Posts Tagged ‘stop house repossession’

House Repossession Rate in UK increases in the First Quarter of 2011

Thursday, May 19th, 2011

House repossession rate increased by 15% in the first quarter of 2011. A total of 9,100 houses were repossessed during this period – almost 15% higher than the last quarter of 2010 and 10% lesser than the same period of last year.

The stats are shocking; just imagine if base rate increases how tough it will be for the homeowners to pay their mortgages. People with a steady job can still handle the situation; but those who do not have any job or not sure if they would be able to secure a steady income in future are in real trouble.

Repossession – A stigma on your credit

Everybody tries to avoid repossession; it is bad for credit and it is hectic for you and your family. If you can foresee repossession, try to figure out the best way to get out of the situation. Either you have to secure a steady and stable income so that you can pay off the instalments on time.

If that sounds too tough, you can go for quick sale to stop house repossession. Quick house sale is an easy way to solve your immediate financial crisis such as house repossession. You can sell your house to cash buyers and repay your outstanding debts in full.

Professional cash buyers would pay you close to market value for your house. They usually purchase properties of any type and condition. You can sell tenanted houses to cash buyers as well. If you know how to stop house repossession, no matter whether repossession rate is rising or what – you can keep all the worries at bay.

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.

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.