If you are faced with mortgage arrears over 3 or 4 months then the majority of lenders will have already begun talking about repossession if you cannot catch up with these arrears. In this case taking repossession help and advice is essential. If you do nothing about the arrears and they continue to mount up the lender will take you to court and this can mean you are evicted from your home and will have to move out.

One way of avoiding being repossessed is to make a house sale. If you choose to take a sale and rent back agreement with a regulated company then you would have the cash in your pocket from the sale and you would also be able to remain in the property by paying monthly rent. However you may wish to consider the rental term is not for the long term.

You could apply online and know if this was a suitable option for you to avoid losing your home and make a sale for cash of your home. However you typically do not get 100% of the full value of your home so you may wish to look into other options before going ahead.