If your lender serves you with a notice to repossess your home, they have to let the local council know that they’re taking this action and that you might end up homeless.
The local council should then get in touch with you to offer support and advice about your rehousing options.
However with widespread shortages in council housing and long waiting times, you may want to consider alternative options to avoid temporary housing arranged by the council.
How We Helped a Seller Walk Away From a Repossession with £20K in Profit Rather than £5K in Debt
When you are worrying about losing your home due to debt or not paying your mortgage and you are desperate to keep hold of it; it might seem counter intuative to think about selling your house. But, if you have explored all other options with your lenders and cannot realistically repay the loan or meet a payment plan, selling your property yourself is usually a much better option than letting it get repossessed. It gives you more control over the sale process, potentially allowing you to get a better price ...
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Thinking Of A Retirement Mortgage or Other Form Of Equity Release? Read This First…
From wanting to subsidize pensions to maintain a comfortable standard of living, to taking dream ...
Avoid Bankruptcy Charges & Trustee Fees
BANKRUPTCY CHARGES CAN DOUBLE A DEBT. You could lose your home and ADD bankruptcy fees and/or ...
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