Facing Repossession
"The tightening in credit follows five interest rate rises since August 2006 which are affecting demand."
Angela Balakrishnan, The Guardian
Why you should avoid Repossession
- Financial loss as the bank sells your home for whatever they can get to recover their money, leaving you with none of the equity that you once had tied up in the house.
- You may be left in negative equity, with no home but still have a debt to the bank
- You may be credit black listed - making it difficult to get a mortgage or other loans in the future. In addition, future loans are likely to be more expensive.
- Banks use auction houses to sell repossessed houses, often just taking what they can get for them (sometimes up to 40% off its true worth), leaving you with nothing, or worse still, spiralling debt.
- You will be forced to move home
How we can help?
In arrears on your mortgage:
We can buy your property in 7 days if required, even quicker if required, leaving you to pay off your debts and move on. You can even remain in your home as a tenant under our Sell and Rent Back scheme, and you remain in control.
Repossession Order received:
Even if you have received a repossession order, don't panic! There still may be time to prevent your home from being repossessed. Harwood Home Buyers can help “Stay” the order , which means, an order will be made, but will not be enforced for an agreed amount of time giving you the opportunity to sell your home fast. We can complete in 7 days, leaving you to clear your debt, keep your record clean and move on with your life. You can even remain in the house as a tenant if you use our Sell and Rent Back scheme and we can even offer rent free periods while you find your feet again.
Repossession proceedings have begun:
Harwood Home Buyers can help you 'adjourn' the actual enforcement of the Repossession giving you time to sell your home fast. Again, if you wish to reamin in your home as a tenant, take a look at our Sell and Rent back scheme.
In summary:
- We can act quickly to stop the repossession using our eviction lawyers and specialists.
- You can remain in your home as a tenant using our Sell and Rent back scheme.
- We can offer rent free periods in some cases.
- We can give you a guaranteed offer within days.
- You incur no costs - we pay all your legal fees and valuation etc...
- Use sale proceeds to help clear your debt .
For more reason to use Harwood Home Buyers - click here
