SELL YOUR HOME QUICKLYMortgage payers promised a break by lenders – but will this lower house repossession numbers?
Mortgage lenders have pledged to give homeowners a welcome break by passing on the next inter-bank lending rate cut to their clients. This follows a meeting between Chancellor Alistair Darling and the main UK home loan providers.
The undertaking has been welcomed by almost 1.5 million mortgage holders who are facing drastic mortgage payment increases when their fixed-rate products expire before the end of the year. The withdrawal of cheaper mortgage options by the bulk of the lenders has left homeowners, in need of refinancing, in a dire position. Not only are their monthly payments expected to skyrocket, but the rising costs of essentials like food, petrol and heating are adding to the budget stretch, and could ultimately result in house repossession.
What is being done to help prevent house repossession?
According to building societies and banks, they are trying to find more ways to assist mortgage payers in preventing payment arrears and repossession. However, with the cost of living spiraling out of control and people finding it increasingly difficult to make ends meet, house repossession is still a distressing reality for many.
All things considered, the promised lending rate cut will bring considerable relief to homeowners. Still, there seems to be no relief in sight for other products and services affected by the credit crunch. Ultimately, it will be these budget-breaking essentials that tip the scale towards house repossession.
How can you prevent house repossession?
While the measures mentioned above work well in theory, the reality is that for many mortgage owners, it is simply too little, too late. So what can be done if house repossession is on the cards for you and your family?
MPG Investments offers a one-stop solution to all your repossession worries. All it takes is one free call to 0800 634 9231. A free property valuation assessment will be done within 24 hours of your call. Only 48 hours later MPG will give you a guaranteed written cash offer for your home. Should you accept it, the cash will be deposited straight into your bank account a few days later. In the case of a pending house repossession, MPG can move even faster. We will take care of the repossession order by buying your house, even if it is mere days, or even hours, before the order is affected.
How much will it cost to stop my house repossession?
When you sell your house to MPG, you do not have to pay any fees or commissions. Unlike other house sales you won’t pay any commission fees, admin fees, hidden costs, property valuation fees, HIP fees or even legal fees if your use an MPG-approved solicitor. The cash amount that you are quoted for your property is the full amount that you will be paid – no reductions and no exceptions.
What happens after the house repossession is stopped?
Another great thing about selling your house to MPG is the fact that you can take advantage of our Sell and Rent Back option. Simply continue staying in your house as a tenant, while paying more affordable rental rates. You can use Sell and Rent Back for up to 3 years, which will give you more than enough time to get your finances in order and your life back on track.
Don’t let the effects of the credit crunch cause you and your family any more distress. Contact MPG now and look forward to a debt-free tomorrow.
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