately commenced criminal injury proceedings. Mr Smith sold his house to us with a rent back arrangement and with an option to buy it back at a later date. We kept Mr Smith regularly updated, and because of his memory problem constantly reassured Mr Smith on progress.

Beset with Debts and No Obvious Way Out

Mr R of Morpeth had a small house but was beset with credit card debt, which was making his life a misery. He decided to sell his house and pay off his debts but the house required structural repairs that were off-putting even for professional investors. He happily sold the house to us for £42,500 and paid off his debts.

Ring us now on Freephone 08000 12 14 16 – and put yourself back in control with Options4Property.