Rent Back Scotland

If you are in arrears with your mortgage and/or in significant debt that is affecting your payments to your mortgage you may be facing repossession.

If you are months in arrears and have not come to an arrangement with your lender (varies with lender) they may have issued a court action. 

At this hearing it is possible to suspend the order to evict if you can show that you have a legitimate offer or can prove that you can meet payments on your property.

It is essential to tell us what stage you are at and supply information about all outstanding debt against the property if we are to help you Stop Repossession.

It is possible to Stop Repossession at a late stage but it is always wise to call and let us understand the circumstances early as sometimes it can be too late.

Cost of repossession:

Some of the costs of repossession:

• Liability to pay off Arrears.
• Legal Fees – additional for court action.
• Estate Agency or Auction Fees to sell your property.
• Adversely affect your credit rating.
• Liability for any shortfall after the sale.

Your property may also be sold at a discount or at auction to achieve a hasty sale.

Repossession seriously affects your credit rating for years.  Call us on 0800 043 5777 now for more advice.

We can help:

• We can arrange a quick purchase agreement.  This will need to pay off the mortgage and any arrears and any secured loans.  Where possible missives will be concluded before any court action, to save the distress this can cause.
• We will arrange a rental with you at a market level that you can afford.
• We may be able to arrange a Buy Back Option so that you can have the opportunity to buy the property back if your circumstances change in the future.  Please ask about this when you contact us.

Call to discuss these options today on 0800 043 5777.