Debt Problems | Stop Repossession | Sharpes Property Auctioneers

According to the Independent newspaper in January 2018, the FCA (Financial Conduct Authority)  renewed an appeal for people with interest only mortgages to urgently contact their lenders. Their concern lies in the significant number of such homeowners who lack any means to repay, resulting in them being homeless at the end of their term. Historically, homeowners with such mortgages weren’t made fully aware of the risks or had not addressed the issue of how to repay the capital. Although the FCA has successfully reduced the number of interest only mortgages being sold today, it is believed that there are still 1 in 5 mortgages, that’s 1.65m still out there, many of them still ignoring their lender’s attempts at communication.

Are you in financial difficulty and do you need a quick house sale?

If you are facing financial hardship, one of the easiest ways to release any equity in your home is buying selling your house fast. Sharpes Property Auctions can alleviate the stress caused by mounting loans and debts by helping you to sell your property quickly. Selling at auction means that you can be guaranteed of a quick sale, because successful bids are legally binding and sales must be completed within 28 days of the auction date.

 Have you been struggling with your mortgage repayments?

The most common reason for properties being repossessed and being put up for sale is when an owner fails to meet their mortgage repayments and consequently falls into arrears. Mortgage lenders then apply to the courts for a repossession order, which is then usually followed by an eviction order. The sale of the property will go towards clearing the debt of the previous owner.  If you find yourself facing the threat of repossession due to being arrears with your mortgage, let us help you sell your property to clear your mortgage debt. It’s not only private home owners who face financial difficulty. We have assisted buy-to let investors and developers of new builds and flats as well.

Calling All LPA receivers, Insolvency practitioners or representatives of high street banks

Sharpes Property Auctions are preferred providers for solicitors, LPA receivers and insolvency practitioners wanting to achieve a quick property sale. The best way to recover losses quickly is via our auction. There are a number of advantages of selling repossessed homes or homes under the threat of repossession at auction. Lenders have a legal obligation to achieve the best possible price and selling at auction means lenders can get a quick sale at a guaranteed minimum price and within a guaranteed time frame. Once the hammer falls, the contracts are drawn up and the sale is completed within a month thereby avoiding the long, drawn out uncertainty associated with traditional property sales.

If you are thinking about selling your house or property with Sharpes Auctions, call one of our regional offices today on 01274 731217 or 0161 302 9782 or visit www.sharpesauctions.co.uk and complete our enquiry form for a free, no obligation property appraisal.

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