5 Steps to Stop A Repossession

Do you want to stop repossession from happening, but don't know how? Here is a 5-step mortgage freedom plan to help you overcome your repossession situation.

Step #1: Talk to your mortgage provider. Property repossession is likely to be seen as a last resort by your mortgage company. If you can work out a schedule of payments with them, then you can stop repossession in its tracks. To help your negotiations with your mortgage provider regarding the repayment of your mortgage arrears, have a schedule of income vs. expenditure with you so it is clear to them (and to you) just how much in the way of repayments you can afford.

Step #2: Consider a property sale and rent back option. Should you be unable to reach a satisfactory agreement with your mortgage company then you will need to take action to stop the repossession. One of the ways to resolve the situation at this point is to sell your home before the mortgage company get hold of it and evicts you. Of course, you might be reluctant to sell your house and move. The good news with a property sale and rent back solution is that you can remain in your property after you've sold it.

Step #3: Find a rent back solution that works for you. We are a company in the UK who will buy your house and rent it back to stop any repossession. We can tailor a financial solution to your individual needs at no cost to our customers.

Step #4: Agree the sale of your property and rent back terms. As soon as we agree on a purchase price and a rental value we will have the repossession proceedings against you dropped. We will guide you through the legal procedure of filling in the appropriate court forms to get your eviction cancelled.

Step #5: Be debt-free while renting back: On completion of the sale, you remain in your home without having to worry about mortgage payments ever again.

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