Repossession Advice
If your lender is taking repossession proceedings against you it is most likely a difficult and stressful situation. This page is here to give you advice on repossession and how to avoid it.
The first thing you should do is talk to your lender, let them know your situation and try to come to an agreement that you can stick to. Your lender has a responsibility to give you information on other places you can seek advice and information and also to deal fairly with you at all times. Repossession advice and help is available from your local council, the Citizens Advice Bureau and charities such as Shelter.
Advice on Avoiding Repossession
In the vast majority of cases it is advisable to avoid repossession. The main downsides to repossession and eviction are that you are forced to leave your home, it has a detrimental effect on your credit rating and you may still owe your lender money after it has completed. Only the courts can order an eviction.
In order to stop repossession you will need to come to an agreement with your lender to either continue monthly repayments or to pay the loan off completely. This agreement may be ordered by the judge who sits in your hearing.
Quick 3 steps to avoid pepossession
- Contact DFB to complete a quick fact find
- DFB will then contact the court and your lender to stop repossession
- Your FSA regulated sell and rent back application can then proceed as normal
One way to pay off the loan is to sell property and use the sale proceeds. The judge may grant you time to try and sell property on the open market, however this may be time pressured and relies heavily on how much interest you can generate from buyers. Another downside to this is that you have to move out of the home.
Sell and rent back from DFB Housing Solutions is a great way to avoid repossession. Hundreds of people use this because of the benefits that we can offer. We will deal directly with your lender and with the courts to stop repossession proceedings and give you time to complete your sell to rent. All the secured debt is cleared and you may receive a cash lump sum and you could reduce your monthly payments as well.
For free, no obligation advice on repossession contact us today
Call us 0844 50 40 788 or 01388 748 883
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Testimonials
sale and rent back solution will take account of how much debt there is secured on your property and how much cash you would like in your bank after clearing that debt. The rent that you pay to your landlord will be set at a level that is affordable to you. FSA regulation of Sale and Rent Back Before making any enquiry make sure that the company is FSA registered and authorised to provide sale and rent back. DFB Housing Solutions is authorised with full permission that allows it to carry on regulated sale and rent back activity. For free, no obligation advice contact us today Phone.
John Smith - London
GET HELP WITH REPOSSESSION FROM AN FSA REGULATED PROVIDER
The FSA (Financial Services Authority) have been administering a regulated sale and rent back agreement since 2009. Full regulation began in July 2010.
Across the UK hundreds of financial advisors and debt advisors introduce clients to DFB Housing Solutions because they trust us to offer a dedicated and professional service to their clients.
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