Stop Repossession Today
Repossession Help
Have you been threatened with court action and reposession if you do not clear your arrears? Do you have a court date set for your hearing? Are you anxious to find out the solutions open to you?
If you have answered yes to any of the above questions then help is at hand!
It can sometimes be difficult trying to negotiate a payment plan with your mortgage lender to clear the arrears and stop repossession when it seems that they are more concerned about retrieving their money rather than anything else.
The option of increasing the monthly mortgage payment to reduce and ultimately clear the arrears is a fine solution to those who can afford it the increase, but what if you are unable to?
Again, another possible short term solution might be to switch your mortgage from repayment to interest only, but what if you are already paying Interest only on your mortgage?
If you feel as though you are unable to approach your lender then you might wish to speak to an impartial qualified mortgage advisor for help.
If you have available equity in your property and you can satisfy affordability criteria then it is highly likely that you will be eligible for a repossession remortgage - despite whatever stage your repossession proceeding!
By switching lender, redeeming your mortgage and arrears balance, you could even reduce your mortgage repayments thus allowing you to get back on your feet.
02-May-2007
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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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