Households in serious arrears or facing repossession have few options and need to move quickly. The longer it takes, the more your debts increase with management charges, solicitors and agent's fees.

The right to repossess the house is written into the terms and conditions when you took out the mortgage. Any lender – be it a building society or bank – they will protect their interests by registering what is known as a “legal charge” against the property at Land Registry. They do this to ensure that the lender’s loan is satisfied first when you sell your property and they are the first creditor to be paid if you have other loans.
The “legal charge” or “Mortgage Deed” is a document which states that if you do not keep up with your payments on the loan, the lender can “repossess” your property and sell it to pay back the loan.  Typically a lender will instruct legal proceedings, if you miss more than two payments, to recover the monies owed.

There are several stages to repossession that you will have to go through before you are provided with an eviction date.  If payments are not satisfied the lender will instruct solicitors to apply to the courts for a repossession order to repossess the property.

Once the property is repossessed you will be “evicted” and then sadly left homeless. The lender will look to sell the property for a quick sale, at a greatly reduced price and any monies left over are then repaid to.
With QuickSale4Houses.co.uk you have a solution - sell your property using our fast buying process. This can be initiated no matter what stage in the repossession you are in - even though we do not  recommend you to leave it until the latter stages as this will result in more legal cost and affect your credit record. We can purchase your home swiftly, enabling you to repay your mortgage and clear your arrears. Early contact with us could even leave you with cash and a clear credit record, allowing you to carry on living without the stress.

We have the credibility and fast-track record to facilitate the purchase of your property. Being an established UK-based company we also offer many benefits to our clients, starting with a free property value assessment anywhere in the UK, a guaranteed and fair cash offer to purchase followed by a swift sale within as little as 7 days.

With also offer a sale and rent back option where we will buy your property from you, and then rent it back to you.
This means our clients can solve their financial and accommodation problems in one transaction.

Sale and Rent back is ideal for customers who
 

• Want all the benefits of selling to a cash buyer without the hassle of moving into rented accommodation.
• Need to release equity in their homes to pay off loans, invest in a new business or other reason but don't want to leave their home.
• Facing repossession, mounting debts or mortgage arrears. A sale and rent back scheme can pay off debts without having to leave your home.
• Worried about property prices falling - By selling today customers can lock in any profits made from property increases.
• Avoid an expensive equity release scheme. These are generally targeted at older customers and because of their long dated nature; it means they are very difficult to evaluate the true cost exactly.