Posts Tagged ‘house repossession uk’

Property market is not as paralysed as it looks like

Tuesday, 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.

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.