If you’re facing repossession of your property, don’t panic!
What is Repossession?
This is when your mortgage provider or secured loan provider takes ownership of your property to cover your debt. This is because, when you take out a mortgage on your property, your mortgage lender legally has part ownership of the property until the mortgage is completely paid off.
There are many reasons why you might face repossession such as ill health, financial problems, death etc, however, is it important that as soon as contact is made with your lender, you seek legal advice. Lenders only start the repossession process as a last resort so if you do receive contact from your mortgage lender or secured loan provider, don’t ignore them.
STOP repossession by selling your house QUICKLY to us!
Repossession is not a process you have to go through alone, nor is it anything to feel embarrassed about, it’s more common than you think. Our team are very friendly and empathetic to your situation and will happily lend a listening ear and help where possible.
If you decide the best solution in your circumstance is to sell your property, then we’re here to help! When you sell your property to us, all responsibility of your property repossession is passed on to us including, the mortgage arrears fixed to the property and any legal costs or fees.
