No signs of repossession let up
It is not a very good start to the New Year for all those who are struggling to keep up with their mortgage repayments and those who have succumbed to mortgage arrears, and who are faced with repossession. The Council of Mortgage lenders has stated that they expect the amount of repossessions to increase this year from last year despite new proposals by the Government to help those who are behind with their repayments.
If you fear that your home will be repossessed this year then you may wish to look into alternative measures you can take to stop the lender repossessing. One of the ways is to sell property rent back with a professional company offering you the chance to sell and then remain in your home by paying affordable rent. A buy rent back solution is one way of avoiding losing your home and you are often given the option of being able to buy back your property
if your circumstances change in the future. You are able to apply online for a sell to rent back option and you may know in as little as 24 hours if you are able to sell this way. You may be able to sell your home in just a matter of weeks.
