House Repossession

House Repossession; Big cities across the country are seeing a jump in people loosing their homes by facing house repossession. What is to blame? Unexpected interest rates, rising inflation and the house market that some say is heading into trouble.

Interest rates are rising, inflation is going up and home owners are feeling the pinch of repossessions. Some estimates show repossessions rising strongly compared to historic figures, with increasing number of people and households struggling to make their mortgage payments.

You can blame high price rises and aggressive mortgage lending. More than a 3rd of mortgages are carrying adjustable rates, which means that when adjusted, the mortgage repayments will jump by a massive a high percentage There is very high number of people committed to risky loans stretching with some to the breaking point.

The rising debt and the difficulty in keeping up repayments is a big worry for many people. To keep your finances in control, it is important to ensure that other spending within the household is kept under control to keep the debt levels manageable. That can be hard to do with the wide availability of easy credit by loan companies. The objective for a household is to keep disciplined with their spending and even work towards having some savings to allow for times of further interest rate rises.

If however, you have run into trouble with your finances and your home is in danger of being repossessed, than Contact us and we can help you to resolve the situation. We can purchase your home directly from you to help pay off the debt to your lender and you can use any money left over to plan the purchase of a new home. This option stops you from loosing everything that you have worked to gain in life.

Get your house sold fast to prevent you from loosing everything.

If your house is repossessed, you will loose everything so Contact us to have a chat to arrange the sale of your home. We can purchase your home in just a few days, so even if the threat of having your home repossessed is at a late stage, we can still resolve the property situation.