Property News > Eviction? It Doesn’t Have to Happen toYou!

Eviction? It Doesn’t Have to Happen toYou!

Repossession Orders rose by almost 30% last year. That's a massive increase in people who have come under threat of losing their homes because they have been unable to meet their mortgage repayments.As the average house price increases so too does the average home loan. New loans are being made at many multiples of salary, far in excess of what lenders were prepared to offer a few years ago. Added to the recent interest rate rises and the possibility of more rises on the horizon, it is hard to see how home-owners already on the brink of financial viability will be able to remain solvent.Running up mortgage arrears is not something that happens through choice. Almost everyone in this situation wants to clear their debt and get rid of the dark cloud hanging over their heads. Property Rescue gives home owners the ability to do that by guaranteeing to buy their homes and - if they wish - offering them the opportunity to rent back the property as a tenant.This enables people to clear their debts yet remain in their home. This means less disruption for their family in the short-term but offers the option for the tenant to buy back their home in the future when their finances might be more stable.For more information on how the buy and rent-back scheme works, or to ask any questions about eviction and repossession, contact Property Rescue.Repossession Orders rose by almost 30% last year. That's a massive increase in people who have come under threat of losing their homes because they have been unable to meet their mortgage repayments.As the average house price increases so too does the average home loan. New loans are being made at many multiples of salary, far in excess of what lenders were prepared to offer a few years ago. Added to the recent interest rate rises and the possibility of more rises on the horizon, it is hard to see how home-owners already on the brink of financial viability will be able to remain solvent.Running up mortgage arrears is not something that happens through choice. Almost everyone in this situation wants to clear their debt and get rid of the dark cloud hanging over their heads. Property Rescue gives home owners the ability to do that by guaranteeing to buy their homes and - if they wish - offering them the opportunity to rent back the property as a tenant.This enables people to clear their debts yet remain in their home. This means less disruption for their family in the short-term but offers the option for the tenant to buy back their home in the future when their finances might be more stable.For more information on how the buy and rent-back scheme works, or to ask any questions about eviction and repossession, contact Property Rescue.

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