Repossession

Most of us have a strong inclination to join the property ladder and own our home. This drive leads many of us to make one of the biggest financial commitments of our lives through a mortgage. At the same time you may be facing payments on other loans, the costs of bringing up a family, running a car or simply a change of circumstances at work. Outgoings soon begin to mount.

Whatever the reason, for many of us the dream of owning our own property can quickly turn into a nightmare without sound house repossession advice. As mortgage payments slip, creditors are all too quick in seeking the fastest way to recover their funds. Ultimately it means your primary asset - your home - is in danger of being repossessed. Forcing you to release your remaining capital to cover debt repayment means your home could be sold and eviction notices will be served.

Call the debt solutions helpline on: 0845 519 6093

In order to prevent repossession one of the first things you will be told is to sell your home as fast as possible in order to gain access to the monies you have tied up in it. Time is of the essence; you need to release capital quickly to stop house repossession proceedings. This will mean that normal routes of sale such as estate agents or auctions will be closed to you as completion and transfer of funds can take several weeks.

You may then turn to the host of property buying companies out there willing to complete and give you funds at seemingly impossible speed thereby allowing you to avoid the house repossession order instantly.

Before you sign up to these schemes there are a few things you should be aware of:

Property buying companies make money from selling on your home.

Therefore the offer made to you can be as low as 70% of its true market value Options to sell your home then rent it back from the property company could leave you paying the same amount as your previous monthly mortgage.

You will no longer own your home and may find it difficult or impossible to get back on the property ladder due to loss of equity.

The majority of these companies rely on the panic that the threat of being repossessed can induce in order to obtain a fast but ultimately a lower price for your home.

So when you're tearing your hair out asking, "How can I stop house repossession?" there is another alternative that could allow you to halt proceedings and keep your home.

You may have thought that a repossession remortgage option was unavailable to you in these circumstances. Unlike many mortgage brokers, The repossession Specialists has extensive experience in dealing with repossession difficulties. A repossession remortgage can be processed quickly enough for most creditors to be satisfied; but obviously, the quicker the better.

With expert advisors to offer help and advice, an eviction order can be effectively stopped in its tracks. We will deal directly with the County Court or Bailiffs office. A repossession remortgage can give you a wide variety of solutions including low credit options not available on the high street you could avoid being evicted and continue to live in and own your property.

With sympathetic advisors who develop the right solution for you, our speciality is in house repossession advice and in helping people with credit problems get the repossession remortgage and the finance they need at the most competitive rate.

Can debt solutions help me get out of debt?

YES we can. Everyone’s personal situation is different and each debt solution is different so we need to work out which will best suit your financial needs.

We will complete a FREE 20 minute fact find with you to work out what your earning and spending and this will let us know how much you can afford to pay to your creditors and also which debt solution is best for you to help you get out of debt. You are under no obligation but I am sure you will be 100% happy with what out debt advisors can do for you and we have the lowest debt managenent fees in the industy

We pride ourselves in our friendly, professional approach to finding the right debt solution for every one of our clients, which is honest, confidential and always the ‘best advice’ based on your individual circumstances.

If you would like to speak to one of our friendly, professional debt experts about any of our debt solutions you can either call our debt solutions helpline on: 0845 159 6093 or complete our online contact form and one of our debt advisors will call you back within the hour.

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