Repossession can occur in any town or city across the UK; however, it seems that there are some repossession hotspots in the UK so you may want to find out if you are unlucky enough to be living in one of them. One city has been distinguished from others; Nottingham it seems is top of the list of 22 places in the UK. Homeowners in Nottingham are at a higher risk of losing their homes to repossession. Unemployment is blamed as the reason why so many lose their homes.

If you live in Nottingham and have fallen into mortgage arrears you may want to look into being able to sell your home and rent it back with a company that offers you the chance to sell your home in just a few weeks. Selling and renting back is one way of ensuring that your mortgage lender will not repossess your home. You can sell and then remain in the property by renting back for affordable monthly rent. You usually are also given the option of being able to buy back the property in the future.

However if I lived in Nottingham and wanted to sell my house and rent it back this way, I would ensure that the company I chose to sell to was a regulated FSA company.