This figure is up almost 50% on 2007, showing a significant number are falling foul of the tough economic climate and falling behind on mortgage repayments.
Being served with a repossession order is perhaps one of the most unpleasant realities any homeowner will face. While aggressive repossession tactics on the part of the mortgage lender can make for an uncomfortable situation, the home buying emergency service from 999 Homebuyers is on hand to cushion the blow.
Homeowners in arrears on their mortgage have very few options to stay in their home. The 999 Homebuyers emergency service has a repossession team in place to explore these options, working to deadlines to relieve financial difficulty.
Lisa Fox, spokeswoman for 999 Homebuyers said, “A typical house sale can take months to complete, whereas a 999 sale or 999 sale and rent back programme can be completed in almost no time at all. We appreciate how stressful financial difficulty is, and aim to provide the solution and the security needed to overcome the immediate problem. Once we have purchased a property, the tenant is able to remain in their home either on a short or long term basis, with an affordable monthly rent.”
Those subject to repossession and then made homeless can often find it difficult to rent a property on the open market because of bad credit rating. They also have to pay market rent and set up charges. Anyone made homeless may also be placed in an area they find undesirable with a home that they find unacceptable. 999 Homebuyers emergency service removes this worry, enabling homeowners to remain in the place they call home.
To find out more about repossession and emergency home buying emergency services, visit www.999Homebuyers.com
