Frequently Asked Questions

Which areas of the UK do HomeBuyingNetwork.co.uk cover?
We cover England, Scotland and Wales only.

What will my monthly rental amount be?
Your monthly rental figure will be inline with average rents in your area for similar properties to yours.

Will you pay my legal costs?
Your legal costs will be paid to the value of £500. We will be able to let you know whether your costs can be paid once we have viewed your property. The £500 contribution will be paid upon completion of the sale to your solicitors.

How does your offer compare to the prices quoted by an estate agent?
The price we offer depends on a number of factors such as the type and location of the property. We usually offer around 70-85% of the confirmed market value, which may not be what an Estate Agent has quoted you as an initial asking price. Asking prices and actual sales prices are often somewhat different!
You're more likely to achieve a higher price on the open market but there are no guarantees of when the sale will complete, plus you'll still have to pay additional costs such as estate agency fees (typically 1.5% + VAT) and mortgage payments in the meantime. More importantly we also help you to find a solution beyond the sale of your property, including the option to buy your property back within a given period of time at a set price.

How long does the process take?
Freehold properties usually take a lot less time to purchase due to the fact that management companies don't have to be served with legal papers. However, if all legal enquiries are in place we can exchange and complete within a few weeks. We can exchange very quickly if needed, subject to legal paperwork being in order.

How quickly will I receive the money?
As soon as we have completed on the purchase of your home your solicitor will release the money to you.

I don't have a solicitor?
No problem. We have tried and tested independent solicitors to act on your behalf. To make the purchase even smoother and quicker we encourage you to use our independent solicitors as they know exactly what you and we require. We will pay your solicitors fees up to £500 on completion.

If we are being repossessed and we have chosen to sell to you, do we need to tell the lender who is repossessing us?
You don't have to do a thing. The solicitor acting on your behalf will talk to them and arrange for their loan to be paid upon completion of the sale.

Do I have to accept the offer straight away?
No, you are under no obligation to accept our offer straight away. However, if several months go by since we offered on your property, we will have to repeat our searches on the current market situation and property prices in your area.

What type of property do we buy?
We buy all types of property including:

  • Flats (both converted and purpose built).
  • Maisonettes.
  • Terraced houses.
  • Bungalows/chalets.
  • Semi-detached houses.
  • Detached houses.
  • Properties with sitting tenants.
  • Ex-Local Authority properties.


Does the property need to be in good condition?
No, but it must be in a mortgageable condition with at least bathroom and kitchen.

Who will maintain my property after I have sold and rented back?
As the property is no longer in your name, the buyer would be responsible for ongoing maintenance costs.

Who is responsible for council tax and utility bills after I have sold and rented back?
You will be responsible for ongoing council tax and utility bills.

Will my estate agent mind if I sell direct to you?
You will need to check your contract with the estate agent(s) to see how long you are tied to them for. Obviously they won't be very happy about losing their commission, but your achieving a quick sale is far more important. Please seek legal help from the likes of the Citizens Advice Bureau if you are unsure of the estate agents agreement regarding tie-ins and giving notice.

Please fill in in our online form on the right of this page for your FREE online valuation and no-obligation cash offer. We will then contact you to discuss your requirements.