House repossession
The global credit crunch in late 2007 and early 2008 initially was an American problem. Due to banks and lenders failing to talk to each other and conduct proper credit searches, led to a high percentage of borrowers actually owing more than the property they used as security was worth.
Most of these lenders where also the investors behind many of the top independent lenders in the UK. The problems in the United States led to these companies having to pull out of the UK market leading to no more easy to find credit for people with bad credit, or for people wanting to borrow more than they could really afford. This has led to a considerable increase in house repossession in throughout England, Scotland and Wales.
The crux of the problem is that the major UK lenders are not willing to offer further credit to the borrowers caught in the credit trap or debts outweighing the actual equity or even property value of the building they own or pay a mortgage on.
This is leading to lots of worried people under the threat of property or house repossession. If you are one of these unfortunate borrowers, or, if for any other reason you are under the threat of a repossession order, we may be able to assist you whilst keeping a roof over you and your families heads.
Quick house sale
A quick house sale releases cash from your property. Upon completion you simply use the funds generated from the sale to pay off your creditors. Using this form of rescue will stop repossession in its tracks.
Bridging loans
The bridging loans option is a further credit agreement which is only short term borrowing. This is ideal if you know you can reorganise your finances within one year. On this type of finance, you only pay interest charges on the secured loan until you are able to clear the full amount.
To enquire about bridging finance call 0208 905 7777 or use the quick and easy online enquiry form. |
Short term financing
|
© 2008-2011 by www.houserepossession.me.uk. All rights reserved.