Archive for the ‘stop home repossession’ Category

Effective Ways to Stop Home Repossession in Derby

Tuesday, October 11th, 2011

Home repossession is not a desired event at all; you have to try your best to stop home repossession. There are different options that you can try; however, you have to choose the best one so that you can stop repossession and keep your credit unhurt.

Equity release:

This is one of the popular ways of saving houses from the clutches of repossession; however, keeping the present market condition in mind it can be said that equity release might not be the ideal solution for all. As the economy started to fall down, many houses went into negative equity. If your house is in negative equity then equity release cannot be of any help when it comes to stop home repossession.

Selling house through property agent:

Selling house to stop repossession is another popular way to stop repossession. Selling house through property agents is probably the most common way of property trading. However, with recent economic turmoil property agents are not in a position to help homeowners sell house fast. Individual buyers are not purchasing properties; lenders are sceptical about extending credit. As a result many prospective buyers are not qualifying for loans. So there is a dearth of buyers; even when there are many sellers.

Selling house to cash buyers:

Selling house to local cash buyers seems to be the most practical way of stopping repossession in the country right now. If you need to stop home repossession in Derby then look for cash buyers of homes in Derby area. They can offer you fast and assured home sale.

Professional cash buyers offer customised solutions; once you get in touch with them they analyse your situation and then come up with the right solution for you. Look for a professional cash buyer in your area to stop home repossession.

5 Ways to Stop Home Repossession in UK

Sunday, July 31st, 2011

Repossession is a big threat that can ruin your entire life. Repossession does not come instantly. There are various steps that have to be covered before the stage of property repossession is reached. However difficult might be the situation, there are various ways to stop repossession in Northampton and in entire UK.

Some of the most effective ways that can help to avoid and stop home repossession in Northampton are as follows:

  • Direct talks with the lender can help to avoid and in some cases stop home repossession in Northampton and in other parts of UK as well. However, you should not wait till the time when repossession cannot be avoided. Talk to the lender when you start missing your mortgage payments at the initial levels. Tell him clearly about your problems for which you are not being able to pay the loan. Building a rapport with the lender might help to avoid home repossession in Northampton.
  • Talking to people who have faced similar situations will also be of great help in stopping repossession in Northampton. They can suggest practical ways of fighting the problem.
  • Selling off the property with the help of quick cash property buyers can be a way to stop home repossession in Northampton. They can give instant cash against the property with which the defaulter can pay the outstanding debts and protect the property from getting repossessed by the lender.
  • Selling and renting back the property is a great way to stop repossession in Northampton and also in other regions of UK. In this, a cash property buyer buys the house and with the amount the defaulter clears all the pending dues. Again the same property is rented back to the owner where he can stay as long term tenants as per the agreement.
  • Releasing equity from the property can be a solution to stop home repossession in Northampton.

Repossession rate is set to rise by 12.5% in 2012

Friday, June 17th, 2011

Repossession rate is still under control because mortgage rates are low. According to the Council of Mortgage Lenders (CML) the mortgage rate will continue to remain low in 2011. And then it will start to increase modestly in 2012. This will definitely have an impact on the number of house repossession all over the country; the repossession rate is likely to increase by 12.5% – that is what CML has predicted.

The repossession rate did not go beyond control because the mortgage rates were low; during the recession of 1991 higher number of people faced repossession compared to present statistics. Just imagine if mortgage rates start to increase in 2012, then situation may become really tough.

Many homeowners are still not feeling the tremor; but that does not mean they are safe! Once the mortgage rates go higher then the true picture will become visible. Once people realise that the plate is getting hotter they will start looking for a solution; perhaps they will try to sell their house fast to stop property repossession.

If thousands of people start selling their house suddenly, it is likely to create a disturbance in the market. There will be more sellers in the market than buyers; the demand and supply balance will get damaged making it tougher for the sellers to find a buyer.

You know that the easiest solution to stop home repossession is fast property sale; still you will not be able to achieve it because there is no buyer. This can be painful! How long can you wait for a buyer; your credit is on stake after all.

Stop Home Repossession with Cash Buyers

You can work with cash buyers and get rid of all the worries. Cash property buyers can help you sell your house quickly even when the market is down. With ready cash they can help you close the deal quickly.

Reputed cash buyers will pay you close to market value for your property. If you are planning to sell house today or in future, consider working with cash buyers.

It’s never too late to try to stop home repossession

Wednesday, June 8th, 2011

There are several things that you can do to stop home repossession. Here is a list of actions that you can take to protect your home from repossession.

Talk to your lender

As soon as you realise that you might miss your mortgage payments, talk to your lender. Lenders would always talk to you and help you in all possible ways so that you can avoid repossession and keep the home. No lender can take the borrowers to court if they do not complete the pre-action protocol. The lender has to help the borrower to pay the mortgage before taking them to court.

Once you contact your lender and let them know about your situation they must cooperate you in following ways:

  • Inform you how much you owe to them
  • Consider your repayment proposals if any
  • If they do not accept your payment proposals, they have to show you the reasons
  • If they decide to start legal actions against you, they have to give you 15 days notice

Lenders can help you in following ways:

  • Increase the loan terms so that monthly payment gets reduced
  • Agree to accept reduced payments for a short span of time
  • Adding the debts accrued due to non-payment of monthly instalments to the principle debt that you borrowed

However, to get such cooperation from your lender you have to do the following things:

  • Show them that you also want to pay the mortgage and you want to cooperate with them; never neglect any correspondence or phone calls from them
  • Pay as much as you can
  • Keep in touch with them
  • If the lender agrees to change the loan terms or agrees to accept reduced payment, then get it in writing

There is another alternative; you can sell your home fast.

Sell house fast to cash buyers

Cash buyers can help you to stop repossession by offering a quick sale. They are property investors; they can purchase your house for instant cash. You can use the money to clear your debts and keep your credit in good shape by avoiding repossession. Inform your lender that you are going to sell your home so that they do not start any legal proceedings against you.

There is a third option also; you can seek independent money advice from independent agencies such as Citizens Advice Bureau or Shelter. Take the right step and protect your credit from the stigma of repossession.

Key to Solve House Repossession Problem in UK

Saturday, March 12th, 2011

House repossession is the topic of the time in UK. People who purchased houses by obtaining mortgage suddenly faced problems paying the debt off. As soon as they missed the first payment the problems started rolling. And finally it pushed most of the home owners to face house repossession.

How to stop house repossession? What are the things one can do to avoid house repossession? Is there any easy solution?

The solution depends on many other factors; such as the stage of repossession, your financial condition, outstanding debt, mortgage rates you are paying and many other things. However, the easiest solution that helps you to stop house repossession is fast property sale. And that is what cash home buyers offer.

Stop house repossession in UK

To stop house repossession you can sell your house quickly and pay off the outstanding debt. Once your lender receives the whole money or the major part of the money, chances are they would stop repossession proceedings.

Through quick house sale you can get a lump sum amount in hand that can be used to pay off the debt. The problem is when the property market is down and no one is ready to buy houses, you would have a tough time finding a buyer.

The good news is: when the property market is down, general people are not buying and the first time buyers have fled from the market, you can still stop house repossession by selling your house to cash buyers.

Look for the cash buyers who are reputed and offer fast property sale solutions specifically for the distressed homeowners. You can contact them for a free, no obligation proposal. They can buy your house within 7 days if required.

To conclude, the key to stop house repossession in UK is trying the right thing at the right time. You have to get in touch with cash buyers before it is too late.

Tips on How to Stop Home Repossession

Saturday, March 5th, 2011

Employment market and property market are not in a stable condition in UK. Moreover, UK economy just recovered from turmoil; still there are some ways to stop home repossession. However, you must have the confident and interest in you to save your credit, otherwise no solution can help you out. If you surrender to the situations you cannot control anything.

Identify the warning signs:

First of all you have to identify the warning signs; our life gives us indications about what may go wrong in future. If you have been facing financial difficulties for last couple of months, if the credit card bill is piling up, if you are getting worried every month thinking how to pay the mortgage payments then this is the right time to get cautious.

What is the first thing to do when you feel the tremor of repossession?

As soon as you feel that you might be in trouble contact your lender; this should be your first step. See if they can help you pay off the amount. Chances are high that your lender would help you by revising the loan terms so that you can repay it.

The second thing that you can do is: look for other ways to earn money. If you can get another job; however, when the economy is down and employment market is so unstable getting a new job sounds like day-dreaming.

The easiest way is to sell your house to cash buyers; the fund can be used to pay off the outstanding debt. And you can save your credit too. In a depressed market condition, you may find a dearth of buyers in the market; you have to contact the cash buyers in your area. Cash buyers are property investors; they help you stop home repossession anywhere in UK.

If you are in Leicester area and trying to stop home repossession in Leicester look for local cash buyers to make the entire process fast.

Sell your house tomorrow if not today! Stop repossession

Monday, November 8th, 2010

Fast property sale is one of the best ways to stop repossession. You can save your credit by selling the house any time. The problem is: when thousands of people are under the same situation and trying to sell their houses fast to stop house repossession then selling house quickly may appear to be a big challenge.

But here is the good news; you can actually sell your house tomorrow for instant cash if you contact us today! Home buyers in UK can help you sell your house within 7 to 10 days or in lesser time.

Sell house tomorrow

How to avoid repossession by selling your house fast

You can stop repossession at any stage; here are the different types of situations when quick sale can help you.

1] You are afraid that you may miss your mortgage payments in future
2] You have already missed one or two instalments
3] Your lender has sent you a court order
4] Eviction notice has been issued

If you belong to group 1 or 2, you should talk to your lender first. They may offer you some customised solutions to help you pay off the debt or restart the mortgage. If no solution works out, then only they will start the legal processes.

By paying the debt you can put a full stop to all the problems. Repossession is not good for your credit and it will push you back from getting financial opportunities for many years. You can sell your home for quick cash and stop home repossession by paying cash to the lender.

Find reputed home buyers in your region. Based on your situation they will extend repossession help to you so that you can get out of the problem soon. Most of the cash home buyers allow you to sell your house within 7 to 10 days so that you can stop repossession and save your credit before it is too late.

Report: Home repossession in UK falls further

Friday, October 22nd, 2010

In the second quarter of the financial year, the number of home repossessed by the mortgage lenders has fallen further. In the last quarter, the lenders have seized 9400 properties in the last quarter according to a report by the Council of Mortgage Lenders (CML).

Home repossession has now fallen for three consecutive quarters since they had reached a peak at 12,100 in September, last year. The total number of mortgages in arrears also dropped 5% during the quarter to stand at 178,200 by the end of June. However, the situation is not really as healthy as it sounds. The safety net for the borrowers is weakened by higher interest rates, a rise in the unemployment and also reduced support from the government regarding mortgage payments.

The CML estimates that only around 39000 homes might be repossessed this year, which is down from CML’s previous estimation of 53000. This estimation comes with support from the courts in England and Wales where the property repossession by the lenders has fallen yet again. The statistics by the Ministry of Justice show that the claims of house repossession by the lenders have fallen by 5% to 17774 in the second quarter of this year.

Although the picture is not rosy, however, there are options available. Stop home repossession is a trading portal for the Yellow Springbok, one of the leading property buyers of UK. And we have access to substantial funds through our network of cash investors. In case you are looking for ways to stop house repossession, we can make you an offer within 48 hours.

Choose the right thing at the right time and live a stress free life.

How to Stop Repossession – Here’s the best solution

Monday, August 30th, 2010

Have you missed your mortgage payments? Are you anticipating a financial hardship? Don’t wait for the court order and eviction date – act as quickly as possible. First, learn how to stop repossession – a person who knows how to stop home repossession can take better decision that the one who does not.

You can search online or talk to experts to know more about this. If you know somebody who has recently gone through a similar situation, just talk to them. Repossession is a stressful process – it leaves a negative impact on your credit rating; your name gets listed within the repossession registry of the country. This may stop you from getting financial facilities in future.

How to Avoid Repossession – Best Solutions

If the problem is temporary, just talk to your lender and let them know that you were unable to pay the instalments because of a certain temporary reason and that you will be making payments regularly in future. Bank may decide to modify the terms of the loan and waive late fees and other financial charges to help you pay off your mortgage.

But, if you are not sure when the financial hardship will end then think of some other way. Before the bank sends you a court order and the clock starts ticking up, you need to arrange money. You can get quick cash by selling off your home fast. It seems to be the best option to stop repossession.

You can consult property buyers in your locality and get a free, no obligation quote from them. A property buyer will evaluate your house, check your status to determine in which stage of repossession you are and then offer you the best price for the house. Once you agree to work with them, they will finish all the work very fast. This is the fastest repossession help possible under the sun!