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The sale of property by Private Treaty is the most common form of property transaction, and involves a binding and private contract for sale between one party and another.
So, below we explain and define a Private Treaty Sale, and take a more detailed look at property sales by Private Treaty along with how we can assist with a Mortgage, even in the trickiest of circumstances!
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So, just exactly what is Private Treaty and what does 'sell by Private Treaty' mean?
Well, a property sale conducted via Private Treaty is the most common form of property transaction that most homeowners will engage in at some time or another in their home-owning lives. It involves a binding contract for sale between one party and another.
An Estate Agent is usually appointed to manage the disposal of the property, and is responsible for devising a marketing strategy within a budget set by the vendor (seller) at the outset of the agreement.
Property sales by private treaty provides the vendor with considerably more control over the sale process, and the terms and conditions of sale, than if the property had been disposed of by sale at a property auction.
Similarly, a private treaty sale, unlike a sale by auction, will not generally impose restrictions on the amount of time it takes the parties to negotiate a mutually acceptable price and conditions of sale before contracts are exchanged.
So, to summarise, a sale by Private Treaty, is the method of sale on privately negotiated terms. Because the sale is private and negotiated, it will therefore exclude a sale by public auction.
Yes, not a problem!
Here at Shire Direct our mortgage advisors are available to discuss the options open to you seven days a week from 8am until 10pm on FREEPHONE 08000 282 281. Alternatively why not enquire online at any time. Naturally, we'll carefully assess your circumstances, needs, requirements and aspirations and come up with the most appropriate solution for you.
You'll find our service to be friendly yet professional, helpful and unstuffy. Don't believe us? Why not read a sample of the many glowing customer testimonials we receive on a daily basis! So, please don't hesitate to Contact Us if you would like to discuss your requirements, naturally without any obligation! We assure you of a warm welcome and will be delighted to provide you with an in-principle decision - whatever your circumstances.
Hopefully we've shed some light on Private Treaty sales and what they entail, and how we can assist when it comes to a mortgage. Don't forget there is a wealth of mortgage related information throughout this website, and remember that we're only ever a couple of mouse clicks or a free telephone call away should you feel we may be able to help you. We'd love to hear from you!
The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
Are you worried and becoming stressed because you are having problems getting a mortgage or remortgage? Worry and stress no more! Here at Shire Direct we provide tailor made mortgage solutions to suit you, and can usually help with all kinds of circumstances including...
Remember, we're here to help, and would love to hear from you!
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Authorised and regulated by the Financial Services Authority in respect of regulated mortgage products and general insurances.
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