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Having your property repossessed is certainly not an experience that any homeowner would like to go through. However, it is a bitter reality for thousands of people each and every year. In fact, estimates have found that up to 100,000 homes are repossessed each and every year in the UK. But did you know, that many of these could have been avoided?
Yes, it’s true. Being able to stop house repossession is possible if you are willing and able to sell your house fast and thus pay off any outstanding mortgage payments. Contact us today if you’d like a free, no obligation valuation on your home!
This service is one that we offer here at We Buy Any House UK and we are proud to help homeowners by stopping them from losing their homes. But first, let’s take a quick look at what happens when you start missing mortgage payments:
How does your property lender respond?
Once you start missing mortgage payments, what happens is your mortgage account falls into what is known as arrears. This can happen for a number of reasons, most commonly being if you become suddenly unemployed so don’t have the income to pay. This is certainly not a good situation to be in, but the banks can be quite strict on you if this occurs. Once you start missing mortgage payments to your bank, not only will your credit rating take a massive hit, you also face losing your home.
Falling behind with payments on your property is known as falling into arrears. Once you fall into arrears, the lender will contact you and try to work out some sort of financial agreement that is more suitable for you in the short term. However, if you are unable to meet these requirements and continue to miss payments, then they may well begin the process of taking your home. This usually happens anywhere from 3 to 6 months of your account being in arrears.
The lender will first need to take you to County Court, whereby the appointed judge will attempt to get you and the lender to sort out some kind of repayment plan. If you fail this within the pre-set time period, then the bank has the legal right to take the property. If you are at this stage now, or scared of reaching it, then there is a way to prevent it.
If you cannot see your financial situation improving within the foreseeable months, then the most effective way to avoid property repossession is to sell your house. Once you do so, the buyer will effectively pay off your outstanding mortgage balance and you will be free to move on, without the financial pressures being placed on you by the lender.
This comes with it’s own risks. When you consider traditional house sales, you have to consider quite a few things. Estate agents can’t offer you a guaranteed sale. They also can’t guarantee how long your house would take to sell, or whether you’d need to invest money and time into making the house sellable. If you have spare money and time, you could look into how much estate agents charge and look at freshening up your house ready for viewings. You may need to be prepared to accept low offers as often a hurried renovation can look a little messy. People can do up a house if they have enough experience in property and find themselves a lucky quick sale.
However, the typical process of selling a home can easily take 6 to 12 months, which simply may not be enough time. Well, to effectively stop the whole process now, you can instead choose to go for a fast house sale. Such as the one offered by us here at We Buy Any House UK, where we can offer to buy your home in as little as 7 working days, for a fair market price.
The benefits of a fast house sale
The benefits of a fast house sale are very appealing. This includes:
– A speed sale of as little as 7 days
– Receiving a fair market price, without endless negotiations
– No lengthy legal processes
– No need to pay expensive lawyers and solicitors
– The chance to buy a new home without any stress
We can guarantee to buy any property in as little as 7 days from you filling out our simple form. If you’re in arrears, or you’re worried about losing your home, contact us today. Even if you’re just assessing your options, getting a free valuation with no obligation to sell can only help.
Stop stressing about whether or not you will lose your home by selling it before the worst happens. We Buy Any Home UK can offer you a fair cash valuation and can complete in as little as 7 days. Fill in our form today to find out more.
The We Buy Any Home UK approach to stopping repossessions
If you’re looking to save your home and your family’s finances, then We Buy Any Home UK is here to help. We do not judge you on your existing financial state, as we understand the pressures of managing a family and maintaining a home. Especially during tough economic times. So here is our tailored three step approach to buying any home fast before it gets repossessed:
1. Placing an enquiry
First off, we need to hear from you. All you need to do to get started is fill out our straightforward online enquiry form. This will require you to enter a few basic details about you and the home you wish to sell. It should take you less than 2 minutes.
2. Speaking to our specialists
Afterwards, our specialist team of trained house buyers will review your enquiry and contact you with a fair market quote. If they require any additional information, then they will contact you to discuss this. Together, you can come to an agreement that pays you a fair amount within a timeline that suits you.
3. Transferring the funds
Once the agreement has been reached, all you need to do is sign and we will handle any confusing transactional processing. As speed is of the essence, we will carry this stage out as quickly as possible. We aim to achieve this in as little as 7 days, but it can be slightly longer in some circumstances.
When it comes to time sensitive decisions, it important to get all the information you can quickly, and then make up your mind. If you choose to get a valuation from ourselves then you will be under no obligation to sell. We can offer you free advice and a free valuation on any property. Once you have all the information you need it’s important to not let time fritter away. If you are in arrears, or are close to, then it’s time to take the bull by the horns. We can offer you a fair cash price for your home today. Once your house sale is sorted and all the stress is over, you’ll be glad you chose us to help you with your house sale.
Why choose us to avoid mortgage repossession
If you’re facing losing your home, it’s important to go with a safe bet. Whilst you might believe that traditional estate agents can help you, they don’t offer any guarantees. They will also expect you to do up your house before it can sell. With all this to do even before you start viewings, the whole process begins to cost far more than you expected, and also offers no timescales or guarantee of sale. This is where we come in, we can guarantee a fast sale on any property within the UK, at a fair price. It’s no wonder we’re the UK’s favourite house buying service!
Get a guaranteed fast sale
If you are worried about losing your home, then We Buy Any Home UK is here to help. We truly do care about you and your financial state, and aim to stop any family from going through the painful process of mortgage repossession. Here is what helps our team stand out:
– We reduce all legal processing to a minimum
– We offer a rapid sale process of between 7 and 28 days
– We focus on taking the stress off you and placing it on us
– We can help even if you are in the initial stages of having your property repossessed
– We buy any house ANYWHERE in the UK
– We have decades worth of combined house buying experience
Stop the stress of having property repossessed
Stopping house repossession is possible. It is that simple. And our team of caring, hardworking house buyers have the knowledge and experience to get the job done and overcome any hurdles that may crop up. And we’ve made the process of getting started 100% straightforward and easy.
It really is just as simple as filling in our form, and seeing what we have to offer. If you like what you hear, we can get your house sold in as little as 7 days! Then you can stop stressing about whether your mortgage lender is going to steal your home from you. Simply fill out the request form on our site and we will get back to you with a 100% free, no obligation quotation in as little as 24 hours. After that, we can speak to you in greater depth and see if this is an arrangement that would suit you and help you avoid repossession. So stop delaying and get started today.
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I needed to sell as fast as possible, I got a fair offer and got to complete in a week!
I couldn't afford to do up my house to sell. Your Assisted Sale option is a life saver!
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