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 26, 2008 by 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 [...]
Filed under: 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: cash property buyers, mortgage arrears, negative equity, possession order, remortgage, repossesion, repossession, sell and rent back | 4 Comments »
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
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 [...]
Filed under: debt advice, homeless, housing market crash, mortgage approvals, mortgage arrears, negative equity, recession, sub prime, uk remortgage | Tagged: 100% mortgage, house prices, negative equity, remortgage, repossession, sub prime, uk interest rates | 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 14, 2008 by repossessions
Recessions are an interesting phenomenon.
This is because they are created by belief.
If everyone believes there is going to be a recession then they act accordingly. We spend less ‘just in case’ and we put off important decisions like moving house and taking on a bigger mortgage ‘just in case’.
The irony is that there is still [...]
Filed under: housing market crash, mortgage arrears, negative equity, recession, repossession | Tagged: credit crunch, gordon brown, house prices, housing market crash, john major, recession, repossession | Leave a Comment »
