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House repossession
You see, getting credit has been simplified to an extent that it now all too easy to borrow more than you can actually afford to pay back. Finance companies have made it so simple to lend money that it is, in fact, easier to borrow more if you are defaulting on current credit arrangements than if you have no credit at all.
FACT: Due to the recent global credit crunch, there are now whole towns in Midwest America boarded up due to repossession.
So, due to your mortgage, remortgage or any secured loans, if you have been threatened by your bank or finance provider with a house repossession order, do not panic, you are not alone and there are solutions available to help you in this worrying time.
Stop repossession
You have several options open to you, all of which revolve around your property. You can enter into further credit agreements like debt consolidation loans, further remortgages and secured finance like bridging finance. All this type of borrowing involves using your home as security, and whilst it may give you a quick fix, and stop repossession for the time being, your terms of agreement like time scales and monthly repayments are going to increase. If you struggle to keep up with your debt at the moment, imagine, six months time, and you have had to pay more out each month. Inevitably, you are going to be back in the same boat.
Stop house repossession
Our option is quick, easy with no further credit commitments AND can not only stop house repossession, but can also salvage your credit rating.
Look at this way, your house gets repossessed. You and your family are without a home, AND you are still paying the mortgage or loans secured on your home until it is sold. Any monies that are not recouped after the sale still have to paid by you.
We have our sell to rent back solution which is probably the safest and most viable alternative used by home owners in the UK today. This is how it works.
You sell your house quickly to us, its called a quick sale. The proceeds from the house sale can be used to pay off your creditors. You are now debt free and also salvaged your credit rating. NO MORE DEBT!
You then simply rent back your home from us as a tenant, short or long term. You and family are not without a home. You carry on living in your family property. Whilst you are no longer a property owner (if your house would have been repossessed, you would be anyway), you have released the equity in your home to pay off your debt, you have gone a long way to repairing your credit history AND you have kept a roof over your family.
Enquire about our quick house sale with or without the sell and rent back solution by telephone, by email or by using our online enquiry form.
Avoid repossession once and for all.
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