Ads can also be found on Gumtree and dozens of "We Buy Houses"
websites and blogs, many of which promise vendors they can sell "for
cash" and for buyers that "we give homes to those the banks don't."
But
the deals actually involve complex "vendor finance" agreements where a
buyer agrees to move into a house and make regular payments until the
agreed purchase price is paid off or they are able to secure a home loan
to repay the vendor in full.
We Buy Houses scheme in spotlight
websites and blogs, many of which promise vendors they can sell "for
cash" and for buyers that "we give homes to those the banks don't."
But
the deals actually involve complex "vendor finance" agreements where a
buyer agrees to move into a house and make regular payments until the
agreed purchase price is paid off or they are able to secure a home loan
to repay the vendor in full.
We Buy Houses scheme in spotlight
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
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