Problems Selling Their House Is Stopping Brits Emigrating & Moving Abroad
June 11, 2007 (PRLEAP.COM) Business NewsOver 75 per cent of Brits dream about moving abroad, but selling their home in the UK first is the one thing holding them back, according to new research from UK-wide property purchase company A Quick Sale¹.
A life of sun, sea, sand and super cheap property is enough to tempt many UK homeowners away from Old Blighty, but, in reality, one in three (33 per cent) feel they could only consider it if they were more financially stable.
For almost one in five (19 per cent), living on the continent is something they feel they could only consider at retirement. Likewise, 10 per cent would prefer to pay off their UK mortgage before taking on an additional one in a new country, seeing two mortgages as an obstacle in their pursuit for happiness.
Richard Watters, managing director of A Quick Sale, comments: “We are seeing more and more UK homeowners keen to make the move abroad, but it seems selling their property here first, is the one thing preventing their dream from becoming a reality.”
A Quick Sale also spoke to UK expatriates who have already made the move overseas to find out how they found the selling and buying abroad process².
When relocating, more than one in four (27 per cent) felt the biggest issue was selling their UK-based property. Almost a quarter (24 per cent) remembered that their biggest worry when moving abroad was having to pay a mortgage on their UK home and one on their new overseas property too.
One in five (19 per cent) expatriates found the process of selling their home in the UK took so long and was filled with so many issues and problems that, in the end, they had to reduce their asking price in order for the move to happen.
Richard continues: “Selling property on the open market is renowned for its delays and glitches. For people looking to move in a hurry, this can be even more of an issue.
“However, A Quick Sale can provide a range of fast and effective solutions for people looking to achieve a quick, hassle-free sale and emigrate abroad.”
Making the sale
For those looking to sell up and move on as soon as possible, A Quick Sale can make a ‘trade offer’ for a person’s home - which is usually 75% - 90% of the open-market value - and in return, offer a rapid, professional and trusted service to release equity with no added costs or fees.
In addition, there are no hidden charges - no survey fees are charged and the company will pay for solicitor’s fees – leaving more cash for the new home search abroad.
Sell-up but keep a base in the UK
Many people move abroad for work purposes and, while they often want to buy a home in the place where they are working, a lot of people like to keep somewhere at home in the UK for when they return.
A Quick Sale can buy the UK home in order to release equity to purchase abroad but can then rent out the property for the duration the homeowner is out of the country. When the homeowner decides to return to the UK, they then have the option to buy back their original home at a pre-agreed price.
For more information on how A Quick Sale can help you achieve a speedy sale and make the dream of moving abroad become a reality, contact 0800 32 88 239 or visit www.a-quick-sale.co.uk .
¹ Survey conducted by TNS (April 2007) using a nationally representative sample of 1,002 adults
² Survey conducted by ExpatNetwork (www.expatnetwork.com) of 100 expatriates.
Notes to Editors:
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A Quick Sale
A Quick Sale is a property investment company launched in October 2003, which offers an open and honest solution to people needing to sell their houses quickly. Having successfully franchised since 2004, A Quick Sale is now the UK’s leading property buyer. With offices throughout England, Scotland, Wales and Northern Ireland, A Quick Sales offers tailor-made solutions to buy houses direct from the vendor offering a ‘trade offer’ for a person’s home, which is usually 75% - 90% of the open-market value. In return, they provide a rapid, professional and trusted service to release equity with no added costs or fees.