If you are in danger of having your home repossessed due to falling behind on your mortgage payments, The team at Home House Buyers can help. we can in some instances prevent house repossession even on the day it’s due to occur.
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Home House Buyers
House Repossession Process
As stated above, a mortgage lender will repossess your property if you fail to keep up with your mortgage payments or pay back any secured loans on your property. Those most at risk of having their properties repossessed are those who’ve fallen on hard times. For example, you might have been made unemployed or abandoned by your partner or spouse and left supporting a property you’re ill-equipped to support.
In such situations, we can help. You might have heard horror stories of quick house buyers that have preyed on vulnerable property owners. Rest assured that the NAPB and The Property Ombudsman fully approve us, so you can trust you’re in safe and capable hands.
What sets us apart is that many other cash buyers will take months to acquire the necessary funds. Meanwhile, you’re locked into a lengthy contract, and there’s no guarantee your property still won’t be repossessed. We always have the cash to buy your property upfront before the bailiffs visit it.
Because of our ability to buy properties quickly, we offer an invaluable lifeline to property owners about to lose their homes. Plus, we’ll help you with the next stage of your move, assisting with negotiations and helping with removal services.
Home House Buyers Can Buy Any Home
The team at Home House Buyers will buy any property, from newly built flats and houses to large stately homes and modestly sized bungalows. Plus, we’ll buy your property regardless of its age or condition. Of course, it can be crawling with Japanese knotweed, damp, mould, woodworm, etc. But we’ll still make you a fair offer.
You’ll generally find that on the property market, such properties will not sell as well, if at all. And it’s not uncommon for properties to sell at a sizeable discount.
What Happens Post House Repossession?
Following a house repossession, the mortgage lender will sell the property, usually at an auction, to repay the mortgage. However, properties are often sold at less than the market value, leaving you with a mortgage shortfall. You’re also still responsible for paying the mortgage interest until your home is sold to repay what you owe.
When we buy the property from you, you’ll receive around 80-85% of the property’s value. In addition, we’ll take responsibility for any interest and sell the property to repay the mortgage, leaving you with no mortgage shortfall to worry about. Plus, we offer clients a wealth of benefits, including:
- Speedy Cash Offer
- Rapid-Fast Turnaround
- All Properties Purchased Regardless of Location, Age, Size, or Condition
- All Fees Covered
- No Lengthy Contracts
- We Handle the Entire Sales Process
You can also choose the completion date, though sooner is always better than later with a repossession.
Testimonials
If you’d like to hear what other customers have said about Home House Buyers, some of whom have faced repossession, click on our testimonials page.
Can You Trust Home House Buyers?
The short answer is yes! Home House Buyers has been operating for many years. We’ve amassed a stellar reputation with many customers who’d happily attest to our capabilities and recommend us to friends and family.
Most notably, we are members of The Property Ombudsman and the NAPB. These industry-leading organisations make huge demands on members, requiring that stringent standards are met and that we comply with all current regulations. Not that we need convincing, as we’re committed to providing an invaluable lifeline to those who need to sell their properties fast.
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Get in Touch
So, contact Home House Buyers if you’re faced with a house repossession and are desperately seeking a fast solution before your property is taken from you. We’ve helped countless homeowners prevent house repossession, even halting the process on the day it’s due to take place. So, we can intervene on your behalf even if you’re just hours away from losing your property.
If you’d like to learn more about our quick house buying service or would like to request a cash offer for your home, call Home House Buyers on 0808 612 1366. If you’d prefer to get in touch using a written method, fill out our online contact form or email info@homehousebuyers.co.uk.