Help & Advice for Individuals from Debt Advisory Service
POSITIVE SOLUTIONS FOR INDIVIDUALS & BUSINESSES

FACING PROPERTY REPOSSESSION?
If you don't keep up payments on your mortgage or your secured loan, your home may be at risk of repossession. Being threatened with property repossession can be very frightening. It is important not to panic however, as there are steps that can be taken to prevent it. There are many reasons for facing house repossession. Perhaps you are on the verge of bankruptcy. Maybe you have defaulted on a secured loan you took out on your property. Perhaps you've defaulted on the mortgage itself.

Whatever the reasons for your impending repossession, if there is equity stored up in your property, a quick remortgage to release that equity and pay off your lenders could be a way to save your home from repossession. Remortgaging can also assist with debt consolidation - helping to reorganise your financial affairs by transferring debts with high rates of interest to your mortgage - the cheapest way to borrow. Your new monthly repayments are likely to be considerably less than from all your existing debts. Although it's true that many high street lenders will be unwilling to offer any help to people who have fallen into arrears on their mortgage or loans because of the risk associated, there are specialist lenders who are prepared to help people in such circumstances. Even if you have come to an arrangement with your current lender to settle arrears you may still find it worthwhile speaking to our mortgage advisors about alternative moneysaving options.

To find out whether this is a suitable option for you, call FREEPHONE 08000 191 278
or email enquiries@debtadvisoryservice.co.uk