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Avoiding repossession in Scotland, selling or keeping your home


Quick Guide  Quick Guide An over

Avoiding repossession in Scotland and trying to keep your home can feel like a tall order.

Avoiding repossession in Scotland means acting quickly. If you're facing repossession in Scotland your lender will have started legal action in one of three ways.

 

 




 

 

Serving a calling up notice - gives you a maximum of two months to pay off the entire outstanding balance

 

Serving a notice of default - gives you a month to pay-off arrears.

 

Applying for a Section 24 notice - you will receive an initial writ and confirmation your lender is making an application  to the court to force repossession of  your home.

 

A key difference between the calling up notice and the notice of default is that a calling up notice asks the borrower to repay the whole loan rather than just make good the arrears.

 

In all cases, avoiding repossession in Scotland, means applying to the court for a section 2 order to have the action suspended unless you arrive at an alternative solution.

 




 

Avoiding repossession in Scotland and keeping your home...

However, the further into the process you get, the more your range of options narrow and the harder it is to avoid repossession. The longer you leave it the more likely you are to need specialist help - which can take a number of forms.
 

 

Avoiding repossession in Scotland means getting on with the things you can do to help yourself.

Hire a solicitor - seek legal advice at the outset and speak to one of the no-cost organisations like Shelter or CAB.

Communicate with your lender and try to agree an arrangement for paying off your arrears.

Find out how much you owe broken down into arrears,  any settlement, redemption or penalty charges and the balance of the loan.

Find out the current value of your property in case you decide its best to sell your home fast.

 

Helping homeowners avoiding repossession in Scotland
Aberdeen Angus Argyll
Ayrshire Banffshire Berwickshire
Caithness Clackmannan Cromarty
Dundee Dumfries Dumbarton
East, West and Mid-Lothian Edinburgh Fife
Glasgow Inverness Kincardine
Kinross Lanarkshire Moray
Nairn Peeblesshire Perth
Renfrew Ross-shire Roxburgh
Selkirk Stirling Sutherland
Wigtownshire    

 


"I'd already left my house because I couldn't cope. Sell Your House Quick Help kept my lender off my back and bought my house quickly. I even got cash back in my hand."

Mr McC,  Denny FK6

Reaching the end of the road..Avoiding repossession in Scotland by selling your home.




If you feel you have exhausted all the options for stopping repossession on your own, the clock doesn't stop ticking. And giving up is a dangerous tactic. The consequences will follow you around for years to come.

Some people do give up - especially if they've already moved out of their property. However, this is a short-sighted approach, and you could well find yourself being pursued for a shortfall for years to come. This is because your lender may sell your property for less than you owe. So don't give up on avoiding repossession in Scotland.

 

If you're unable to pay-off your arrears or come to an arrangement with your lender finding a buyer you can sell your home fast to is ultimately the only way to stop repossession. Or the only way to clear debts quickly to get a fresh start.

Selling your house may be your last resort for stopping repossession or clearing your debts. But only you can decide whether a cash house sale is in your best interests.

We'll help you get a fresh start..

No matter why you're facing repossession in Scotland..

  • Interest rates too high?

  • Paying-off secured loans?

  • Credit card bills?

  • Reduced income?

  • Out of work?

  • Divorced or separated?

  • Just back in work?

  • No spare cash?

  • Deadline looming?

  • Unsympathetic lender?

..We'll deliver a fair and flexible solution..fast.

We can buy your home quickly and offer you the security of a sale timed to meet any deadlines your lender has set.

Just because you've run out of options doesn't mean you won't get a fair deal. No matter what the numbers look like we always try to leave our sellers with some cash left over from the sale. That's what we mean by fair.

And fast? We use a number of techniques to speed up the sale of your house, including using specialist solicitors and concluding missives quickly. We can also (with your permission) liaise directly with your lenders helping to take the pressure off you.

 

 

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Avoiding repossession in Scotland

We promise not be judgemental about your personal circumstances. However we do need to develop an understanding of your situation in give you the best possible help.

We work with different teams of specialist Scottish property lawyers experienced at helping people facing repossession in Scotland. We can also assist with court appearances and negotiating with lenders.

Call our free phone number 0800 043 0669 or alternatively complete the form below and we'll contact you within 24 hours for a confidential no-obligation discussion about your options.

 

 

 

 


I am facing repossession or financial difficulties - can you help?
Please note that all fields followed by an asterisk must be filled in.
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E-mail Address*
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What is the estimated value of your property?*
What is the condition of your property?*
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How quickly do you need to sell?*
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Less than two months
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What is the nature of your enquiry?
Facing repossession
Financial difficulties
Mortgage arrears
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Repossession


Scotland


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