Repossessions in the UK are unfortunately at a record level! as many people continue to fall behind on their mortgage and other secured debts.
There are many reasons but for most of our clients it's mainly due to redundancy, a relationship breakdown or a sudden illness preventing them from being able to work.
If you are repossessed it will affect you in the following ways:
- Your credit rating will be severely damaged stopping you from
obtaining credit or indeed a mortgage in the future.
- You and your family will have to move out and find alternative
accommodation, losing the familiarity and security of the home
you have been living in.
- In some cases, the Mortgage Lender will even sell the property for
less than your outstanding mortgage amount, and you can be left
owing thousands, even though you donít actually live in the
With another rate rise looming, it is in your best interest to do whatever is necessary to stop repossession before it becomes too late.
The repossession process is as follows:
- You'll receive a summons from the court informing you of when
your hearing is to take place.
- There will then be a hearing where the judge will listen to both
you and your lender and will look at all the information presented
before deciding on an outcome which is usually a possession
- You will then receive a bailiffs warrant advising when you and your
family are to be evicted from your home.
But it doesn't have to be this way!
At Elite Property Buyers we have multiple solutions to help sellers avoid repossession.
If you agree to sell your property to Elite Property Buyers, you can obtain a stay of repossession from the court. If necessary, we can even accompany you and attend the court hearing and will produce evidence that the sale of your property has already been agreed with us. The sale can then be completed within 28 days. This is regardless of whether your property has equity in it or not.
Don't leave it too long to deal with mortgage problems. The further you get through the repossession process, the higher the risk of losing your home.
"I was thrilled and delighted with the honesty and open information that came through from Joel...He stopped all repossession proceedings within 4 days of meeting me and paid off all my debts and arrears. I'll never forget what you've done for us Joel. Thankyou."
Please complete the form on the right for a Quick Preliminary Offer
or call our Barnsley number on 01226 416 780 (24 hours) firstname.lastname@example.org