When Illness Means you need to Sell Your Home

Facing a period of prolonged or serious illness is very traumatic for the person concerned and has a huge effect on the wider family.  For people who have not yet reached the age of retirement, illness is likely to have a dramatic effect on their income and ability to pay off mortgages or other loans secured on their home.  Some people choose to take out insurance policies to safeguard against this type of situation but if you don’t have any such insurance, financial worries can become a real burden at a time when you least need it.

If you are seriously ill make sure you are claiming all the benefits to which you are entitled.  Your local office of the Department of Work and Pensions will help you with this and there are numerous other groups, both government and privately funded, that are there to offer you support and help you through this time.  The Citizens Advice Bureau will also be able to tell you what is available and point you in the direction of other agencies that can provide assistance.  These services are there for people in your situation, so don’t be afraid to make use of them.

Try not to get too worried about your circumstances as additional worry is likely to hinder your recovery.  If you have had an accident that wasn’t your fault you might be entitled to claim compensation and you should speak to a solicitor to find out how to go about making a claim.  But no matter what the cause of your illness you need to ask for help in sorting out any financial problems before they threaten your home and your family.  Don’t bury your head in the sand, however tempting that might be, because your problems won’t go away and are likely to get worse.

If you are facing a considerable amount of debt and you simply can’t continue to live in your home and pay your mortgage, you might want to consider selling your home to pay off your debts.  In these circumstances you will want the sale to be quick and to be dealt with in the most efficient way.  Property Rescue will do all that for you and will make a guaranteed offer for your home, no matter where it is or what condition it’s in.  You may not want to move until you recover, or you may want to stay in your home long term after you sell.  Property Rescue offer a scheme whereby you can rent back your home after it has been sold.  Your debts will be cleared but you won’t have the hassle of moving, which may be exactly the right solution for you at this time.

Whatever you decide to do you should take as much advice as you can get from the people who are supporting you.  Rest assured that Property Rescue won’t force you into doing anything that you don’t feel happy about; their offer is entirely without obligation and you are free to decide not to go ahead if you wish.

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