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 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 13, 2008 by 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 [...]
Filed under: Kensington, debt advice, homeless, mortgage approvals, mortgage arrears, repossession, sub prime lenders, uk house prices, uk remortgage | Tagged: auction, debts, Kensington, mortgage arrears, quick sale, reposesion, repossession | Leave a Comment »
