Posted on November 22, 2008 by repossessions
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 »
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 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 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 »
Posted on February 4, 2008 by repossessions
When Sell and Rent Back is not an option
One of the questions we get asked most is ‘Is Sell and Rent Back and Option For Me’?
The answer really depends on a number of circumstances and every situation is different, but generally speaking sell and rent back options are not feasible for those whose properties are [...]
Filed under: cash property buyers, debt advice, homeless, negative equity, repossession, sell and rent back, uk interest rates | Tagged: equity, mortgage arrears, reposession, repossession, sell and rent back | Leave a Comment »
Posted on November 29, 2007 by repossessions
We at Stop Repossessions Org UK have decided to start this blog in order to document some of the hundreds of home repossession cases we are involved in over any given period of time.
Obviously, those we help need to remain anonymous but all the situations are real and current. Every UK Repossession is unique, everyone’s [...]
Filed under: debt advice, repossession, sub prime lenders, uk house prices, uk remortgage | Tagged: , mortgage arrears, reposesion, repossed, repossesion, repossessed, repossession, repossion | Leave a Comment »
