House repossession

The credit crunch is hitting people hard. Failure to keep up with your mortgage repayments will bring the inevitable problems and stress. If you need to stop repossession you need to act quickly.
The majority of lenders will only repossess your home as a last resort. They usually prefer to sort out arrears problems in other ways based upon:

How far behind you are with payments
What type of mortgage you have
The reasons for your arrears e.g. redundancy

Don't ignore your lenders letters or phone calls from your lender, if you talk to them they will try to find a way round the problem and stop repossession.

Get unbiased and free advice You'll find the best places to get unbiased advice and information are the various 'no cost' organisations like
The Consumer Credit Counselling Service- this service also operates a Helpline at 0800 138 1111.
There are also fact and information sheets to download via the Advice Guide from the Citizens Advice Bureau.
The UK government has introduced schemes that will support home owners facing repossession, how easy it is to access these funds is at yet unknown.

Unfortunately some people will face repossession. For them the estate agent route to selling their home is not an option due to the excessive timescales involved – generally 6 months if all goes swimmingly well – usually though it takes longer, certainly in today's housing market.

When its too late to stop repossession the lender sells the property. If the proceeds fall short of the loan amount and their costs to recover the debt, they will come after you for the balance to pay off the remaining mortgage.
So no home, you may be credit black-listed making future loans incredibly difficult or expensive, and as a final insult you may still be paying for a home you now don’t own.
The consequences of repossession are hard to handle.

If you cannot stop repossession by using the above resources, we at Pillar Properties have the solution for stopping repossession. If you act in good time we will repay your mortgage and wipe out any arrears - avoiding repossession, letting you move on with your life without the worry of having a house repossession on your credit file.
We can offer options of a straight sale or the ever popular
sell and rentback route meaning you home life will remain undisrupted.
If you are thinking "my house is being repossessed"
Contact us now to get things back on track.

Specialist in stopping repossessions in East Lancs including Blackburn, Darwen, Haslingden, Accrington, Clayton Le Moors
Great Harwood, Rishton, Burnley, Clitheroe and Oswaldtwistle