The Structural Integrity of the Property
Mortgage lenders will always do their due diligence before granting a mortgage application. Not only does this involve examining the finances of the buyer, whether they are cash buyers only or not, but the state of the property that they intend to purchase.
If the vendor is aware that the structural integrity of the property is questionable, they may request that cash buyers only make offers. Mortgage companies may refuse to grant a loan to buyers, it they feel that the property doesn't represent a safe investment on their part.
This, most often, becomes a factor with property developers who intend to completely renovate and restore the property they are buying. Cash buyers only should remember that before they commit to purchasing a property, they should ask a surveyor to examine the entire property, including the roof, before committing to a purchase.
Springbok Properties agree the sales of three of every four homes listed in under 8 weeks. We proactively market homes to our network of cash buyers only across the UK to secure that quick and hassle-free sale. To find out our current listings across the UK, contact us TODAY on: 0800 068 4015.