Negative Equity has become an issue for many of us. Unlike repossession you don’t need to be in financial difficulty to find yourself in negative equity. You may have simply bought your home at the top of the market and paid more than the house is now worth and therefore owe more than you could sell for.
Negative equity is not a huge problem if you and your family plan to stay in your home long term and ride out the credit crisis. It may take many years for the price fall to be corrected but it doesn’t matter too much as long as you can meet the payments on your mortgage.
Remortgaging and refinancing can both become near impossible when you are in negative equity. In fact even if you have 5-10% equity it can still be a problem. Whilst you are on your lender’s standard variable rate (SVR) and the Bank of England interest rate remains low, you can probably afford your payments easily.
I specialise in helping you find a solution for your home if you are in negative equity. I can do this quickly and efficiently and pay the price you need to pay off your mortgage.
If you cannot sell your home because you have low or no equity, or even in negative equity please fill out this short form below and I will contact you to see how I can help.
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