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As levels of personal debt continue to rise, many home
owners who have mortgage repayments to make are
finding themselves facing increasing financial difficulty. By failing to
make their monthly mortgage repayments
and falling into arrears they risk losing their homes through repossession
by their mortgage lender. When this
happens, the lenders want to get their money back quickly and are likely
to sell your property for whatever
price they can get. As a result you could end up getting nothing for the
sale of your property, or even worse,
still be in debt if then lender sell your property for less than what you
owe. There are options available
however, that could allow you to clear your debts without losing your
home. One solution is to remortgage
your home and hopefully raise enough money to pay off your existing
mortgage and outstanding debts. The
downside of this is that with a larger amount borrowed and quite often
at
a higher interest rate you may risk
falling into debt once again.
USE OUR ONLINE PRIORITY FORM!
CASE STUDY 1
Mr + Mrs M from Carluke had bought their council house 5 years ago, 2
years ago Mr M lost his job, the family
were living on benefits and a carers allowance for his wife. After losing
his job Mr M re-mortgaged their house
to avoid re-possession and to pay off mounting debts. Again with debts
mounting 18 months later Mr M took
out a secured loan from Black Horse Finance at a high rate of interest.
Now with total debts of £56,000
secured against their 2 bed terraced house Mr + Mrs M decided they could
go on no longer, total finance
cost were £667 per month and every month they were sinking further and
further into debt. R.J.M Properties
agreed to pay £62,000, pay their legal costs and rent their property back
to them for £370PCM. Completion
took only 14 days.
Another option is to sell your property in order to access the cash tied
up in it and then rent it back,
retaining a home for your family as long as you like. There is no
disruption and your friends and family need
never know. A growing number of organisations now offer this service, not
only to those facing repossession,
or court action for other debts, but also to homeowners who want a quick
sale without the hassle of
preparing their property and putting it on the market.
The process involves an initial valuation of your home followed by a
realistic cash offer. Those who wish to
continue living in their home will be offered a rental figure which is at
or below the current market rent. The
advantage of this option is that it allows a rapid release of the cash
tied up in the property which people can
use to clear outstanding debts without losing their home or for any
purpose they wish.
The sell and rent back
option is COMPLETELY CONFIDENTIAL.
CASE STUDY 2
Mr + Mrs S from Paisley had recently returned from 6 months working in
Canada and decided they wanted to
emigrate out there. They contacted R.J.M Properties and we agreed to pay
£45,000 for their 2 bedroom flat,
they could now pay off all their debts and move on to a new life in
Canada. See how RJM Properties might be
able to help you start over!
Many companies running these schemes are 'south' of the border, with a
premium rate phone number and you
only get to speak to an operator. RJM Properties are based in southwest
Scotland near Portpatrick and owner
Richard J Matthews has been involved in the property market in Ayrshire
and Dumfries & Galloway, for many
years and is well known in the trade. Furthermore, you are provided with
his direct contact mobile number
which is available to you to discuss matters in confidence. You will also
be comforted to know that you will
be dealing with local people 'north' of the border who understand your
needs and the current market. As
many people have already discovered, you may still be able to sell your
property and rent it back, raising
enough money to clear all your debts, make a fresh start with your
finances and still enjoy the comfort of
your own home.
USE OUR ONLINE PRIORITY FORM!
SELL THAT PROPERTY - FAST! |
