Selling property with debts

When a sale involves debts, start by identifying the obligations and deadlines. Tell us who the creditors are, the amounts claimed and the stage of any proceedings. This helps establish whether a purchase offer could address the situation.

What we consider when preparing an offer

Outstanding loans, interest and other known claims
Apartment association or utility arrears
Registered restrictions and encumbrances
Agreed payments from the sale proceeds

What to send us

A list of claims and obligations
Letters from a creditor or bailiff, if applicable
Recent utility bill and property details

What to know before deciding

A sale does not automatically discharge every debt. The solution depends on the claims and sale price. Enforcement or seizure requires review and coordination with the relevant parties. An enquiry alone does not suspend enforcement.

How to prepare your property for an assessment

List the obligations: who is owed money, the latest confirmed amount and known deadlines. Separate association bills, loan payments and other claims. An initial discussion can start with a description; specific documents can be requested as needed. An old statement may not establish the amount due on completion.

Assess the money remaining after agreed payments as well as the sale price. If the proceeds do not cover every obligation, a solution needs to be agreed before signing. Avoid promising a final date until the necessary consents and payment arrangements are clear.

What to clarify before a final offer

List each claim with its creditor, calculation date, amount, contact and next action. Separate the loan, association bills and other claims. Request a fresh figure for completion where the amount changes over time. An old letter is not confirmation of the final balance.

Before accepting an offer, check whether proceeds cover agreed payments and moving needs. Resolve a shortfall with the parties involved. A statement that property with debts can be purchased does not mean all claims disappear or that necessary approvals can be skipped.

What happens next

Send the initial details. We review them, clarify missing information and arrange a viewing where needed. The final price, payment arrangements and handover are agreed before the notarial transaction.

How direct property purchase works

Frequently asked questions

Will the sale cover every debt?

That depends on the total claims and sale price. Prepare a list of creditors and amounts. Before deciding, compare the proceeds, settlement arrangements and obligations that may remain after the sale.

Does an enquiry pause enforcement proceedings?

Sending an enquiry does not pause proceedings. Disclose known deadlines and the parties involved immediately. Any proposed sale may require coordination with the participants in those proceedings.

When is the price final?

An offer based on photos and a description is preliminary. We confirm the final price after reviewing the necessary information and the condition of the property. Any newly discovered material issue is discussed before completion.

Who pays the transaction costs?

In a direct purchase, we cover the agreed notary and registration costs. Existing loans, debts and other seller obligations are considered separately, and the payment arrangements must be agreed before completion.