PropertyHomeBuyers

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Being Repossessed?


If you are being repossessed you are facing a very difficult and stressful situation. You need someone on your side fighting your corner. Having a vast amount of experience both in property and within the mortgage industry we know what makes a Lender “tick”. Court Action should be a last resort for a lender.

Lenders basically categorise borrowers into 2 types:

• Can’t Pay

• Won’t Pay


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It is of vital importance that you are seen in the Can’t Pay category. Lenders will usually view this as you have been a good customer in the past but have hit what they see as a short term problem. If you fit into this category the Lender “should” be more willing to work out a plan with you to help you through these difficult times. If you are being repossessed and the Lender sees you in the Won’t Pay group they will be very quick to start proceedings.

This will usually start when you fall 3 payments in arrears, and those 3 payments do not necessarily have to be consecutive.


You may, for example have missed 2 payments over the last few years, but contractually you may now be 3 payments behind. If they start proceedings your options will depend on: • what type of mortgage you have • how far behind you are with payments • the reasons for your arrears (such as losing a job). Do NOT ignore letters or phone calls. Doing this only puts you into the Won’t Pay category. Answer their calls and tell them honestly about your short term problems. If the Lender is still going ahead with proceedings then you need to act fast and do something. Call us to discuss your situation and we can create a good solution for you even if you have negative equity.

If being repossessed or the whole situation is unbearable to you please call us so that we can show you how we can help. Call Today.

 

Mark & Chloe

Mark & Chloe

You Have Managed To Do What You Said You Would In The Time You Promised

“We appreciate your help so much because you have managed to do what you said you would in the time you promised. The whole process took place in only a few weeks – first class and professional from end to end. There was no small print and no hidden loopholes to worry about. I can speak for my family when I say that I’m glad we found this website - thanks again.”

- Mark and Chloe, Colchester

Mr A. Jones

PropertyHomeBuyers Testimonial: Mr A Jones

As Promised, The Sale Was Fast And Straight Forward

“The service was impressive and so was the speed. We thought we were over a barrel and your team helped us turn things around. As promised, the sale was fast and straight forward.”

- Mr A. Jones, Cardiff

Charlene

Property Home Buyers Testimonial: Charlene

It’s The Best Result And Property Home Buyers Made It Happen.

“We had literally two weeks before we were facing a formal demand and repossession but Property Home Buyers helped us to turn that situation around. My only wish is that we could have found out about them 6 months earlier! By being proactive, we stopped our repossession claim and stayed in our family home through a Buy and Rent Back scheme. It’s the best result and Property Home Buyers made it happen.”

- Charlene, Surrey

PropertyHomeBuyers Testimonial: Mr and Mrs MaloneFrom The Time We Contacted Your Company, All The Pieces Began To Fit Into Place.


“Our house was on the market with an estate agent since early 2008 and we were faced with watching it fall in value whilst our monthly payments were increasing. From the time we contacted your company, all the pieces began to fit into place. We still have our home and we are in better shape financially as a result of working with PropertyHomeBuyers. Many thanks.”

- Mr and Mrs P & G Malone, Leeds