Avoid court action with a Quick House Sale Glasgow

 

 

AVOID COURT ACTION

 If you are unable to keep up your repayments with secured lenders against your Glasgow home, the company or companies to whom money is owed may take court action to recover the sum involved, and any expenses incurred in the process of recovering such sums. For the majority of lenders Repossession is a last resort, as they would prefer an arrangement where the sum is repaid. The selling of your home by a secured lender is really the last thing that they wish to do. Look carefully at your situation, and see if you have alternatives. An alternative may be restructuring your mortgage or selling your home, or to sell and rent back from the Glasgow based Property Advice Bureau. The sooner you act, the better the chance you have of keeping your home.

Always make the repayment of your mortgage a priority, before other unsecured debt, even if you cannot pay the full amount monthly, then pay what you can as this will help delay any action, until such times as you can.

GET FREE ADVICE

One option available in order to avoid court action is seek free advice. There are several free agencies from which you can obtain free advice, such as;

• National Debtline
• Shelter
• Citizens Advice
• Advisors at your local benefits office
• Check the internet for advice centres
• The Consumer Credit Counsel

 

REDUCE YOUR OUTGOINGS

 Any outgoings that you can reduce in order to pay your mortgage should be seriously considered. If it means giving up certain things in the short term, then so be it!
Suggestions:

• Write down all your weekly outgoings and budget where possible

• Reduce your shopping bill by buying less expensive items or buy things on special offer
• Give up smoking and alcohol
• Give up buying newspapers and magazines
• Turn  down your heating by a few degrees and put on more clothes to compensate
• If boiling the kettle for one cup, then only put enough water in for one cup
• If you have a car drive economically
• If you have a satellite subscription consider cancelling it
• Membership of gyms etc. could be cancelled, you can always rejoin when things improve
• Try and pay off your credit cards monthly to avoid interest
• Consider moving any outstanding amounts on credit cards to a new company who will offer free balance transfers and tranfers free of interest for months
• If you have a car consider selling it, if convenient, and use public transport
• Think carefully before taking on any new commitments
• Do not borrow to pay off existing creditors
• Ensure that you are claiming any benefits or allowances to which you are entitled, check with your local benefits office
• Consider selling your home, and/or rent back your home from the Property Advice Bureau Bureau
• Do seek professional advice

These are just a few of the things that may available as options available to your own circumstances to avoid Repossession and court action.

 

* All surveys are carried out by a member of the Royal Institute of Chartered Surveyors and have no affiliation to PAB whatsoever. PAB will pay the property survey and legal fees up to £500, this amount will include VAT and any disembursements in order to conclude the missives, any amounts greater than this will be the client’s responsibility where a successful purchase is made by PAB and will be deducted from the purchase price. (Where a purchase is not concluded then the seller will be responsible for the legal fees, survey expenses, and any admin expenses incurred by PAB).