Sell Your House Fast For Cash
In order to achieve a faster sale would you be prepared to accept an offer of upto 75% of the current market value of your property.
House debt? Mortgage arrears? Late mortgage payments?
Sounds familiar? Bankruptcy levels are rising rapidly, but there is a way to break the chain of debt escalation. With a UK wide deep recession, house debt, mortgage arrears and late mortgage payments are unfortunately commonplace. Debt must be repaid (with interest) and not so very long ago when credit was easy to obtain, people on low incomes found it all too easy to borrow and fall into the spiralling trap of debt.
With monthly repayments they couldn’t afford, the only option seemed to be to take out more loans or run up greater credit card bills. Debt becomes a vicious circle – and remortgaging your home as a way to pay off what you owe can get you into deeper trouble.
If house debt, mortgage arrears or late mortgage payments are amongst your financial difficulties and you are thinking of consolidating your debts – STOP right now and think carefully. Your property will be at risk, your family will lose its home and what if you lose your job, or the interest rate rises? Every mortgage loan is obliged to state that “your home is at risk if you do not keep up your mortgage payments and any loans secured on it.” Fact is, fall behind in your repayments and your home will be repossessed.
Further borrowing is never the answer. Insolvency or bankruptcy could be just around the corner.
It’s no joke. If you are declared bankrupt you will lose your property, your assets and will no longer have any control over your finances – even your income. Moreover details of your bankruptcy will be published in the local paper and emotionally, it can be extremely damaging. Even if you are discharged after a 5 year period, a record of your bankruptcy is retained for up to 15 years so it could be a long time before you are able to obtain any kind of credit again.
If you are troubled with house debt, mortgage arrears or late mortgage payments there is a way forwards. If you are fortunate enough to have equity in your property, you should sell it as rapidly as you can and use the proceeds to repay as much debt as possible.
Even if you have little equity or no equity in your property JB Property Solutions can help. Please contact us by email or call us today on 0800 195 7519 for more details.