Why is a fast property sale the best way to avert home repossession?

If you are unfortunate enough to get your self in a position where you are served with a repossession order/eviction notice you don’t have much time to find a solution. Especially one that works! You generally have between 7 – 28 days in order to pay off the debt. Not many people are in a position to find the money to clear financial difficulties i.e mortgage arrears, court costs, secured loans, etc……...

Generally the one thing most people have is Equity in their property. The difficult thing is releasing the equity, especially if you are in arrears or have been served a repossession order/eviction notice because majority of the banks/building societies won't consider people who are in this position or been in this position before.

There are only a few ways to get you hands on the equity in your property, such as:

• Remortgage
• Secured loan
• Sell the property via conventional methods

You are going to face problems with all of the above mentioned solutions.

Remortgaging your property to release equity can be a lengthy process and you are also going to find it hard to find a bank/building society to lend you the money due to your circumstance. If you are able to find a bank/building society to lend you the money, you may find yourself paying an extortionate interest rate with high monthly payments and also be liable for high fees.

Getting a secured loan on a property was a more and more popular route for people trying to get themselves out of debt. In effect you are taking a second mortgage out on your property and increasing the debt, but you are also doubling the chance of getting a repossession order/eviction notice, because you now have to meet two monthly payments to ensure your property doesn’t get taken from you via a repossession order.

Selling your property via conventional methods (via an estate agent) is generally a very lengthy process, in some cases you are looking at years not weeks in order to complete a sale. There are also all the costs to consider such as: estate agents commission, solicitors, HIP, etc, etc…….. This would be the route to try if you were not facing repossession or about to receive a repossession order/eviction notice

How Quick Purchase can help!

At Quick Purchase we are able to help you in getting your equity released from your property. Our fast property sale option is a stress free and quicker way to release equity in your property.

We are able to provide you with an offer on your property, which if accepted could be completed within days. There are no fees to pay and we will provide you with a legal expert to manage your repossession order/eviction notice. Upon completion of the sale of your property your legal representative will pay off all the debts secured against the property and forward you the equity release.

Also see:

Fast property sale 
Eviction notice
Repossession stopped

Contact us or apply online and see how Quick Purchase can help you stop you repossession order/eviction notice TODAY!