How to stop repossession explained

There is an incredible number of repossession in the U.K. predicted this year, the Council of Mortgage Lender (CML) have predicated around 65,000, but you will be glad to know that this is less than what the predicted at the begin of the year. If you are one of the unfortunate people looking to try and stop repossession of you home, there are a few things that you can do.

Yes, not all is lost, below are ways in which you can stop repossession of your property.

• Contact Quick Purchase.
• Seek financial advice and understand what your financial commitments are.
• Communicate with all your creditors, especially your mortgage company

Contact Quick Purchase.

If your lender/secured loan company have commenced the repossession proceedings or you have an eviction date already, then call one of our representatives and stop repossession of your home today. We have an expert legal team who are able to stop repossession taking place, enabling us to purchase your home and rent it back to you if you wish to do so. We will purchase your home between 25 - 30% below market value, and the equity left over gets paid directly to you but your solicitor. If you would like us to recommend you a solicitor from our panel, then this comes at no cost to you, we will pay all their legal charges.

Please see: www.quickpurchase.co.uk/content/stop-repossession

Seek financial advice.  

Seeking financial advice is a great option especially if you think you are about to start missing mortgage payments, or if you have mortgage arrears already and repossession proceeding have commenced. Understanding if there is anything you can do, before you have to look into trying to stop repossession, may be vital. The financial advisor may be able to come up with a solution where you are able to pay your financial commitments without loosing your home.

Please see: www.quickpurchase.co.uk/content/repossession-advice-financial-advisors

Communicate with your creditors  

If you have missed a payment with any of your creditors i.e. your mortgage company, then get on the phone to them straight away, before they call or write to you. You may be pleasantly surprised because they may find a solution which will help you with your payments. Don’t ignore the fact that you have not paid them and think that every thing will be ok, because it won’t be. In some cases they may offer you reduced payments for a set period, payment holiday to get back on your feet or set up a plan in order to pay the arrears off.

Please see: www.quickpurchase.co.uk/content/your-property-mortgage-arrears www.quickpurchase.co.uk/content/your-property-mortgage-arrears-non-payment www.quickpurchase.co.uk/content/avoid-repossession-arrears-utility-compa...

If you would like to speak to one of our representatives to discuss the above article, please don’t hesitate to contact us on 0800 5999 000 or 01245 227 303 or alternatively visit our website and you can request a call back. (www.quickpurchase.co.uk)