Author name: Didasko

Mental well-being, is this one of the hidden costs of debt? Financial distress can pose a serious risk to mental health. The psychological impact of debt can be extreme and noticeable, affecting various parts of your life and well-being.  For many, the continuous worry about paying off debt creates chronic stress and anxiety. This can […]

A guide to financial wellbeing and managing your money. Financial literacy is today more important than ever before. Managing money wisely is not just about saving, it’s about making informed choices that lead to financial security and a stress free life. Whether you’re planning for retirement, saving for a big purchase, or simply aiming to

What role does your mortgage lender play at a repossession hearing? As the last resort for lenders to recover outstanding debts, repossession proceedings are subject to strict legal protocols, with lenders playing a pivotal role. When a homeowner falls behind on their mortgage payments, lenders are required to follow the Pre-Action Protocol for Mortgage Arrears,

Is there any value in a personal financial statement? In today’s unstable financial environment, managing your personal finances is (in my opinion) more important than ever. In the landscape of credit scores, budget apps and endless financial advice, you might wonder if there is any real value in having one!  A personal financial statement is

Have you heard of the Government’s Breathing Space Scheme? In May 2021, the UK Government introduced a scheme that basically gives you a break from the anxiety and stress of being in debt. Officially termed as the “Debt Respite Scheme,” the program provides a temporary shield against creditors and legal action, granting individuals the opportunity

What exactly is the home repossession process? The first step is when missed payments start occurring and this is where the lender will fire an “early warning” so to speak, in the form of a letter reminding you of your agreed obligations and that you need to get back on track with payments. If payments

Do homeowners ask for help when facing repossession? Last year, the UK government launched a new service providing free legal advice aimed at helping around 38,000 people annually who are at risk of losing their homes. This program is part of a broader effort to prevent homelessness and improve conditions for homeowners. Additionally, UK Finance

Struggling with mortgage arrears? Need to sell your house fast? Here’s how we can help you sell your house fast! Our Process Simplifies Your Sale: At Repossession Help, we utilise cash transactions to expedite and streamline the home-buying process. This method bypasses the usual hurdles of strict regulations, approvals, and inspections required by mortgage lenders.

Interest Rates? Although it’s a subject that I do not know a lot about, the setting of mortgage interest rates and their impact on homeowners, is a topic that seems to “hang” around and not go away. So, I thought I would look into this subject and see what the “grape vine” has to say.