The ripple effects of bankruptcy. When it comes to bankruptcy, it’s often a last resort for homeowners that are drowning in debt. Whilst it may offer relief and a fresh start, bankruptcy carries with it loads of consequences, some immediate and others that hang around for years. Beyond the debt, the stigma attached to bankruptcy […]
The ripple effects of bankruptcy. Read More »
Is your credit score bouncing back after home repossession? Experiencing home repossession from mortgage arrears is a significant financial challenge, impacting more than just your immediate housing situation, as it can leave a lasting mark on your credit score. With strict credit reporting rules and lender scrutiny, the journey back to financial health may be
Is your credit score after home repossession bouncing back? Read More »
Is your property being sold by your lender at below market value? We are hearing from homeowners that have received a repossession order, that their home is being sold at below market value and they are confused as to why this is. Unfortunately in the eyes of your lender, this is purely a business decision
Is your property being sold by your lender at below market value? Read More »
The UK property transaction process can be so boring! Just recently I heard that the Governments Levelling Up Committee had launched an inquiry into improving the home buying and selling process in England which peaked my interest, so I decided to do some research and here’s what I found: Currently and at its core, the
The UK property transaction process can be boring. Read More »
Does an outright possession order mean you have run out of time? An outright possession order in its simplest form, is a legal directive that grants your lender the right to take possession of your property due to failure to meet mortgage payments. This order is the end result of a legal process initiated by
What is an outright possession order? Read More »
How’s your understanding of Legal Aid in the UK? Legal Aid was designed to be a significant part of the support structure for individuals facing debt stress, including homeowners, providing a crucial lifeline for those who are financially unable to afford legal representation or advice on their own. Its main purpose is to help cover
How’s your understanding of Legal Aid in the UK? Read More »
What are your costs of going to court for a repossession hearing? Falling behind on your mortgage payments is one thing, but having to face a court hearing which may result in you losing your home is on another scale, not to mention the costs of going to court. I had a look into this
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If you are needing to renew your mortgage but not sure where to start, this may be of help. If you are looking to renew your mortgage in the current financial climate, then you don’t need reminding that it will need careful consideration. I did some research into what the best practises for this process
Have you ever had to use the services of a debt help organisation? Financial hurdles can be a common experience these days, especially with rises in the current cost of living and inflation. Whether it’s grappling with debt, managing mortgage arrears, or seeking advice on financial planning, the right guidance is so important! Thankfully, there
Have you ever had to use the services of a debt help organisation? Read More »
Repossession timeframes for homeowners following a court order. I have been asked in the past about how much time you have before having to vacate, once a repossession order has been granted by the court. There is a timeline from the moment you receive a repossession order, to the arrival of the Bailiffs, but the
Repossession timeframes for homeowners following a court order. Read More »
