Sell My House With Subsidence
Sell with subsidence and avoid costly repairs and lengthy delays.
Selling a house with subsidence can feel like an uphill battle. Many buyers on the open market will walk away the moment it’s mentioned, and those who don’t are likely to use it as leverage to drive your asking price down dramatically.
At Sell House Fast, we take a different approach. As one of the UK’s leading cash house buying companies, we buy properties in any condition, including those affected by subsidence. If you’re interested in a fair, quick, and stress-free cash sale of your property, request a cash offer today, and we will be in touch within 24 hours with our no-obligation cash offer.
If you are after a quick and stress-free sale, we can help you sell your property in as little as 7 days, regardless of the condition that it’s currently in. To find out what we’ll offer for your property with subsidence, get a free cash offer today or give our team a call on 0800 368 4757.
How Subsidence Affects the Value of Your Property
Subsidence is one of the biggest red flags that can affect the willingness of potential buyers to move forward with the purchase of a property and the price they’re prepared to pay for it. This is almost always true, even for properties where the subsidence has been addressed and monitored, as the mere history of it is often enough to make buyers and mortgage lenders cautious.
The extent of the impact subsidence can have on the value of your property will depend on a couple of factors. They include the severity of the subsidence, whether any remediation work has been carried out, and how much structural damage has occurred as a result.
In more serious cases, the price of a property is not only greatly affected, but achieving a sale on the open market can feel near impossible. That’s why many property owners dealing with subsidence turn to cash house buying companies like ours. So, if you’re on the lookout for a reputable cash buyer for a house with subsidence, get a free cash offer today.
Can You Sell a House With Subsidence on the Open Market?
There is no law that can prevent you from selling a house with subsidence on the open market, so in theory, you can. In practice, however, it is a much harder and more drawn-out process compared to selling a standard house without structural issues.
Once subsidence is disclosed, many prospective buyers on the open market will walk away. Those who do remain will often expect a significant reduction in your asking price to account for the risk and the potential cost of repairs. Selling on the open market is possible, but for most property owners affected by subsidence, it is a very slow, uncertain, and frustrating process.
Why Mortgage Lenders Are Reluctant to Lend on Homes With Subsidence
Mortgage lenders view properties with subsidence as higher risk than standard homes, and it’s easy to see why. If a borrower were to default on their mortgage, the lender would need to sell the property to recover the outstanding debt. And since a property with subsidence is harder to sell and is likely to achieve a lower price, recouping the full amount owed becomes more challenging.
As a result, many high street lenders will either decline to offer a mortgage on a property with subsidence altogether, or they will only agree to lend under certain conditions, such as evidence that the subsidence has been professionally treated and resolved.
This is one of the main reasons why selling to a cash buyer like Sell House Fast is often the most practical option for homeowners with subsidence. We will not only guarantee the sale of your property, but will buy it in cash using our own funds. Without a mortgage lender in the equation, we make the sale process quick, smooth, and stress-free.
Do You Need to Fix Subsidence Before Selling Your House?
You aren’t legally required to fix subsidence before you sell your house. Whether it makes financial sense to carry out any repairs before selling your property is something you need to consider and decide for yourself.
Do note that significant structural damage can cost tens of thousands of pounds to fix, and even then, buyers and lenders would still proceed with caution. That’s why most property owners affected by subsidence sell their house as it is and let the buyer deal with the issue instead.
What Documentation Do You Need When Selling a House With Subsidence?
The exact documentation and paperwork you will need when selling a house with subsidence in the UK will depend on the specifics of your situation. Based on our experience selling properties with subsidence, some of the most common documents needed include:
- Building insurance documents
- Structural engineer’s reports
- Monitoring records
- Remediation certificates
- Drainage surveys
When you sell a property with subsidence through us, we will guide you through everything you need to provide as part of the sale process. So, don’t worry if you don’t quite understand or know what will be required from a documentation standpoint.
How Sell House Fast Buys Properties Affected by Subsidence
At Sell House Fast, we buy properties affected by subsidence on a regular basis. Since we use our own capital and don’t rely on external funding, we not only guarantee the sale of your property, but the entire process can be completed quickly and without any delay. Here is what you can expect should you decide to sell your house with structural problems through us:
- You provide us with all the details and request a free, no-obligation cash offer
- We give you a call back with our cash offer within 24 hours
- You consider our cash offer and decide if you want to sell
- If you want to move forward with the sale, an agreement will be signed
- We carry out a comprehensive condition report of your property
- The report is sent for an independent valuation, and the sale price is confirmed
- We instruct our legal team to prepare for the transfer of the property
- A structural survey is carried out to make sure nothing was missed in the report
- We finalise the sale, transfer ownership, and send the funds to your bank account
FAQs About Selling a House With Subsidence
Need more information? Our team is available on 0800 368 4757. You can also find answers to the most common questions below.
Can I sell my house if it has subsidence?
Do I have to declare subsidence when selling my house?
If you deliberately hide this information and the buyer later discovers it, they may take legal action against you for misrepresentation and seek compensation for repairs, or in more serious cases, ask the court to unwind the sale.
Will subsidence significantly reduce the offer I receive?
Do I need to repair the subsidence before selling my house?
Why do mortgage lenders often refuse to lend on homes with subsidence?
How quickly can I sell a house with subsidence?
If selling fast is your priority, there is a far better way to achieve a quick sale – selling through a cash house buying company like ours. At Sell House Fast, we can sell your property with subsidence and help you unlock its cash value in as little as 7 days.
What evidence of subsidence will a buyer need from me?
If you sell to Sell House Fast, we will let you know everything we’ll need once we learn more about your property and the condition that it’s in.
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