TELL US YOUR POSTCODE
LETS SEE IF WE CAN HELP YOU
For an immediate online response, start by filling in your postcode to see if we buy in your area.
One of our regional representatives will call you in order to discuss your specific requirements. Armed with this, we can customise a solution to your individual needs.
We strive to make you an offer within 48 hours, and if you accept, we can complete the purchase according to your time frame in as little as 7 - 10 days.
"My house had been sold within 2 days of me calling them! Not only that but I can still live in my home. I would highly recommend them to anyone who needs to sell their house quickly" - James Eldridge
If you get repossessed, you lose more than just your home!
In the current economic climate, repossessions have reached an all-time high in the UK, if you are facing repossession; not only do you risk losing your home but your name will also be added to the possessions register. Following this, your credit rating will be adversely affected making it extremely difficult to gain credit/mortgages in the future.
Once the lender is in possession of your property, they owe you a 'duty of care' to try and sell the property at the best possible price to cover your debt. In reality, most repossessed properties are sold at auction or as part of a portfolio at a largely discounted price. Until the property is sold you will remain liable for any mortgage payments, costs of repairs/maintenance and insurance.
Once sold; the lender will use the proceeds to:
- Pay back what they are owed
- Pay any agents and legal fees incurred in the process of sale
- Repay any other creditors registered on the title of the property
If there is a shortfall in the money from the proceeds of the sale the lender will send you a bill for the shortfall and may be able to go to court to force you to pay this amount. The lender may also apply for a court order enabling them to place a 'charging order' over any subsequent property you may own in the future to reclaim the outstanding amount from that property.
Here at Property Equity Solutions we are used to dealing with repossession cases and can help stop the repossession process at any time – even on the actual day of repossession. One of our representatives can even arrange, if necessary, to accompany you to court to produce evidence that the property is being sold to obtain a stay of repossession until the sale goes through.
Let us help you to stop repossession now by requesting a no-obligation on-line offer or calling us free on 0800 0122674 for a confidential chat.