Repossessed Houses for Sale in England

In our last post we looked at finding repossessed houses for sale via property auctions; we also touched on the fact that the internet has widened the scope for finding repossessed properties in England. Its a sad reality of life that recession is a time for winners and losers, which means that the repossessed property market is burgeoning; consequently so is the market sector that purports to deal with them.  In this article we’ll take a look at two of the specialist websites that have sprung up in response to the current economic climate.

Property Earth is a website that specialises in chain free properties sourced from a variety of markets that include unsold builders’ stock as well as lender repossessions.  At the time of writing their site features properties from the far south west of England up to Inverness; they also have properties in Northern Ireland.  To receive regular updates on available properties you simply need to register for email alerts.

Whitehot Property has, in collaboration with their parent company, movewithus, established relationships with builders and lenders that allows them to sell repossessed, probate, and part-exchange properties directly.  They are, if you like, the middleman.  To find properties in your desired area you simply enter the postcode and,  once again, registration for regular updates is a simple process.

Its important to note that neither of the above companies make a charge – you sign up and you get alerts, then its up to you what you do with that information.  There are other sites out there but beware many of them make a monthly or annual charge for the information.  If you are seriously into property redevelopment then perhaps it would make sense to pay for these services but for the average man in the street why pay when there is no need to?

The very simple truth is that the internet is a superb tool for finding any type of property, you just need to keep your wits about you when searching.  If somebody asks for money upfront, be wary.

Finally, don’t forget your local newspapers and estate agents!  Estate agents don’t always advertise the fact that they have repossessed properties on their books, so its worth phoning to ask.  As for local property auctions – they are rarely widely advertised, so it pays to look closely at the small ads in the property section of your local paper.

Whatever you do and however you find your property, we urge you not to neglect the ‘pre-flight’ checklist outlined for you in our article Buying a Repossessed House at Auction.