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 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 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 January 20, 2008 by repossessions
We’ve been so busy since the New Year dealing directly with those facing repossession that there has been no time to update this blog.
However, a recurring theme of many conversations with those facing home repossession has been ‘Should I deal with Company X who are offering me 100% of the value of my property?’
The answer [...]
Filed under: cash property buyers, debt advice, homeless, repossession, sub prime lenders, uk house prices, uk remortgage | Tagged: 100% of market value, cash property buyers, repossession, sell and rent back | 1 Comment »
Posted on December 14, 2007 by repossessions
Reuters reported a couple of days ago that the Citizens Advice Bureau are claiming that UK home repossessions are dramatically rising due to the lender’s aggressive arrears recovery policies and brokers’ misselling.
Whilst both of these statements are undoubtedly true, and we have accused lenders of such practices on this very blog, the Citizens Advice [...]
Filed under: citizens advice bureau, debt advice, repossession, sub prime lenders, uk interest rates, uk remortgage | Tagged: , citizens advice bureau, eviction, reposesion, reposession, repossesion, repossession, sell and rent back | 1 Comment »
