Now There’s Even a House Prices Crash Calculator

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: , , , , , , , | 1 Comment »

How to Stop Repossession With a Court Form N244

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: , , , , , , | Leave a Comment »

Real Life Repossession Cases – Mrs B vs Kensington Mortgages

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: , , , , , , | 1 Comment »