People We Have Helped

Mrs M……, has run into arrears and missed payments on other loans

She wants to sell up but is unsure when
She has had an offer of £147,000 on her house but it is really worth around £180,000
She has not yet found somewhere to live and does not want to move out for 6 months
Her debts are mounting and her income is insufficient for her needs.

Solution offered:
We are clearing her arrears
We are providing her with a monthly income to support the debts she has for 6 months
The property is on the open market and subject to a good offer, she will move within the 6-month period

She gains:
Stability, Time, a higher sale price

Mr and Mrs A……, both in full-time retail jobs, got into difficulties when they took out a further advance of £20,000 to build an extension. Their builders were unsatisfactory and so they had to start again with new builders. As the costs mounted up, they had to pay for materials and labour 'up front' and could not afford their new monthly mortgage payments. Their payments became so erratic that their lender sent them a letter insisting they pay all the arrears with interest, or be taken to Court for repossession.

Mrs A….. became ill with worry and could not work. This couple contacted us the day after they had been given a Repossession Order. They were unable to pay, so we found them a buyer, enabling them to move to a more affordable property. The threatening letters stopped and we enabled them to stay in their home mortgage free, until it was convenient to move, thus avoiding more trauma and expense.

Mr. F….., a 42 year old factory worker in Sheffield, got made redundant just after he had taken on a further advance to pay for a conservatory and a car. We were able to find a buyer for his house and arranged for him to stay there rent-free for 5 months. He then took a job in Carlisle and was able to buy a house the following month.

Mrs. C…., a self-employed gardener, got in to arrears because she injured her leg and could not work for 4 months. She just needed a bit of time, but her lender's solicitor required her to attend a repossession hearing. Repossession Rescue were able to find a purchaser for her house, pay off her arrears and give her a 6 month breather from payments.

She was able to get back to work and sort out her finances, without having to disrupt her son's education. She is now rebuilding her credit rating and they are currently thinking of moving to France. Without Repossession Rescue they would have been homeless.

Mr. W….., 82 years old had a stroke and had to go into immediate care, costing nearly £1,000 a month. His son tried to sell his house but it was too neglected to attract buyers. Repossession Rescue found a cash buyer for his fathers' house and in 3 weeks he had the cash in his account, which enabled him to start paying for his fathers' long-term care.