Stop Repossession!
Repossessions stopped - help and advice available from Shire Direct...
Worried about an impending repossession? It is possible to stop repossession and Shire Direct can assist by getting repossessions stopped but it's imperative that you act quickly to enable us to stop the repossession proceedings.
A condition of your mortgage is that you will maintain your contractual obligations to make payments to the lender in accordance with your mortgage contract. If you fail to keep up your contractual repayments, under the terms of your mortgage, the lender will be entitled to apply to the courts for Repossession of your home if you have been unable to reach an agreement as to how the arrears should be repaid.
Here we'll take a look at why repossession proceedings usually arise and the available help from Shire Direct when it comes to getting repossessions stopped.
Stop Repossession: Repossessions stopped help and advice - table of contents:
Repossession Proceedings...
In our experience, repossession proceedings usually arise as a result of one or more of the following:
- Illness
- Redundancy
- Reduction in income
- Family difficulties, such as bereavements or relationship breakdowns
- Financial over-commitment
- Financial mismanagement
Important things to know about house repossession and repossession proceedings...
- If you are faced with repossession, you must act quickly.
- Repossession proceedings, that is the process of being evicted and losing your home, will without doubt be a very frightening experience for you and your family.
- You must take the matter very seriously - but you should not panic.
- You should not stick your head in the sand!
- The problem will not go away, it can only deteriorate if left.
- The issuance of possession proceedings is just the start of a series of legal processes, and if the correct and considered action is taken, repossession can often be stopped.
- We are geared to help you to confront the problem, and solve it.
If you fail to take action and your mortgage arrears situation persists or worsens, the the lender will commence action in the courts for repossession of your home, and apply for a warrant for the eviction of all occupants of your home.
Stop repossession in final stages: I have received a Possession Order, can Shire Direct still help me stop repossession?
You'll be pleased to know that yes we usually can stop repossession in the final stages!
We have to put our expertise into top gear, but you should remember that the court can be approached any time up to the date of eviction for an application to suspend the possession on the basis that you can resolve the situation.
It is vitally important that you are carefully advised at this precarious time, and that you don't jump out of the frying pan and into the fire! Our qualified advisor will conduct a financial review with you, so that they can properly advise you of your options, and make a suitable recommendation. This may not only involve remortgaging your home with a new lender, and paying off all your arrears, but may also include consolidating your other debt in order to restructure your finances to a comfortable position where your outgoings are manageable and affordable!
The solution will usually involve switching your mortgage to a specialist lender who will take into account the higher risk because of the seriousness of threatened repossession.
How to stop a Repossession...
Although this type of action is very frightening, it is very important to remember that repossession is is not automatic. If we can assist, we will ensure the correct procedures are set in motion - fast! It may be possible to stop the repossession proceedings at any time prior to eviction. Shire Direct can often help, even after a Possession Order has been issued.
We state again: if you are faced with repossession proceedings, you must act quickly! Please do not hesitate to contact us. You'll find our service to be friendly yet professional, helpful, caring and not in the slightest bit stuffy.
So if you are facing repossession get in touch with Shire Direct quickly, and we'll see if we can find a solution for your financial difficulties and stop repossession. You can call us on Freephone 08000 282 281 seven days a week from 8am until 10pm, alternatively you can enquire online at any time. Act quickly to ensure we have the best chance of helping you stop repossession!
The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
