Stop House Repossession

If you are worried about your house being repossessed, then there are steps you can take out to avoid this unwanted situation.

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A house repossession isn’t a pleasant experience so it makes sense that you would want to avoid things reaching this stage.

To avoid bailiffs turning up at your door to repossess your home, you need to take proactive action before this happens.

People fall behind on mortgage payments for many different reasons. Either through illness, redundancies, unexpected death, or other unfortunate circumstances.

But that doesn't mean there isn't anything you can do to stop this process and come out of it on your terms.

Repossession Help

If you need help with your options when it comes to having your home repossessed, there are steps you can take. You may be able to change the situation in your favour or even just give yourself a little bit more time to get on top of your finances.

A repossession order can be stopped.

You just need to know what to do to make this happen. Take charge of this situation to be able to help yourself. Get legal advice on your next steps so you know what your options are.

Your options are choosing to enter into negotiations with your mortgage company. Discuss how you can repay what you and get back on track. Or you can consider selling your home quickly so you can clear your mortgage.

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If you choose the second option, you may be able to walk away with a lump sum after selling. It is worth remembering that companies who buy homes quickly for cash won't offer full market value. This means you could still end up owing money once you have sold.

We can discuss with you what amount you would expect to receive from your home when you sell. We can guide you as to what to expect, how quick the process will be if it is worth you taking this route to avoid repossession.

What is Property Repossession?

Property repossession is when your mortgage lender applies to reclaim possession of your home. This is usually because you have defaulted on your mortgage payments.

The mortgage company will apply to the court to seek possession of your home and evict you. Your home will then be resold.

How to Stop Repossession of House

Make a plan of how to settle your mortgage debts.
Write to your lender to attempt to start a mortgage negotiation.
Look at free mortgage-rescue services you may qualify for.
If the lender has already filed a claim against you, take the following steps.
Prepare your evidence and get legal representation for your repossession hearing.
If you were issued a repossession order, ask a legal adviser if your circumstances qualify to file for a new order to keep your home.
Attempt to make a new financial agreement with your lender.
Consider a bridging loan to pay your mortgage arrears and stop repossession.

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Repayment Plans

When you attempt to come up with a plan, you need to provide solid evidence that you can afford the proposal. This includes the missed payments you need to pay back and paying the new ones.

Detail how your circumstances have changed
Tell them how you will afford to make the payments up you have missed and upkeep your regular monthly payments.
What measures you are putting in place to ensure you don’t fall behind again.
Previous good history, how you met obligations, got out of debt etc. Anything that will put you in a good light.

Budget your household expenses or take on another part-time job. This can help you to make sure you can afford your new plan. If you default again, you won't be granted another chance.

If you can't reasonably afford to get back on track, either through careful budgeting or taking out a loan or other options, then you need to get expert advice. We can help you work through where you go from here.

Other Services We Offer

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Sell My Flat Fast - https://www.sell-houses-fast.co.uk/property/flat/
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Sell Your House For Free - https://www.sell-houses-fast.co.uk/free/
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Sell House Online - https://www.sell-houses-fast.co.uk/online/
Divorce House Sale - https://www.sell-houses-fast.co.uk/divorce/

Sell House to Stop Repossession

We can help you stop repossession today. Our team will be able to assist you will receive a quote so you can see how much we can offer for your home.

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All quotes are subject to terms and conditions and given as a guide only. Selling your home quickly online is a valid option to help you avoid repossession.