Alistair Darling to Stop Rent Back Evictions

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.

Now There’s Even a House Prices Crash Calculator

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.

Stop Repossessions Org UK Sees Rise in Negative Equity Repossessions

As 2008 marches on and the global and economic situation looks ever more bleak, so are the tales we are hearing from UK homeowners facing repossession.
Back in 2007 a rough estimate would be that 70% of those people who contacted us by phone or email had some difficulties with their mortgage repayments, were in arrears [...]

Does Alistair Darling Want You To Be Repossessed?

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?

Facing Repossession? Don’t Borrow More Money!!

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 [...]

More Homeowners Face ReMortgage Hell as Lenders Pull 100% loans

Homeowners facing finance problems may be a step closer to repossession as mortgage lenders pull their 100% loans.
This means that for those who need to remortgage soon, not only are rising interest rates from sub prime lenders and falling or static house prices an issue, but they may now find that they are unable to [...]

How to Stop Repossession With a Court Form N244

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 [...]

Real Life Repossession Cases – Mrs B vs Kensington Mortgages

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: [...]

50% of Repossessions Are By Sub Prime Lenders

 
According to statistics published today by BBC Radio 5, FIFTY PERCENT of all repossessions in 2008 involve sub prime lenders.
No surprise there then?

Except that sub prime mortgages only make up 6% of UK mortgage lending.
Among the other fifty percent the highest number of repossessions are being brought by high street lenders Britannia Building Society, Bradford [...]

Sub Prime Lender Kensington Pulls No Punches in Home Repossessions

In the last few weeks we have had numerous calls from desperate homeowners who have gone to court to try and make an arrangement to pay off their mortgage arrears and ask the judge to suspend a possession order.

All of these callers have said the same thing.
The Judge asked the lender’s solicitors to speak to [...]