Repossession Rates Down

Sep 5th, 2009 | By admin | Category: Negative Equity, Property Market News

The expected rise in repossessions this year has been much slower than anticpated by many.

This is partly due to Government repossession schemes to help people avoid these problems when they go the Court, but mainly due to the end of fixed rate mortgages that mean many people who were struggling are now paying much less than before.

However, once interest rates start to rise again without a significant increase in house prices, many home owners will be back in difficulty and unable to remortgage due to negative equity.

If you are facing repossession and need to sell quickly to repay your mortgage fill in the short form below and I’ll get back to you as soon as I can.

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