House Repossession

According to the statistics of Council of Mortgage Lenders, House repossession rate in UK has increased in the recent years, and still tends to rise. These statistics tell that there were more than 40,000 repossessions in 2008. This figure is significantly higher than that was in 2007, a total of 25,900. At the end of 2008 a total of 219,100 mortgages were in arrears of 3 months or more. This figure was 166,600 at the end of third quarter of 2008 and 127,500 at the end of 2007. So increase in arrears is also alarming.

According to the terms of your mortgage agreement, the landlord or Mortgage Company legally owns the right to take your house from you in case you are unable to pay back the arrears. If the tenant is not ready to vacate the house, the landlord will require getting eviction order from the court, in order to take the possession of the property.

Experience of being house repossessed is extremely painful and emotionally disturbs not only the adults but children too. Children face the pain of changing schools, loosing their friends and have to start in a new surrounding. Relationships are disturbed or even destroyed, both at family and personal level. To avoid such emotional and critical situation you must act in a positive way, without any delay. You must not let your house possession taken by the bank or mortgage company.

We can save your house, you may not have to sell it

You need to act quickly, so that our team of experts, at Save My Cave, can analyze your situation and suggest the most optimum solution to stop repossession of your house.
You can call FREE on 0800-43-22-999, to speak with our advisor. Or fill out 2 minutes Consultation Form to provide us information about your situation.