Decision Homebuyers
There are few things in life that are more stressful that being faced with losing your house. Stamp out your stress today by calling Decision Homebuyers.
Research suggests that many people fall into trouble with their mortgage lender simply because they don't realise how important it is to keep up their payments. Despite warnings on mortgage documents and application forms, and even verbal warnings from mortgage advisers, a surprising number of people are under the impression that it's OK to miss a few repayments.
Better regulation of the mortgage market has resulted in the majority of borrowers being sold products that suit their circumstances and protect them from sudden financial surprises. These include the wide range of fixed-rate mortgages available. At the same time, however, rising house prices continue to exclude new buyers unless they take on mortgages that are sometimes as much as five times their annual salary. Redundancy or a rise in interest rates can easily put pressure on these borrowers, who may choose to skip a mortgage payment so that they can fund something they consider to be more important.
What to do if repossession is threatened
Lenders have to follow certain rules before they can repossess your property. This process can take several months and can be stopped at any time. If you can work out a new payment deal with your mortgage adviser or switch to one of their other products that may suit you better, then you can stop the process straightaway. Unfortunately for some, it's easier to leave the repayment demands unopened, hoping that the problem will resolve itself. Of course, it never does and you could be looking at a repossession order sooner than you think.
Sell your house fast to pay off your mortgage
You are still a homeowner and, whilst your name is on the title deeds, you are free to sell the house and you should use the proceeds to pay off your mortgage completely. You may have money left over so that you can start again, depending on how much the value of your house has appreciated since you bought it, and the price you get when you sell. A quick cash sale is possible with professional property companies like Decision Homebuyers, which can arrange to buy your house within in as little as 7 days giving you the freedom you need to remove the burden of debt you've been carrying.
Decision Homebuyers specialises in helping you to sell your house fast for cash. We will buy your home from you and complete your sale in as little as 7 days. For a valuation within 48 hours, call us now on 08456 341 456 or please complete our online application form.