Home repossession in the UK can be a worrying situation to be in. 2nd Chance Housing specialise in getting your Repossession or Eviction Stopped.
Our specially trained operatives will speak to your lender and arrange for your repossession or eviction to be suspended whilst the sale of your property takes place.
We have formed relationships with many lenders over the years in which we have been trading which in turn have resulted in the lenders knowing that our offers are Guaranteed.
When a property is purchased with the help of a mortgage or secured loan, the lender will usually protect their interest by registering a “legal charge” against the property. You would have signed one when taking out your mortgage or secured loan. This means that when your house is sold you have to repay the lender first.
A legal charge also states that, should you not keep up the repayments, the lender may repossess your property. Once it becomes a repossessed property the lender can then order the property to be sold resulting in recovery of some or all of the money you borrowed.
The lender will be looking to sell your repossessed property as fast as possible in order to recoup their money and reduce any further costs. This may mean that they sell the property for less than what you owe, leaving you with an outstanding debt and at risk of being taken to court again in order to reclaim it.
http://news.bbc.co.uk/1/hi/england/devon/6388909.stm
The easiest way to stop repossession is to sell your home. We can purchase your home in a simple convenient way, without the stress normally associated with selling your house.
We will agree a price of up to 80% of the current Market Value to purchase the property and with no hidden costs or upfront fees you can enjoy:
* Providing your rent is paid in full and on time each month.
Click Here to find out how 2nd Chance Housing can help with your repossession worries.