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.
Avoid Bankruptcy Charges & Trustee Fees
BANKRUPTCY CHARGES CAN DOUBLE A DEBT. You could lose your home and ADD bankruptcy fees and/or costs of up to £60,000 if you let trustees control repayment of your debt*. *A trustee charged to manage a banckruptcy and ensure all debt is repaid can charge c.£300 per hour and you could be charged a Secretary of State fee of 17.5% on the amount raised from the sale of your home to repay your bankrupt debt. Meanwhile, your bankruptcy creditors can also claim 8% statutory interest on outstanding amounts. You will save ...
Repossession Orders
WARNING: DO NOT LET YOUR HOUSE GET REPOSSESSED AS IT MIGHT GET SOLD AT A ...
Endowment Mortgage Shortfall
Endowment Mortgage Shortfall: Contact National Residential for Help Since the 1980s and 1990s, thousands of ...
The Online National Residential Estate Agency: Best Price Possible & Quickest Sale - guaranteed
