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What is the best way to avoid repossession?
If you have unresolved mortgage arrears, a bridging loan or repossession loan might help you prevent being taken into repossession. Then your debt will be moved to the new lender, and your previous lending institution will cease all repossession actions.
How long do I have before the mortgage company can repossess my property?
Much will be determined on the number of months’ worth of mortgage arrears. When there has been no contact with the lender for more than three months, a legal action for repossession of the home is typically taken. Note that you will have the chance to argue your case in court, therefore we encourage you to fill out the N244.
Where can I find independent information on how to stop repossession?
There are a number of charities and not-for-profit organisations that can offer FREE advice on how to stop repossession.
These include: Shelter, Citizens Advice, National Debtline, The Business Debtline, The Debt Advice Foundation and The Money Charity.
How can a We Buy Any House company like Stopping Repossession help prevent repossession?
In most situations, we can simply advise you on how to deal with the problem by communicating with the mortgage lender. This frequently implies that there is no need to sell the property if you don’t want to. We may complete the transaction in 7 to 28 days and incur no estate agency or legal costs.
Can I sell and rent back my house (to stop repossession)?
Yes, you may sell and rent your house. However, please be aware that this market is now controlled by the Financial Conduct Authority (FCA). To provide this service, businesses must be authorized by the FCA.
Complete and submit our quick form or if you need URGENT HELP call 24/7 on
0800 731 9188