A NEW property company specialising in the fast sale of homes where owners need a quick disposal has been launched in North Yorkshire.

Sell My House Fast, based in Selby, has been established to help homeowners needing a quick exit due to financial pressures, to get rid of their property and free up capital faster than the traditional house-selling process.

Managing director David Pickup said: "A series of factors lead to people needing to sell their homes quickly. One in three house sales fall through and people often cannot afford to keep properties when they have to pay council tax or face other mounting costs.

"Inexperienced landlords who have had their property trashed often decide to get out fast, especially if they also face negative equity.

"Where people face repossession, the bank arranges disposal of their property and homes can be sold leaving people still owing money. We help people take control by buying properties for cash fast.

"The price we offer is often below the market value but with no other fees and a guaranteed sale so, as a way to resolve a stressful situation, it is an attractive alternative. We pay all the seller’s professional fees so they know from the start what money they will have from the sale."

Sell My House Fast has handled enquiries, or made acquisitions, in cases of threatened bank repossession, illness, divorce, emigration, where business people have faced cash flow problems and where houses required repairs which the seller could not afford.

Mr Pickup said: "We deal with people caught between a rock and a hard place and our policy is to be fair.

"If we cannot leave people in a better position than when they come to us, we do not proceed, as we would never exploit their circumstances. If we feel they would be better off with a traditional estate agent we recommend one."