How Your Mortgage Lender Will Complete Any House Repossession
Before taking possession of your property, a mortgage lender must petition the court. This is called taking possession action. However, a mortgage lender must give homeowners a reasonable chance to arrange for any arrears to be paid. This is conditional on whether you have the financial means to pay the arrears.
If homeowners can make an acceptable offer to stop repossession of their home, the court will issue a suspended possession order. This means that providing homeowners adhere to the terms of the order, they will be allowed to stay in their home and stop repossession.
However, if the court decides that a homeowner cannot make an acceptable offer to repay the arrears, they may issue a suspended possession order. This means that provided homeowners can keep to the terms of the order, they can stop repossession.
Upon petitioning the court, should the judge decide that a homeowner cannot make an acceptable offer to repay the arrears, they can issue an outright possession order. This order states that your mortgage lender can take possession of your property, and homeowners will be given a date to leave the property.
In this event, Springbok Properties is here to help you stop repossession. Call our expert customer service team TODAY on: 0800 068 7935 for comprehensive advice on your rights, and how we can help you sell your home fast.
Why Springbok Properties Can Help You Stop Repossession of Your Home
The cost of trying to stop repossession of your home can be substantial. Between legal costs, court costs, bailiff costs and accrued interest on your mortgage, homeowners face a substantial bill.
In addition, once banks have decided on a house repossession, properties are auctioned. The drawback of auctioning a property is that buyers will expect to offer significantly less than the market value of your home.
Springbok Properties can sell your home fast, at no upfront costs to help you stop repossession. With properties sold at up to 99% market value, we can save you the strain of auctioning your home to stop repossession.
Our online property portal receives 180 million searches each month. This allows us to actively market your property to serious buyers to help you stop repossession. Using Zoopla, Right Move and Prime Location to name but a few, we advertise your property where buyers & investors are looking buy & exchange quickly.
Springbok Properties also has a database of property investors from across the UK to help you stop repossession. With more than 2400 sales agreed across the UK in the last 12 months alone, we can certainly stop repossession of your home and secure your financial future.
To find out how we can sell your home and stop repossession in as little as 7 days, call our award-winning customer service team TODAY on: 0800 068 7935.