Do you need to stop your house repossession in London? Whatever stage of the repossession process you face we will help you. We have over 10 years experience providing solutions to property owners who are having difficulties with their mortgage companies.
The most important factor if faced with this situation is to act quickly and decisively. Communicate with your mortgage lender and keep them informed about the steps you are taking to settle your mortgage arrears. Your options to negotiate and reach compromise agreements with your lender will reduce the longer your arrears are outstanding.
If you have been served an eviction warrant or if you have an eviction date you should contact us immediately. We will help you obtain a county court hearing by completing form N244. Judges are keen to avoid repossessions wherever possible. We will help you complete the form by providing valid reasons with plausible timeframes to settle your arrears. Even if you have previously served an N244 form this will not prevent you from serving the form again. However, you will need a convincing argument to persuade the judge to suspend the eviction a second time. We can help you to formulate that argument.
Stop your House Repossession
Wherever you are at in the repossession process, we can help you to stop your house repossession. The closer you are to your eviction date the more important it becomes to contact us quickly and discuss your exact circumstances.
We can stop an eviction from taking place at any time providing we have all the correct information. Naturally, the more time we have the greater the chances of avoiding eviction from your home and the more options are available.
To find out how we can help please enter your postcode or call the above freephone number. You may also find it useful to read some of the below articles on the subject of property repossessions and finally, the government website provides a comprehensive overview of the repossession process.
According to the latest figures released by the housing charity Shelter.org, the city of London has the highest number of property repossessions in the entire United Kingdom. The declining market for buyers, plus the possible negative effects of Brexit means this should come as no great surprise. If you are unfortunate enough to find yourself a victim of this process, you may be confused and frustrated. However, it’s crucial you appreciate some basic facts. Reading this article will help you understand why a document known as Court Form N244 can come in handy. If you complete it correctly and at the right time it could help you to stop (or postpone) a government-sanctioned repossession.
Although it may be true that the United Kingdom is emerging from a protracted recession, the London housing market is still taking hits. Indeed, recent articles have shown that tenant evictions and repossessions are at a six-year high. While it is naturally impossible to stop repossessions completely, we are forced to wonder what factors may influence this trend and perhaps more pertinent, what might the remainder of 2016 have in store? Let’s take a closer look and see if we can find any answers to these important questions.
It seems that the holiday season is once again upon us. While many will be thinking about spending time with friends and family over the break, there are others that will require a fast London house sale. Whether this arises from the need to avoid a repossession, the inability to pay for recent renovations or the prospect of a job abroad that requires immediate relocation, the fact of the matter is that January can be an extremely challenging time for those searching for an efficient property sale. This is particularly the case when we see that many analysts have observed housing prices continuining to soar throughout London and other portions of the country. What are some of the best methods to adopt if you are set on selling a London home quickly?
The number of homes seized by lenders jumped by 48% in the first half of this year as borrowers, squeezed by the credit crunch and rising mortgage costs, defaulted at levels not seen since the early 1990s property crash. Reported on Guardian online.
With interest rates static at 5%, living costs and fuel prices rocketing increasing numbers of people are struggling to keep pace with mortgage payments, and other debts secured on property.
The Ministry of Justice said 28,658 house repossession orders were made by the courts in England and Wales in the second quarter of 2008. This was up 24% on the same period in 2007 and 4% higher than the first quarter of 2008. Records show that 1.5 million people have current mortgage deals which are about to expire.
Over the last decade investing in property has been a hugely profitable strategy. Those who bought investment properties in 1996 were purchasing an asset with a gross yield of more than 9% financed with borrowing at interest rates below 7%.
The sale of my property was well managed with regular communication and advice and support provided throughout the process. The company also provided legal support through one of their panel solicitors which was professional friendly and reassuring during what was a complex sale. They are trustworthy and reliable and I would recommend this company to anyone looking to sell their property. Thank you for making this a much easier process. R. Mangal, Leyton, London, E10