House repossession
United Kingdom house repossession orders are on the increase. Interest rate rises mid to late 2007, coupled with borrowers over stretching has contributed to a steady increase in property repossession threats from finance providers. If you are under the threat of repossession, there is light at the end of the tunnel. We can help you even if you have a bad credit history.
There are three methods we have in place. First we can offer adverse credit remortgages, which will enable you to pay off your debts and carry on paying for your home long term. Second we can set up bridging loans, which is a short term alternative to a remortgage. Third we can extend a scheme called sell to rent back. This means you sell your house quickly to us, with no sale fees at any part during the sale, and then you rent it back from us as a tenant. The equity which is released from the sale can be used to pay off your debts and give you and your family a fresh start.
Which ever remedy you opt for will stop your property repossession in its tracks.
Stop repossession
Which ever way you choose to stop repossession, be safe in the knowledge that we have highly dedicated and sympathetic professional people in place to organise your platform to avoid repossession and help produce a payment plan on how to stop repossession orders, or help clear any debts that may build up and contribute to the repossession of house or home.
Remortgage to avoid repossession
We can easily explain how a remortgage can help with avoiding repossessions. Quite simply it is like an extension on your existing mortgage, but a completely separate deal. Your house is re-mortgaged, and with the funds you clear your existing mortgage and start from scratch again for a full repayment term, be it ten, fifteen, twenty or twenty five years. You should be clear of your repossession problems and have a lower monthly repayment plan; however, you will more in interest of the term of the remortgage.
Bridging loans to stop repossession
A bridging loan is similar to a remortgage only over a much short period of time. The bridging loan is set up where you can repay over a time scale anywhere between one and twelve months. It is normal around seventy five to ninety percent of the equity built up in your home. You pay off your debts to avoid repossession then pay a monthly interest charge on the bridging finance until you can clear the full amount in one hit.
Sell and rent to prevent repossession
We buy your house for cash. There no fees to pay on your side like hips, valuation or survey, estate agent costs or legal fees. We pay for all of these for you. You then rent back your home as a tenant. The equity that is released in the sale should be used to pay off all your debts giving you and your family a fresh start and freeing you of any threat of repossession.
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