If you bought a buy-to-let property as an investment, now is the time for a quick house sale.

As the property market suffers the slings and arrows of outrageous fortune, now could be a good time to jump off the property ladder. If you own your own home and are finding the rise in interest rates a struggle (if a fixed rate contract has come to an end for example) and you have a buy-to-let investment, it might make more financial sense to sell your investment with a quick house sale.

As the Council of Mortgage Lenders is predicting a 50% rise in repossessions in 2008, you don’t want to juggle more financial balls than you can keep in the air. The fact is it’s more expensive having a mortgage of any kind now then it was a decade ago, and as house prices are set to freeze and even fall, a quick house sale may be a wise move.

More people with a buy-to-let investment are considering a quick house sale thanks to the falling rents and rising interest rates that have left many investors making a loss. The Times newspaper highlighted one estate agent that said a number of flats had recently been repossessed from buy-to-let landlords as a result of this. The agent said: “Some people have been oversold the residential buy-to-let dream…Seven years ago you could earn £1,250 a month from renting out a two-bedroom flat in central Birmingham. Now the same flat will earn you little more than £750.” A quick house sale may be a viable alternative. If you have a buy-to-let investment in a property black spot, a quick house sale could be the only alternative to repossession.

A website has even been set up highlighting properties that have been reduced in price. The site is aimed at first time buyers looking to get on the over inflated property market. The number of properties reduced in price has increased by 40% - this reduction suggests that rather then selling the conventional way, it could work out cheaper opting for a quick house sale. Although quick house sale companies buy homes at a slightly reduced price then their market value you could still end up salvaging more money then struggling to sell your property on the open market, reducing the price month on month. A quick house sale can help many people who opted to invest on the property market but now realise they could lose out as the credit crunch takes hold and the property market faces an impending slump.

njoy.co.uk is a dedicated website that can help get you the best price for your property from committed cash buyers in your area. We aim to have you a cash offer in principal for your house within 24hrs of you registering your house on njoy.co.uk.

Many of our registered investors can offer you a 'sell and rent back' option, where they will buy your house for an agreed price, and allow you to stay in your property as a tenant. This may enable you to pay off all your debts in one easy stroke by releasing the equity tied up in your home. If you wish to discuss the process then we would be delighted to talk to you at your convenience, our customer service team can always be contacted either by telephone 0845 337 0038 or alternatively you can email your query to: info@njoy.co.uk