Posted on November 22, 2008 by repossessions
The Office of Fair Trading estimated in its recent report into the sector that some 50,000 sale-and-rent-back transactions had taken place.
Filed under: cash property buyers, debt advice, evictions, homeless, mortgage approvals, mortgage arrears, negative equity, repossession, sale and rent back, sub prime lenders, uk house prices, uk interest rates, uk remortgage | Tagged: credit crisis, credit crunch, mortgage arrears, reposesion, repossession, sell and rent back, uk remortgage | Leave a Comment »
Posted on April 12, 2008 by repossessions
The threat of negative equity however is now a very real one and millions of people will find it impossible to refinance their mortgages and will be forced onto their lenders’ top standard variable rates.
Filed under: Form n244, Kensington, Land Registry, cash property buyers, citizens advice bureau, debt advice, divorce, homeless, housing market crash, mortgage approvals, mortgage arrears, negative equity, recession, repossession, sell and rent back, sub prime, sub prime lenders, uk house prices, uk interest rates, uk remortgage | Tagged: house prices crash, morgage, mortgage arrears, neqative equity, remorgage, repossession, uk houses, uk remortgage | 1 Comment »
Posted on March 23, 2008 by repossessions
Maybe the Government, along with the usual middle class do gooders at the Citizens Advice Bureau (CAB) and Shelter actually want you to be repossessed and lose your home? Surely, that can’t be right?
Filed under: Kensington, cash property buyers, citizens advice bureau, debt advice, homeless, housing market crash, mortgage approvals, mortgage arrears, negative equity, recession, repossession, sell and rent back, sub prime, sub prime lenders, uk house prices, uk interest rates, uk remortgage | Tagged: CAB, CML, lease back, OFT, rent back, sell and rent back, SHelter | 2 Comments »
Posted on February 29, 2008 by repossessions
There are many websites out there that promise to help you avoid repossession by – borrowing more money!
If you truly are facing repossesion then borrowing your way out of trouble is the recipe for disaster.
This is because if you have mortgage arrears or a possession order against your home from your mortgage lender or a [...]
Filed under: cash property buyers, citizens advice bureau, debt advice, mortgage approvals, mortgage arrears, repossession, sub prime, sub prime lenders, uk interest rates, uk remortgage | Tagged: credit card debts, debt help, debt management, debt services, interest rates, mortgage loans, second charge | Leave a Comment »
Posted on February 21, 2008 by repossessions
In order to help other home owners who are facing repossession, we are going to start posting actual cases.
These will be based on situations faced by people who have contacted us but of course, names and identifying information will remain hidden.
Case #1
Mrs. B
Location: Wakefield
Value of Home: approx ￡500,000
Total Mortgage: ￡108,000
Lender: Kensington
Second Charge: None
Loan Arrears: [...]
Filed under: Form n244, Kensington, cash property buyers, debt advice, homeless, mortgage arrears, repossession, sub prime, sub prime lenders | Tagged: baillifs warrant, county court, eviction, Kensington, mortgage arrears, n244, repossession | 1 Comment »
Posted on February 4, 2008 by repossessions
When Sell and Rent Back is not an option
One of the questions we get asked most is ‘Is Sell and Rent Back and Option For Me’?
The answer really depends on a number of circumstances and every situation is different, but generally speaking sell and rent back options are not feasible for those whose properties are [...]
Filed under: cash property buyers, debt advice, homeless, negative equity, repossession, sell and rent back, uk interest rates | Tagged: equity, mortgage arrears, reposession, repossession, sell and rent back | Leave a Comment »
Posted on January 20, 2008 by repossessions
We’ve been so busy since the New Year dealing directly with those facing repossession that there has been no time to update this blog.
However, a recurring theme of many conversations with those facing home repossession has been ‘Should I deal with Company X who are offering me 100% of the value of my property?’
The answer [...]
Filed under: cash property buyers, debt advice, homeless, repossession, sub prime lenders, uk house prices, uk remortgage | Tagged: 100% of market value, cash property buyers, repossession, sell and rent back | 1 Comment »
