Fixed Fee CCJ Removal Service Licensed & Qualified 5-Star Rated Service
Once a house has been repossessed the mortgage lender has the legal authority to sell the property for the best price that can reasonably be obtained. This starts with an estate agent, although the home will more than likely end up at public auction where the value will be substantially less than on the open market, normally around 70-75% of the market value at the time. The lender has an FSA duty of care obligation to secure the best price but it has been widely reported that after repossession Banks are keen to secure a sale on the day than hold out for a good price. However, In order to get the best possible price for the property and minimise additional costs and charges, former borrowers need to ensure it is left in the best condition and any necessary repairs are carried out.
To help alleviate any losses after repossession, borrowers should:
There are occasions where even AFTER eviction we can secure the hand back of the property, this is very complex and based on your bespoke circumstances.
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Paul House, Stockport Road, Timperley, Altrincham, Cheshire, WA15 7UQ