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Unfortunately, the number of house repossessions is increasing.
The Council of Mortgage Lenders released figures in the summer
of 2005 revealing a 51% increase in the number of home repossessions
comparing the second half of 2004 with the first half of 2005.
This followed almost thirteen years of continuous decline in the
number of mortgage repossessions.
However, if the worst happens to you and you find yourself facing
repossession, there are steps you can take to avoid losing your home.
How can Mortgages for Bankrupts help?
Do any of the following apply to you?
- Do you have mortgage arrears of three months or more?
- Is your mortgage lender threatening repossession proceedings?
- Have you already received a court hearing date for house repossession?
- Have you been evicted within the last 28 days?
Mortgages for Bankrupts' specialist team of advisors can help you to
take the necessary action to avoid repossession and remain in your home.
In the first instance we can arrange for the suspension of repossession
orders to give you time to consolidate your position and arrange to
re-mortgage your property.
By the time a repossession order is issued it is likely that you will
have missed several repayments on your existing mortgage and this
will have an adverse effect on your credit rating. Even so, there are
mortgage lenders who are willing to provide loans to individuals in
this position. Restructuring your mortgage through one of these
companies will allow you to pay off the existing debt and make a fresh start.
If you find yourself having difficulty meeting your monthly mortgage
payments, or have already missed one or more payments, it is important
that you act quickly to prevent the situation spiralling. Mortgages
for Bankrupts can help.
Fill the form below or call freephone 0800 915 3950
for free confidential advice.
Our postal address:
6th Floor Grafton Tower,
Stamford New Road,
Altrincham,
Cheshire,
WA14 1DQ
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