How Can I Help?

Bereavement | Divorce or Separation | Financial Difficulties
Negative Equity | Moving Away | Repossession Help | Repossession Process

Bereavement

If you have recently suffered bereavement we can offer a quick, painless solution to sell your home quickly without hassle and further costs.

I can help you by taking your mind off the sale of the house that has been left behind. I’ll help take the strain and make sure that the process is completed quickly. This allows you to focus on friends and family and other matters which need your attention. I can provide the support you need both legally and financially.

Divorce or Separation

Divorce or separation can be emotionally very difficult times for anyone, coupled with the prospect of having to sell your home can be overwhelming. I can buy your home very quickly so that you can raise equity to enable you to make the break that you need to quickly. This will allow you to move on and focus on the future, removing the negative mind-space your previous relationship may be occupying.

Financial Difficulties

You may have found yourself in a situation where you are not able to meet financial commitments like mortgages, loans, car finance and bills. I can offer a quick solution to clear your debts so that you can start afresh and get on a better path for the future.

Following your phone call to us we will call and value your home for no charge. I will then run through the different options open to you.

Negative Equity

You are in negative equity if your property is worth less than the amount you still owe to your mortgage lender (or any other lenders who have given you a secured loan). It may be difficult to sell your home or to get credit.

What causes negative equity?

Equity is the difference between the value of your home and the amount you borrowed to buy it. If you get a £75,000 mortgage to buy a home worth £100,000, you have £25,000 in equity. If property prices fall and the value of your home drops to £50,000, you would probably have £25,000 in negative equity.

You will be more at risk if you have:

• fallen behind on your mortgage payments
• borrowed a large proportion of the property’s value
• increased the size of your mortgage when property values were high
• taken out other loans using your home as collateral
• a mortgage with high interest rates.

Moving Away or Abroad?

You may be in a situation where you are moving outside the area or abroad for work. Homes can take some time to sell on the open market and sales can quite often fall through, sometimes several times. This uncertainty makes it hard to plan and can create worry at a time when your mind is on other things.

I will guarantee to purchase your home within a specified time frame. As there is no chain we are set up for a speedy purchase you can be sure of a fast sale. This will allow you to focus on that new property you are purchasing or life abroad.

Repossession Help

Repossession can be an absolutely terrifying prospect, however, I am here to help; here’s how…

Many people try to ignore the situation and pretend it is not happening. This is not the best course however, you should try to do something about it, after all it is your home we are talking about!

If you have had any letters or threats of eviction then we can help. In most situations it is not too late to stop the eviction to ensure that you can stay in your home.

The easiest and quickest way to avoid repossession is to sell your house. I can usually complete this process within 3-4 weeks. If necessary, I can do this even more quickly if required. If you are facing the prospect of having your home repossessed fill in your details on this page

If you are unsure what stage you are at or what you face next or whether your home is about to be repossessed, download our free report now.

Repossession Process

Once you have missed 1 payment with your lender you are in arrears. You will usually get a letter showing this shortly afterwards asking you to explain how you intend to repay the money. Once you have missed 2 payments they are legally entitled to start repossession proceedings against you.

The Process

The lender will arrange for their solicitor to send you a letter advising you that if you don’t pay off your arrears within 7 days or respond with an adequate proposal for how you will pay them off court proceedings will commence.

Possession order

When you don’t pay the arrears back to their satisfaction the lender will then go to court to seek a possession order which marks the start of the repossession process. The judge will then set a hearing date at this point at which you should be present.

The Judge will decide whether or not you can repay the mortgage and look at more flexible terms and a different period. The Judge will want to give you as much chance as he/she can to repay the arrears and will see repossession as the last option open to them after every other route as been investigated. It is probable that the case will be adjourned (delayed) to a later date to allow for more information to be obtained. A new hearing date will be set at this stage.

If an agreed arrears payment schedule can be agreed then a suspension order will be issued. This means that the repossession order will be temporarily be placed on hold. However, if this new payment schedule is not kept to the lender is then able to obtain an eviction order without any further court hearings.

At the second hearing the judge will only suspend the order if there is a change in circumstances e.g. a buyer for the house or change in your employment status. The buyer is then normally required to pay off the arrears quickly and the house is sold within 4 weeks.

Eviction Order:

If the Judge decides that you can not pay off the arrears and/or you will not be able to afford the ongoing mortgage payments he/she will then set a date for you to leave the property. This order will then be enforced by bailiffs at a designated time with an estate agent quite often to put your house on the market to sell.

If you are still there they will usually give you around 10 minutes to collect your belongings when they will escort you from the house. The locks will then be changed. If you are not there the bailiff has the right to break into the property to gain possession.

Around 2 weeks later you will be allowed to revisit the property under supervision to remove your possessions. Bailiffs are not flexible, the will not negotiate and will just do their job to evict you.