There are lots of reasons why people fall behind on their mortgage payments and that’s why thousands of people in the UK face having their homes repossessed each year. It’s important that you understand the
laws of repossession.
You may have lost your job or main source of income, got divorced or separated, had to stop work due to illness or injury, had unexpected expenses to pay or have large debts on credit cards and unsecured loans. Repossession laws mean that you can lose your house if you default on your mortgage payments. Keeping within Repossession Laws could help you avoid this from happening.
Click here or call on Free
Phone 0800 856 7274 to stop your repossession today!
Repossession is a legal process whereby a lender takes possession of your house if you are in arrears on your mortgage. The lender then sells your property in order to raise money to settle the debt. This is the very last resort your mortgage lender will go to if you default on your payments. Initially they will send you letters advising you of your missed payments and request you get in contact with them. If you fail to do so they will eventually have their solicitor write to you and then apply to the court to get possession of your house.
The lender must stay within repossession laws if they are trying to repossess your house. Your house cannot be repossessed unless the lender has been given permission to do so by the court. No matter how imminent repossession may be, it can be stopped at any stage in the process. Repossessions don’t happen automatically and even if a mortgage lender is threatening legal action against you they would usually rather you clear your debt with them than have to take you to court for it.
It is very easy to ignore letters from your lender when you have fallen behind on mortgage payments. Even if you are at the stage where you have received a letter from your lender’s solicitor, it is not too late to stop possession proceedings.
Click here To Stop Repossession TODAY!
or call on Free Phone 0800 856 7274 for help with repossession laws.
If you decide to avoid repossession by selling your house, you could do so through an estate agent, private sale, or a cash sale. The first two rely on finding a buyer and there is always the risk of a slow or broken chain causing the sale to fall through. We can pay cash for your house and the sale can complete in as little as a few weeks or even days if need be. This has become a popular way of avoiding repossession and we offer advice on repossession laws and can assist in avoiding repossession however close it is to happening.
We are ready to buy your home immediately and offer a rent back option allowing you to stay in your home if you choose to do so. We offer a long term sell and rent back option and also offer a buy back option allowing you to buy back your home at a later stage when in a better financially viable position.
Click here To Stop Repossession TODAY!
or call us on Free Phone (UK) 0800 856 7274 to act Fast with Repossession Laws
