As a nation of proud homeowners, the prospect of house repossession is rather distressing. Getting onto the property ladder is hard work and often requires lots of planning, saving, and a bit of luck. Sometimes, however, events out of our control happen, such as suddenly being made redundant, meaning that you are no longer able to meet the mortgage repayments set by your mortgage lender. Consequently, this initiates the scenario of having your home repossessed. This means your mortgage lender starts the process of taking back ownership of your property, meaning that you may lose your home. This is a horrible and stressful situation but can sadly happen to anyone. The Ministry of Justice recently announced that between January and March 2016, 4,738 mortgage possession claims were recorded in county courts in the UK.
Therefore, if you feel that you will not be able to complete a mortgage repayment on time and find yourself threatened with eviction it is vital that you act quickly and find out all available options you can take to stop the house repossession from happening. Always contact your lender as soon as possible and be clear with them about your situation. By being upfront and honest, defining how much you owe, you can always renegotiate payment plans and work together to find a solution. Furthermore, try to educate yourself as much as possible about home repossessions scenarios, seek advice from organisations such as the Citizen’s Advice Bureau and understand what you and your mortgage lenders’ rights are to ensure that everything in this process is legal and upstanding.
However, if you have exhausted all other options and it has come to the stage where house repossession is looking increasingly likely, the idea of selling your home will naturally arise. Quite often, rather than taking your home outright, mortgage lenders will seek to sell your home to a new buyer. Unfortunately, having your mortgage lender sell your home rather you selling it outright will not put you in a fantastic position as it will negatively affect your credit score. In testing times, you do not want a negative credit rating to add to your worries.
Vivo Property Buyers specialises in buying homes quickly. This means that we can buy your home in 7 days and transfer the money into your account in as little as 5 working days. The speed at which you can sell your home to Vivo can resolve the looming issue of repossession quickly, giving you the funds you need whilst also removing the stress of potential court hearings and missed payment notifications.
If you have decided to sell your property to help with the situation of house repossession, it is important that you find yourself a guaranteed buyer, and quickly! With Vivo, once you have accepted our offer, we can give you a guaranteed sale. This is essential when you are after a fast house sale as it safeguards against any breakdowns in proceedings that could see your home being taken away from you.
Another reason why choosing Vivo Property Buyers is beneficial in this situation is that your home is sold-as-seen. This means that we buy your property in its current state so you do not need to bother with any home renovations as we understand that you will not be selling your home in immaculate condition. This helps you take immediate steps to solve your position.
As a small, family-run business, you can get in direct contact with us 24/7. We are not bound by office hours meaning that we can be of help in your hour of need and give you the personal service you need. Once we have agreed to purchase your home, we give you the flexibility of arranging a moving out date. This helps to make your house sale smooth and relaxing, helping you with the next chapter.
At Vivo, we see ourselves as more than just a buyer of your home and as part of our service, we pay all legal fees and can offer you free legal advice. This helps if you are in financial difficulty and face with repossession of your property. We’re happy to go the extra mile over other property buyers by recommending you a legal firm you can speak to in full confidence, and it won’t cost you a penny. We’re here to help.
If you’re new to the idea of selling your house to fast property buyers, here are our top tips and advice for when you make a decision.
If you are in need of help regarding house repossession, why not give us a quick call by free phoning 0800 773 4922 to see how Vivo can help you. If you want a bit more privacy, fill in the quick form below and we can give you an offer for your house in an hour.