Frequently Asked Questions ( FAQ ) on Repossession, Quick Sale and rent to own

Absolutely everything is private. Because we have existing investors looking for property there is no need for signage outside your house.

We have a team who can answer all your questions and we also recommend talking to as many people as possible, particularly the Credit Advice Beureu, to ensure that you’re doing the right thing.

If you just want to sell your home fast then no.If you are facing a repossession notice we always recommend appearing in person although you can send a legal representative in your place. WARNING. If you just don’t show up, the court will always find in favour of the lender so it’s important to do so.

This is always a good idea although if you’re confident and understand what you’re doing then it’s not absolutely necessary

Simple, all the documents are written in plain English. There’s no need for complication, as everything is explained up front.

Yes, in the majority of cases we can act very quickly to stop eviction and repossession which gives you a chance to sell your home quickly which will save you lots of money.

This is a program where with only a minimal deposit you can move into a house and put part of your rent towards building up a larger deposit. This money gets deducted from the purchase price each month so when you approach the bank in 2,3 or 5 years time you’ve already got your deposit paid and you can show that the mortgage is affordable for you. If you decide later that you don’t want to buy the house after all. You don’t have to. It’s your choice.

With banks expecting 15-25% deposits many people can never save up that kind of money while paying rent. This lets you get into your home and build up your deposit at the same time.

No matter what you current financial situation, whether it’s bankruptcy or County Court Judgement (CCJ), buy your house this way gives your credit history time to recover and by paying the regular rent shows affordability and good conduct. We even provide you a statement of payment history to take to your lender to show the regular commitments.

Although you must have some deposit that’s exactly why the Rent to Own program works so well. For as little as 3% deposit (depending on the property but the maximum is 13%) you can get into your own home.

You can choose to buy any time within your option period. Within the year or as long as 7 years.

No need for a H.I.P. (Home information Pack)No Solicitors Fees until you actually want to buy

There is absolutely no obligation to buy the house. If your circumstances change or you just want to move then just let as know.

If the price of you house goes down we where that as you don’t have to buy. If the price of houses goes up that’s FANTASTIC as THAT MONEY IS YOURS. The price you pay is fixed so this means you have a bigger share of the property which the banks love.

Usually we can have you moved in within the month. Sooner if the property is already Repossession and Eviction FAQPlease call us or e-mail any questions ( FAQ ) that aren’t answered here

As with anything, the sooner you act the better, however with the right information we can stop repossession right up to the date of eviction.

NEVER, pay an unsecured loan (that means credit card, store card and most personal loans including car, boat or motorbike) before your mortgage.

This is the No. 1 mistake many people make, which is part of the reason for getting into difficulty. Unsecured Lenders will ALWAYS be the first ones to start chasing missed payments because they have a very difficult time getting the money from you otherwise. Mortgage Lenders and as concerned as they know they’ll at least get most of their money by repossessing and selling your house.

SO, ALWAYS, ALWAYS pay your mortgage first and THEN, if there’s any left, pay the other debts.

If you’re getting pressure from your unsecured lenders, give us a call to ease your mind or contact the local Citizen’s Advice Bureau.

This is a very slippery slope. Although, if you can, it is worth a try as it will reduce your monthly outgoings but often it just defers the problem.If the new loan is a secured loan (and often it needs to be to attract a lower interest rate) you run an even higher risk of repossession

Mortgage Payment Protection Insurance (MPPI) is also known as accident, sickness and unemployment (ASU) cover. Like any insurance policy, these are only as good as the policy you took out. Most policies are specific to that loan so while one loan is being paid, many of your other debts aren’t and an ever deepening hole is being dug.Remember, that these policies also have what’s called a “deferment period” which means often you have to be off work for a minimum of 4 weeks before you can claim and many claims for “pre-existing” illness are declined.

You still own the house even though you aren’t allowed to live there. The lender has strict procedures (and time consuming) they must go through to sell your house. All the cost of Real Estate Agents, Advertising, Auctioneers, Locksmiths, Cleaners, Maintenance and solicitors will all come out of your share of the sale price. Many people trash the property in frustration after being evicted only to discover it costs them £1,000’s in repair bills (or £10,000’s lower sell price).You can see how finding your own buyer can literally save you £1,000’s

We can sell your house in days not months. Because we are backed by professional investors who have funds available we aren’t restricted by chains or many other limitations other purchasers have. We try to accommodate any timescale you may have

Yes you can. There have been recent changes regulated by the FSA (Financial Services Authority) on how this is to be done and who may do this. We've found that many of our customers prefer the fresh start approach of getting out from under the burden of the property and often we also assist in finding other suitable property

Many people opt for a totally fresh start. If however you would like to stay, that is also an option.

We pay your Legal fees in full (using our recommended solicitors as they understand how important it is that things are done promptly) There are no fees, no Real Estate Agent Fees, No advertising charges, no valuation charges, no commissions or hidden costs of any kind. Of course you may want to use your own solicitor of which we are very happy to accommodate but you would be responsible for their fees which you may negotiate with them.

We are not looking to promote ourselves in front of your house. Our service is totally confidential. No For sale or Sold signs or any other form of advertisement.

Our service is designed primarily to meet your needs. Although time is often important to our customers, we understand it is just as important to have all your questions answered completely before taking any action. Speak to our friendly team who can answer all your questions. FAQ's

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Office: 3 Teal Beck, Kendal, CUMBRIA, LA9 7RQ

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