House Buying Companies UK | How They Work & How to Compare | Ready Steady Sell
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House-Buying Companies

House-Buying Companies: How They Work

Quick answer

House-buying companies buy your home directly for cash, completing in 7–28 days at typically 75–85% of market value, with no fees. The good ones are NAPB and TPO members who prove funds and honour their offer; the rest inflate the headline figure and reduce it near exchange. This guide explains how these companies actually work, how they make their money, how to tell a genuine buyer from a lead-broker, and how to compare several vetted companies so you reach the top of the band safely.

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  • 7–28days to complete
  • 75–85%of market value
  • £0fees — legals often covered
  • NAPB+TPOthe membership test
⏱ 2-minute check

Is a house-buying company right for you?

Five quick questions on your timescale, property and priorities — then a straight recommendation and the safe way to act on it.

2 3 4
A short, predictable path: enquiry, offer, survey, exchange, completion.

How house-buying companies work

A genuine company buys your home outright, with its own funds. No mortgage application and no onward chain means the two slowest, riskiest parts of a normal sale vanish — which is how completion drops from months to days. The company takes on the work and the risk: it refurbishes or re-lets and accepts the property may sit on its books, and the discount you accept is the price of handing that over.

£ You: 75–85% Their slice
The discount is their margin and risk buffer — fair, when it is not hidden.

How they make their money

They buy below market value, refurbish, and resell or let — the discount is their margin and their risk buffer. That’s legitimate; the problem is only when a company hides the discount behind an inflated headline offer it never intends to honour, then reduces it near exchange when you’re committed.

You receive ≈ 75–85%Their costs & margin
  • You receive 75–85% — fast, certain, fee-free
  • Their slice — refurb, holding, resale costs and risk
Tell the genuine principal buyer apart from the lead broker — it changes everything.

Genuine company vs lead-broker

✓ Genuine company
  • Buys with its own funds
  • Shows proof of funds today
  • NAPB & TPO member
  • Firm written offer, held to completion
  • One company, one point of contact
vs
✕ Lead broker
  • Owns no property, holds no cash
  • Can’t prove funds
  • No memberships or redress
  • Sells your details to several firms
  • You get bombarded with calls

The two look identical online — same stock photos, same “sell in 7 days” promise. You can only tell them apart by what they’ll do when you ask for proof of funds.

Offer A£198k21 days Offer B ★£212k14 days · vetted Offer C£205k28 days
Put genuine offers side by side and the strongest one stands out — on price and terms.

What they pay

Genuine companies pay roughly 75–85% of market value. Anything near 95–100% upfront is a red flag, not a bargain — it gets renegotiated down later. Anything around 50–70% is a lead-broker or sham banking on you not knowing your real market value. Knowing that figure first is what lets you judge an offer honestly.

Genuine?
Run every company through the same checklist — proof of funds, NAPB, TPO, no lock-in.

How to compare them properly

Get several offers, know your value, and check each company on Companies House, Trustpilot and for NAPB/TPO membership. See our full guide to choosing one.

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We bring vetted companies to you — already checked

Ready Steady Sell is independent — not a buyer. We put several checked & vetted, NAPB- and TPO-registered offers side by side, so you compare with no fee and no obligation, and no single company can lowball you.

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Frequently asked questions

Straight answers, no sales talk

Are house-buying companies legit?

The genuine ones are — funded, NAPB/TPO-registered, transparent about their 75–85% range and fee-free to you. Lead brokers and companies that drop the price near exchange are the ones to avoid. Vetting and comparison protect you.