Property market is not as paralysed as it looks like

May 10th, 2011

Are you a homeowner in UK facing financial hardship? Not sure how to pay off the mortgage? Afraid of repossession? Take a deep breath – there are options for you.

It is important for you to realise that there are ways to stop house repossession in UK. So do not surrender; even when the property market looks stagnant and you do not see any hope to find a buyer quickly do not give up. Market condition is not as grave as it looks like. It’s true that selling house is not easier now but if you try properly you can sell the house and stop repossession.

When first home buyers have taken a step back cash home buyers are very much active in the market; probably you did not notice. Cash buyers can purchase your house for quick cash; you can then use the fund to pay off your mortgage debt.

However, if you try to sell your house in traditional ways by taking help of an agent, you may end up with no result. As the first time buyers are dormant now it is difficult to find a buyer through an agent. You have to look for cash buyers in your area.

If you are in the advanced stage of repossession and your creditor has already started taking legal actions against you then selling house fast is the best alternative for you. Just contact your lender and let them know that you are selling the house, collect some kind of agreement from the buyer and show it to your lender – as soon as they understand that you can pay off the debt, they will stop repossession proceedings against you.

You can then sell the house on a preferred date and pay off the debt in full or partially depending upon the equity on the house.

Repossession Rate is Likely to Go Down

April 28th, 2011

According to a recent article published by The Belfast Telegraph cash for homes sales touched a record number in January. The report says “A record 40% of homes that changed hands across the UK in January were bought by cash buyers.” This is a good sign; troubled homeowners at least have realised that selling house to those who do not need mortgage is easier than selling house on the open market. Sooner others understand this fact the better.

It does not mean that you cannot sell house quickly on the open market; of course you can. But you will need a luck factor – you never know how long it will take to get in touch with the right buyer who would agree to buy your house and would qualify for mortgage as well. But if you work with cash buyers, rest assured that you would be able to sell the house in 7 to 10 days.

According to the report 40% of the properties sold in January were sold to the cash buyers. It means financially distressed homeowners have started recognising the benefits of working with cash buyers. People have realised how cash buyers can help to stop repossession in UK. The rate of repossession will definitely go down in near future.

There are two types of buyers who offer cash transaction – investors who purchase properties for the sake of investment and senior citizens who have cleared their mortgage and are now planning to move a small house simply for the sake of downsizing. If your house is a small one you can target the second group also. And you can contact professional property buyers any time.

To make things faster, you should look for local buyers. If you are trying to stop property repossession in Swindon look for active property buyers in Swindon area. They can offer you a quicker and smoother service.

If more people decide to work with cash buyers, like you, repossession rate would go down certainly.

Stop Property Repossession for Long Term Benefits

April 7th, 2011

Property repossession is not a nice event; no matter whether you are facing repossession due to your own unplanned spending habit or due to a national problem, repossession will always take a toll on you.

There are instant and long term effects of property repossession that you should be aware of. Here is a list.

Immediate effects of Property Repossession:

  • Your lender will repossess the house evicting you with a court order
  • Your credit will be damaged
  • You have to find a new home
  • Difficulty getting mortgage or finding a rented home after repossession
  • You have to go through all the hassles of relocation

Long term effects of Property Repossession:

  • History of repossession will stay on credit record for long
  • If financial conditions stable, the old history of repossession would stop you from getting loans

However, you can avoid all these problems if you avoid property repossession. If you go out and search for ways to stop property repossession you may find several ways; selling house fast is the easiest among all.

There are cash buyers in UK; they purchase properties of any type and condition for quick cash. If you are in hurry and cannot wait for your estate agent to find a buyer for your home, you should look for cash home buyers.

It is always good to work with the property buyers in your area. If you are in Chester, look for local buyers to stop property repossession in Chester quickly. By doing so you can save yourself from a lot of problems.

Key to Solve House Repossession Problem in UK

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

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.

Repossession is on the rise – How to avoid property repossession in UK

February 17th, 2011

If you read the warning signs you can easily understand that repossession rate is increasing and it will continue to increase in the coming days as well. To control inflation the base rate may be increased; it also has been predicted that mortgage approval rate would go down this year. The resultant effect will push the property repossession graph up.

Is your home at risk? If yes, take suitable steps before it is too late. Repossession is a nightmare in true sense of word; everybody involved with the process go through a stressful series of incidents when a property is repossessed. And surprisingly the repossession often fails to solve your financial problems as if there is a shortfall, the creditors will keep following you for the residual debt.

How to avoid property repossession:

Are you in a position to pay off the mortgage arrears in full? Then clear the dues and your home will be saved; your credit as well. If that is not possible, you can simply sell off the house and repay the outstanding amount with the cash you receive from the deal.

The problem is: when you are in hurry and need to sell the house fast, you cannot wait for long to find a buyer. In this dripping property market it is quite difficult to find a buyer for your home. In that case, you have to be smart; why don’t you sell the house to the cash buyers?

Cash buyers help you to stop repossession by offering a really fast and reliable property selling solution. Property cash buyers are ready to purchase your house for quick cash; this is very helpful when you need instant cash.

To avoid property repossession contact cash property buyers in your area. If you are trying to stop repossession in Swindon, look for buyers in Swindon. You can actually sell the house off within a week and stop repossession.

Mortgage approval rate remains subdued – Now what!

January 19th, 2011

Hometrack, leading property intelligence service provider in UK has revealed that mortgage approval rate will remain low in 2011. Hence it is clear that home buyers will be facing a challenging situation to get mortgages this year. This will definitely have an impact on the property market.

According to the stats 100,000 fewer mortgages are going to be approved in 2011 than the previous year. Strict mortgage criteria, unstable job market and fear of repossession have kept property market down. If the mortgage approval rate falls further, the situation won’t improve much in near future.

The property market is not in a good condition now and such forecasts would make the situation more uncertain. Already there are more sellers in the market than buyers; if mortgage approval rate goes down the situation will remain same, if not worse.

Distressed homeowners who are trying to sell their properties in the open market would find it more difficult to get a buyer. Instances of delays and broken chain will continue in the coming year leaving sellers in a helpless condition.

And there is no solution to this problem as this is not an isolated issue. You cannot change the policies. You cannot blame the estate agents for not being able to get you a buyer because it is not in their hands at all. Even if they connect you with a buyer and the buyer agrees to purchase your home, there is no guarantee whether the buyer would be able to get mortgage.

The only feasible and realistic solution is to contact the cash buyers who are ready to purchase your properties by paying instant cash. Property buyers are investors; they do not rely on mortgage to purchase any property. No matter whether banks will grant lesser number of mortgages or introduce stricter criteria, cash home buyers can always offer you a quick deal in 7 to 10 days.

In case of immediate financial crisis or to get property repossession help, contact cash property buyers in your area.

Sell your house tomorrow if not today! Stop repossession

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

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.

3 Most Effective Tips on How to Avoid Home Repossession

October 3rd, 2010

House repossession is a common affair now in UK. ‘Buy me’ and ‘For sale’ sign boards have got sticky across the nation. In the year of 2009 more than 40,000 houses were repossessed. And there is still no signal in 2010 for the market conditions to improve.

Unemployment rate is still quite high; many citizens are in mortgage arrears and those who are gasping heavily to pay the installments are afraid of repossession. The first tip will be not to do panic; handle the situation carefully. Talk to your lender and see what they have to offer.

Get repossession help from your creditor

Talk to your creditor, let them know your situation; a lot of lenders offer loan modification services too to help troubled homeowners avoid repossession keeping their homes. Home loan modification is a good idea; the lender may waive late fees and other financial charges. Arrears may also be included with the principal balance.

Cost cutting and budgeting

See if you can trim your monthly expenses and eliminate some of the not-so-important activities. The saved money can be used to pay off mortgage. You can do it yourself without taking any repossession help from your bank or a third party.

Sell the house off

You may consider selling the house fast; you can use the selling price in various ways; you can pay off the mortgage with arrears in full, you can keep the residue for investment, you can repay your unsecured debt with the residue amount as well. This will help you stop home repossession. Instead of approaching individual buyers in the open market, you can contact cash property buyers who purchase properties of any type and condition for instant cash.