 | David Simonds on Manchester is Britain’s … |
 | maestro on Real Life Repossession Cases … |
 | 4theluvofchrist on Beware Sell & Rent Schemes… |
 | a m on UK Land Registry Used by Sub P… |
 | LittleKitty on Citizens Advice Bureau Claims … |
Act Now to stop your repossession! Like any difficult situation it also helps to deal with it earlier than later. Stay in control of your own future.
Filed under: homeless, mortgage approvals, mortgage arrears, negative equity, repossession, sub prime lenders, uk house prices, uk interest rates | Tagged: bailiffs, bailifs, black horse, county court, gmac, posesion, possession order, possion order, reposession, repossed, repossesion, uk remortgage, warrant | Leave a Comment »
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.
Filed under: cash property buyers, debt advice, evictions, homeless, mortgage approvals, mortgage arrears, negative equity, repossession, sale and rent back, sub prime lenders, uk house prices, uk interest rates, uk remortgage | Tagged: credit crisis, credit crunch, mortgage arrears, reposesion, repossession, sell and rent back, uk remortgage | Leave a Comment »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 [...]
Filed under: debt advice, homeless, mortgage approvals, mortgage arrears, repossession, sub prime | Tagged: bbc radio 5, bingley, bradford, britannia, credit crunch, evictions, northern rock, repossession, sub prime | Leave a Comment »
