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 29, 2008 by repossessions
Did you know that you can request an emergency hearing at your local County Court at any time after you have been served with a Possession Order or Bailiffs Warrant ?
Using the court form N244 you can request a fast hearing to present new evidence to the judge to either delay or cancel the order [...]
Filed under: Form n244, citizens advice bureau, debt advice, housing market crash, repossession, uk remortgage | Tagged: bailiffs warrant, county court, delay repossession, Form n244, mortgage arrears, possession order, repossesion | Leave a Comment »
Posted on February 5, 2008 by repossessions
According to ITV’s documentary Repossession Repossession Repossession (to be shown tonight at 10.35pm on ITV1) the northern city is where the highest percentage of those with serious debts and facing repossession, can be found.
The programme will claim that 29% of households in Manchester are facing serious financial problems and possibly home repossession.
Fuelled by easy credit [...]
Filed under: citizens advice bureau, debt advice, mortgage approvals, negative equity, repossession, sub prime lenders, uk house prices, uk interest rates | Tagged: debt, home equity, itv, jeff randall, manchester, repossession | 2 Comments »
Posted on December 15, 2007 by repossessions
From BBC News today
Banks ‘prey on customers in debt’
Some people are agreeing to make payments they cannot afford
Banks are being accused of pressurising customers who have financial problems to take out expensive loans to try to ease their debts, the BBC has learned.
Some banks are repeatedly telephoning customers to try to get them to take [...]
Filed under: citizens advice bureau, sub prime lenders, uk interest rates | Tagged: , bbc, debt, hsbc, sub prime, uk interest rates | Leave a Comment »
Posted on December 14, 2007 by repossessions
Reuters reported a couple of days ago that the Citizens Advice Bureau are claiming that UK home repossessions are dramatically rising due to the lender’s aggressive arrears recovery policies and brokers’ misselling.
Whilst both of these statements are undoubtedly true, and we have accused lenders of such practices on this very blog, the Citizens Advice [...]
Filed under: citizens advice bureau, debt advice, repossession, sub prime lenders, uk interest rates, uk remortgage | Tagged: , citizens advice bureau, eviction, reposesion, reposession, repossesion, repossession, sell and rent back | 1 Comment »
