SELL YOUR HOME QUICKLYFAQs on avoiding repossesion
How does MPG Investments help me stop repossession?
MPG investments can complete on the sale of your property in days to stop repossession. The proceeds could then be used to pay off your debts, mortgages and other expenses. After they are paid, you will receive the balance. Additionally, we could even rent you back your own home for a standard market rent.
How quickly can MPG stop repossession?
We have the ability to stop repossession right up to the date of eviction, depending upon your circumstances. Contact us as soon as possible so that we can examine your situation and find a fast, solid solution.
In some circumstances you can persuade the court to delay the repossession if you inform them about the offer for the property. They should allow the sale to go through if it is fast.
Isn't being repossed the same as selling my property for a discount?
No. With repossession, you lose all control on the sale of your property. What's worse is, while your property remains unsold you are still charged interest, which aggravates the situation.
I am in arrears with mortgage payments - will MPG help me?
Yes, as long as you have some equity in the property.
We'll assess what solution is best for you. We can also offer you the opportunity to stay on as tenants through our sell and rent back option; and you could even buy your property back from us for a fair price.
I can't attend my court hearing. What should I do?
Make every effort to attend. If you have a joint mortgage, only one party needs to be present. Your property is at risk - it is vital to make yourself available. If there is no way you cannot attend, inform the court about your position in writing and let the court know what you would like to do.
Would another loan consolidate my debts?
Another loan will bring multiple debts into one payment, but it would still mean you are paying a lot of interest. MPG has tailored solutions that are an alternative approach to your debt. You can free the equity tied up in your house and pay off debts and stop them growing. This allows you to stay in your home and rent back, or even buy back when your situation improves.
I can't make my mortgage payments - what must I do?
Your property could be at risk of repossession by the mortgage company if you can't meet your mortgage payments. MPG is the solution to avoid repossession.
Through selling your property to MPG, you are raising equity quickly to provide a solution to mortgage arrears. Our rent-back option provides a viable long-term solution which enables you to stay in your home.
The court has made an order for possession / eviction. What can I do?
You can sell your home quickly to MPG before repossession, or choose a flexible solution which pays your arrears, prevents repossession and allows you to stay in your home. MPG Investments can help you find a solution which meets these aims.
If I hand back the keys, will that solve the problem?
Not likely. The lender will sell the house but if there is a shortfall, the lender can recover this from you for up to 12 years. You will also be responsible for ongoing mortgage interest payments. This will include expenses such as locksmith costs, solicitor's fees, surveyor's fees, estate agency fees and utility bills. Avoid the stress, use a MPG solution.
Do MPG Investments make any charges for their service?
No, and that is a guarantee. If we are able to put forward a solution to save your home, we'll cover all the costs.
