Around 67% of lenders believe that the number of repossession in 2010 will rise. 50% of them think that repossessions will increase by 5% while 6% of lenders believe that the rise will be over 15% this year. The reason behind the results is excessive overspending on credit cards and other forms of unsecured borrowing. Those in debt are struggling to keep up with their unsecured debts, which sadly also affects the ability to repay their mortgage repayments and so sees them fall into mortgage arrears.

If you are one of the many who is struggling to meet their mortgage repayments or who have fallen behind on their repayments then you may wish to look into ways of avoiding home repossession.

One way you might be able to avoid losing your home is if you choose to sell your house and rent it back with a company offering you this option. When you sell home and rent back you remain in the property by paying rent that is affordable and you have the chance to purchase the property again in the future for an agreed sum of money. You can apply for a sell and rent back option online, and within 24 hours get an idea as to how much you could sell the property for.